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Oyo Assembly approves N210bn supplementary budget
The Oyo State House of Assembly has passed the 2026 Supplementary Finance Bill, approving an additional N210 billion to fund the state’s supplementary budget for the year.
The bill was passed on Thursday during plenary in Ibadan after lawmakers considered and adopted the report of the House Committee on Finance, Appropriation and State Economic Planning.
The committee chairman, Sunkanmi Babalola, said the committee examined the bill clause by clause, taking into consideration inputs from the Ministry of Budget and Economic Planning and projections in the state government’s Medium Term Expenditure Framework, which had earlier been adopted by the House.
He said, “With the approval of the supplementary finance, the total amount approved under the 2026 Finance Law now rose from N892,085,074,480.79 to N1,102,085,074,480.79 only.
“The N210 billion supplementary finance be granted from the Consolidated Revenue Fund of Oyo State for the year ending December 31, 2026, with the sources of the funds set out in the schedule to the Bill.
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