Oyo State Governor, Seyi Makinde, on Wednesday, presented a proposed budget estimate of N678,086,767,322.18 to the State House of Assembly for legislative review and approval.
Makinde, while presenting the budget tagged “Budget of Economic Stabilisation,” noted that it was 35 per cent higher than the 2024 budget.
He said, “Of the total budget, capital expenditure accounts for N349.29 billion, representing 50.59 per cent, while N325.57 billion is allocated to recurrent expenditure, representing 49.41 per cent of the budget.
“The infrastructure sector receives the largest allocation, with N152.26 billion, or 22.46 per cent, followed by education with N145.26 billion, representing 21.44 per cent of the budget.
“Additionally, health receives N59 billion, representing nine per cent, while agriculture is allocated N18 billion, or three per cent of the budget.”
The governor assured that his administration would continue to prioritise the welfare of the state’s citizens.
In his remarks, Speaker Adebo Ogundoyin affirmed the legislature’s commitment to working closely with the governor to ensure the successful implementation of the 2025 budget.
He stated, “We pledge to conduct thorough oversight of all government arms to guarantee transparency, accountability, and responsible allocation of resources.
“Let me assure you that we will commence the review immediately to ensure swift passage of the appropriation bill. This, as usual, will lead to prompt implementation and completion of all projects in the coming year.”
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