Governor Seyi Makinde on Tuesday presented a N1.1trillion budget proposal for the 2027 fiscal year, with infrastructure receiving the highest allocation of ₦236.1 billion.

The budget, ‘Budget of Sustained Progress’, was presented to the Oyo State House of Assembly in Ibadan for consideration. According to Mr Makinde, the budget comprises capital expenditure of N670.3 billion, representing 60 per cent, and recurrent expenditure of N445.3 billion, representing 39.9 per cent.

Mr Makinde presented a 2026 budget proposal of N891.9 billion on November 24, 2025, with 51 per cent allocated to capital expenditure and 49 per cent to recurrent expenditure.

The governor explained that the N236.1 billion allocated to infrastructure projects, representing 21.1 per cent of the total budget, underscores the administration’s focus on infrastructure and long-term development.

According to him, it is to ensure that his administration does not leave any project unfinished at the end of its tenure.

Meanwhile, the education sector was allocated N190.5 billion, representing 17.08 per cent of the total budget. He also announced N93.11 billion as the proposed allocation to the health sector, representing 8.3 per cent of the total budget.

Infrastructure and education received the top shares in the 2026 budget, with N210 billion (23.55 per cent) and N155.2 billion (17.40 per cent), respectively.

The governor further said the 2027 Appropriation Bill was shaped by consultations held across the state’s geopolitical zones.

“As usual, we held consultations across the several geopolitical zones of our dear state to listen to our people. We heard their priorities, their concerns and their expectations, so the budget before you reflects those conversations and our responsibility to plan for the continued development of our state,” he said.

Mr Makinde disclosed that the state had grown its internally generated revenue by over 288 per cent, from N26.5 billion in 2019 to N103.2 billion. He said the growth showed the state was becoming less dependent on federal allocation and more capable of funding its own development.

Mr Makinde also highlighted key achievements of his administration, especially in education, health and agriculture. He said that his administration had brought about 65,000 out-of-school children back into classrooms through education interventions and partnerships.

The Oyo governor said the state was the first sub-national government in Africa to sign on to the African Continental Free Trade Area (AfCFTA). He also announced the formal induction of 3,933 newly recruited primary healthcare workers.

(NAN)