Oyo State Governor, Seyi Makinde, has submitted a proposed budget of N1.115tn for the 2027 fiscal year to the State House of Assembly, outlining plans to sustain ongoing development projects and strengthen public institutions before the end of his administration.
The proposal, valued at N1,115,341,378,359.90, was presented to lawmakers on Tuesday at the Assembly complex in Agodi, Ibadan, under the theme, “Budget of Sustained Progress”.
Makinde described the proposal as the final budget of his administration, noting that it was structured to consolidate achievements recorded over the years, maintain essential public services and ensure a smooth transition to the next government.
He said the administration was focused on establishing a sustainable development framework that would remain effective beyond its tenure, particularly through investments in infrastructure, education, healthcare and community development.
The governor stressed the importance of proper documentation, transparency and strong public institutions in ensuring continuity in governance.
Reviewing his administration’s performance, Makinde disclosed that the state’s Internally Generated Revenue had risen by 288 per cent, from N26.59bn in 2019 to N103.25bn in 2025.
He also noted that Oyo State secured the third position nationally in the 2025 Subnational Ease of Doing Business Assessment.
On education, the governor said government interventions and collaborations had facilitated the return of approximately 65,000 out-of-school children to classrooms, alongside improvements in school facilities, recruitment and educational service delivery.
He, however, maintained that the success of his administration should not be determined solely by financial records and rankings but by its impact on residents and the strength of institutions established.
Makinde also reiterated his commitment to women's participation in governance, promising to maintain the 35 per cent affirmative action policy for women.
On infrastructure and agriculture, he said strategic road projects were being prioritised to improve connectivity between economic centres, facilitate transportation of farm produce and expand access to markets for rural communities.
He attributed progress in the agricultural sector to the establishment of the Oyo State Agribusiness Development Agency and the Oyo State Agribusiness Transformation Centre, which he said had attracted significant private-sector investment.
According to the governor, the transformation centre currently accommodates 16 agribusinesses with investments exceeding N20bn, while more than 30,000 farmers have been registered in the state's agricultural database to strengthen planning and targeted interventions.
He added that the Rural Access and Agricultural Marketing Project was improving rural road networks, agricultural productivity and economic activities in farming communities.
In the health sector, Makinde disclosed that 3,933 newly recruited primary healthcare workers had been inducted to improve service delivery and strengthen the state's healthcare system.
The governor further explained that construction activities on several government projects would receive renewed attention during the dry season, following executive approval for adjustments to project costs in response to inflation, foreign exchange fluctuations and rising energy prices.
He appealed to the lawmakers to support the proposal and ensure its timely consideration and passage in the interest of the state's development.
In his response, the Speaker of the Oyo State House of Assembly, Adebo Ogundoyin, praised the governor's performance, describing the budget presentation as an opportunity to consolidate the achievements of the Omituntun 2.0 administration.
Ogundoyin said the proposed budget represented the final fiscal cycle of Makinde's administration and reflected efforts to sustain development across critical sectors during its seven-and-a-half-year tenure.
He highlighted investments in road construction, school rehabilitation, healthcare facilities, agricultural development and workers' welfare as some of the administration's notable interventions.
The Speaker assured that the Assembly would carefully examine the proposal and give it the necessary legislative attention.
The presentation was attended by the Olubadan of Ibadanland and former governor of Oyo State, Oba Rashidi Ladoja, alongside other dignitaries.
