Makinde presents N1.12tn budget proposal for 2027 fiscal year

Oyo State Governor, Seyi Makinde, has presented a proposed budget of N1.12 trillion for the 2027 fiscal year to the state House of Assembly.

The governor presented the appropriation bill on Tuesday in Ibadan, the state capital, with the public infrastructure sector receiving the largest allocation of N236.15 billion.

Makinde said the proposed budget was designed to build on the achievements of his administration, particularly through the completion and improvement of ongoing legacy projects across the state.

Titled “Sustained Progress,” Makinde said, “The proposal, which stands at N1,115,341,378,359.90, provides approximately N670.3 billion for capital expenditure, representing about 60 per cent of the total estimates, while recurrent expenditure is projected at N445.3 billion, representing approximately 40 per cent.”

He said he gave priority to the state’s infrastructural development; hence, the voting of the larger chunk of the budget for the sector, adding that the education sector takes the second lead with N190.6bn, followed by the health sector with N93.01bn.

Makinde said, “My administration has shored up the Internally Generated Revenue from N26.95 billion in 2019 to N103.25 billion in 2026.

“The IGR of the state as at the time we took over in 2019 was N26.95 billion, but it has witnessed a geometric increase as it now stands at N103.25 billion. Our administration has taken over 65,000 out-of-school children back to the classroom.”

For effective budget implementation, the governor stressed the need for prudent financial management to maintain the reforms and infrastructure established by his administration.

He also defended the administration’s tractorisation policy and his decision to privatise tractor services as part of efforts to improve agricultural productivity.

On the recent wave of resignations involving political appointees and other officials in his administration, the governor said he was counting on those who had left but insisted that their decisions had no significance for his administration.

In his remarks, the Speaker of the state’s House of Assembly, Adebo Ogundoyin, noted that his (Makinde’s) presence “underscores your administration’s respect for Constitutional Democracy and the cordial working relationship between the Executive and Legislative Arms of government.”

The speaker stressed that the occasion provides an opportunity to “consolidate the achievements of the last seven and a half years, sustain ongoing developmental programmes and strengthen the foundation for sustainable growth and prosperity.”

Ogundoyin added that since June 2023, the House has “passed 41 bills into law, processed 146 committee reports, 184 motions and adopted over 1,500 resolutions.”

He also highlighted key public engagements on major legislative proposals like the “Oyo State Real Properties Protection Bill, Presumptive Tax Bill, Consumer Protection Agency Bill, Oyo State Roads Fund Bill and Single-Use Plastics Prohibition Bill.”

Additionally, he celebrated an institutional milestone, noting that the establishment of the Post-Legislative Scrutiny (PLS) Unit in January 2025 made Oyo State “the first State House of Assembly in Nigeria to establish a dedicated unit for this purpose.”

Addressing the incoming fiscal plan, the Speaker assured the governor that the Assembly “shall give the proposed budget the necessary legislative attention and scrutiny, guided by the overriding interest of the people of Oyo.”

He also took the opportunity to advocate for legislative support staff by bringing forward specific requests from the Parliamentary Staff Association of Nigeria, which include an “upward review of the Consolidated Legislative Salary Structure to 100 per cent, regularization of ad-hoc staff appointments and the release of the bus earlier approved for the Association.”

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