Governor Seyi Makinde of Oyo State, southwestern Nigeria, has signed the state’s N892 billion 2026 Appropriation Bill into law. The fiscal plan prioritises infrastructure and social development.
Okay News reports that the signing ceremony occurred at the Executive Chamber in Ibadan, Oyo State’s capital. It featured government officials and lawmakers praising timely budget processes.
Makinde described the budget as realistic and disciplined. It emphasises internal revenue growth to lessen reliance on federal allocations.
He directed Ministries, Departments, and Agencies (MDAs) to adhere strictly to implementation guidelines. Alignment ensures effective execution.
“If we experience a windfall or exceed our targets, we will not hesitate to send a supplementary budget to ensure that critical developmental projects are adequately funded,” Makinde stated.
Such a move could push Oyo beyond N1 trillion for the first time. It would join select states with trillion-naira plans.
Speaker of the Oyo State House of Assembly Rt. Hon. Adebo Ogundoyin commended executive-legislative harmony. He highlighted adherence to public finance best practices.
The House pledged robust oversight. It aims to deliver tangible benefits across all state zones.
Implementation commences immediately. The budget marks the administration’s seventh fiscal cycle.
Previous years showed steady expansion. The 2024 budget totalled N434.4 billion, nearly balanced between capital and recurrent.
Education led allocations then. Infrastructure and health followed.
The 2025 “Budget of Stabilisation” reached N684.15 billion, up over 57 percent. Capital spending edged recurrent.
Infrastructure dominated with over N152.2 billion. Mid-cycle supplements accelerated key roads.
This trajectory reflects deliberate scaling from consolidation to aggressive development. Focus remains on revenue mobilisation and human capital.
The 2026 plan continues momentum. It supports Oyo’s economic footprint expansion in Nigeria’s federal system.
