Oyo State Governor, Engr. Seyi Makinde, on Monday, presented the 2026 Appropriation Bill, totalling N891,985,074,480.27, to the Oyo State House of Assembly for scrutiny and approval.
Presenting the budget, tagged: “Budget of Economic Expansion”, Makinde described the proposal as a strategic shift designed to position Oyo State for global market integration and sustained economic growth.
According to Makinde, capital expenditure in the budget is projected at ₦502.8 billion (56.7%), while recurrent expenditure stands at N389.1 billion (43.3%).
The infrastructure sector accounts for the largest share, with ₦210.02 billion, followed by education, which accounts for N155.2 billion (17.4%).
The health sector is allocated N70.8 billion (7.94%), while agriculture gets N19.9 billion (2.24%).
Makinde highlighted several flagship projects expected to drive the state’s economic transformation, including AfCFTA-focused initiatives, the Oluyole Free Trade Zone, Special Agricultural Zones, dry ports, logistics ports, the upgrading of Ladoke Akintola Airport, and the expansive 110km Rashidi Ladoja Circular Road, which links key commercial corridors.
He noted that Oyo State will celebrate its 50th anniversary in February 2026, with the theme: “Renewal: A celebration of where we have come from and where we are going,” emphasising that the state’s most excellent resource remains its people and their creativity.
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