Oyo State Governor, ‘Seyi Makinde, has presented the 2027 Appropriation Bill to the Oyo State House of Assembly for legislative consideration and approval.
The budget proposal, tagged “Budget of Sustained Progress,” has a total estimate of ₦1,115,341,378,359.90 (One Trillion, One Hundred and Fifteen Billion, Three Hundred and Forty-One Million, Three Hundred and Seventy-Eight Thousand, Three Hundred and Fifty-Nine Naira, Ninety Kobo).
Presenting the proposal on Tuesday at the House of Assembly Chamber, Secretariat, Agodi, Ibadan, Governor Makinde said the 2027 budget was designed to consolidate the gains recorded by his administration and lay a foundation for sustainable development that would outlive the current government.
The Governor described the appropriation bill as the final budget proposal of his administration, noting that it was crafted to sustain development momentum and ensure continuity beyond the life of the current government.
“As we prepare to hand over the baton to the next administration, we bring before you the 2027 Budget of Sustained Progress. It is designed to consolidate our gains, sustain public services and carry our state’s development forward through the transition period and beyond,” he said.
Governor Makinde noted that the proposal places emphasis on infrastructure development, community development and the building of strong and accountable institutions. He disclosed that a significant portion of the budget had been allocated to capital projects to sustain ongoing initiatives and commence new projects in the health, education and road infrastructure sectors.
According to him, the administration remains committed to leaving behind clear records, properly documented processes and institutions capable of sustaining efficient service delivery through continuity and strategic partnerships.
Highlighting key achievements that have defined the administration’s growth trajectory, Governor Makinde stated that Oyo State’s Internally Generated Revenue (IGR) increased by 288 per cent, rising from ₦26.59 billion in 2019 to ₦103.25 billion in the 2025 fiscal year. He also noted that Oyo State ranked third in Nigeria in the 2025 Subnational Ease of Doing Business Assessment.
The Governor said that through targeted interventions and strategic partnerships, about 65,000 out-of-school children had been returned to the classroom, while substantial investments had been made in educational infrastructure, personnel recruitment and service delivery.
He maintained that the true measure of the administration’s performance extends beyond revenue figures and rankings.
“Figures alone cannot fully assess our administration. The real measure of success is the impact we have made on the lives of our people and the institutions we have built to serve them beyond May 29, 2027,” he said.
Governor Makinde also reaffirmed his administration’s commitment to women’s inclusion in governance, assuring that the state would continue to sustain the 35 per cent affirmative action policy for women.
Speaking on infrastructure and agriculture, the Governor explained that his administration prioritised strategic road projects to connect economic corridors, improve market access and unlock opportunities for farmers, businesses and rural communities.
He noted that the establishment of the Oyo State Agribusiness Development Agency had helped reposition agriculture as a viable business sector, while the Oyo State Agribusiness Transformation Centre had emerged as a major hub for agricultural investment and development.
The Governor further disclosed that the state now hosts 16 agribusinesses with investments valued at over ₦20 billion at the Agribusiness Transformation Centre, while more than 30,000 farmers have been captured in the state’s agricultural database, improving planning and intervention efforts.
He added that interventions under the Rural Access and Agricultural Marketing Project (RAAMP) continue to improve access to markets, enhance agricultural productivity and stimulate growth in rural economies.
Governor Makinde also highlighted recent achievements in the healthcare sector, including the induction of 3,933 newly recruited primary healthcare workers to strengthen service delivery and maximise investments in healthcare infrastructure across the state.
He further assured lawmakers that construction activities on several ongoing projects would accelerate during the current dry season following approvals secured by the Executive to accommodate increases in project costs arising from inflation, exchange rate fluctuations and rising energy prices.
The Governor called on the Speaker and members of the House of Assembly to continue partnering with the Executive Arm of Government in the interest of the people of Oyo State and to give the budget proposal expeditious consideration and approval.
In his remarks, the Speaker of the Oyo State House of Assembly, Rt. Hon. Adebo Ogundoyin, commended Governor Makinde for what he described as remarkable achievements since the inception of the administration.
He noted that the presentation of the 2027 Budget Proposal marked a historic moment as the final budget cycle of the Omituntun 2.0 Administration, providing an opportunity to consolidate seven and a half years of transformation across key sectors of the state’s economy.
The Speaker added that Oyo State has witnessed sustained investments in road construction and rehabilitation, school infrastructure, healthcare facilities, agricultural development and workers’ welfare under the current administration.
He assured the Governor that the House would subject the proposal to thorough legislative scrutiny and give it the attention it deserves in the overriding interest of the people of Oyo State.
The event was attended by a former Governor of Oyo State and the Olubadan of Ibadanland, Oba (Sen.) Rashidi Ladoja; the Deputy Governor of Oyo State, Barr. Bayo Lawal; former Deputy Governor of Oyo State, Engr. Hamid Gbadamosi; former Speaker of the House of Assembly, Senator Monsurat Sunmonu; the Chief Judge of Oyo State, Hon. Justice Iyabo Yerima; and the gubernatorial running mate of the Allied Peoples Movement (APM), Engr. Mufutau Open-Salawu.
Also in attendance were the Secretary to the State Government, Prof. Musibau Babatunde; Chief of Staff to the Governor, Bashorun Akinwole Akinwale; Head of Service, Dr (Mrs) Adenike Fashina, mni; Deputy Chief of Staff, Hon. Kazeem Adeniyi; the Chairman of the Oyo State Elders’ Council, Dr Saka Balogun; members of the Oyo State Advisory Council; commissioners; local government chairmen; traditional rulers; religious leaders; labour leaders; party members; and other top government functionaries.
