Oyo State Governor, Seyi Makinde, has presented a proposed ₦1.115 trillion budget for the 2027 fiscal year to the State House of Assembly, describing it as the “Budget of Sustained Progress”.
The governor presented the appropriation bill on Tuesday during a special plenary session at the Parliament Building, Secretariat, Ibadan.
The proposed budget, which stands at ₦1,115,341,378,359.94, allocates approximately 60.07 per cent to capital expenditure and 39.93 per cent to recurrent spending.
According to the breakdown presented by the governor, ₦670.03 billion is earmarked for capital projects, while ₦445.31 billion is allocated to recurrent expenditure.
Makinde explained that the allocation meant that about 60 per cent of every ₦100 proposed in the budget would go into capital investments.
He, however, stressed that infrastructure development must be matched with adequate investment in human resources and essential public services, noting that schools require teachers, hospitals need healthcare personnel, medicines and equipment, while public institutions must be properly staffed and equipped.
The governor also called for continuity in the development policies and programmes of his administration beyond the expiration of his tenure, describing the proposed agenda as Omituntun 3.0.
He expressed confidence that the candidates recommended to sustain his administration’s development philosophy would carry the vision forward.
“Over the last seven-plus years, we have worked towards sustaining the development trajectory of Oyo State. For the candidates we have recommended for continuity, we refer to this agenda as Omituntun 3.0.
“While political parties may contest elections and some may emerge victorious while others lose, our overriding concern is to ensure that the development of the state does not suffer a setback,” he said.
The Speaker of the House, Adebo Edward Ogundoyin, commended the Makinde administration for what he described as its transformative impact across critical sectors, saying the 2027 fiscal plan would help consolidate seven and a half years of development.
Ogundoyin highlighted the cordial relationship between the executive and legislative arms, which he said had contributed to progress in infrastructure, education, healthcare, agriculture and security.
He also presented the legislative scorecard of the 10th Assembly since its inauguration in June 2023, disclosing that the House had passed 41 bills into law, processed 146 committee reports and 184 motions, and adopted more than 1,500 resolutions.
The Speaker particularly highlighted the establishment of the Post-Legislative Scrutiny Unit in January 2025, describing Oyo as the first state House of Assembly in Nigeria to institutionalise the initiative.
He said the unit had reviewed key legislation, including the Open Rearing and Grazing Regulation Law and the Oyo State Security Network Agency Law.
Ogundoyin assured the governor that the Assembly would subject the 2027 budget to prompt and thorough legislative scrutiny. He also appealed for improved welfare for legislative staff, drawing attention to requests by the Parliamentary Staff Association of Nigeria, Oyo State Chapter, including the full implementation of the Consolidated Legislative Salary Structure and regularisation of ad-hoc staff.
The presentation was preceded by commendations from lawmakers representing different parts of the state, who praised the governor’s leadership and highlighted projects and policies they said had improved residents’ welfare since 2019.
The Majority Leader of the House, Sanjo Adedoyin, recalled the economic hardship in the state before the present administration, saying the situation had changed under Makinde’s leadership.
Similarly, Gbenga Oyekola commended the governor for the rehabilitation of roads linking communities in Oyo Federal Constituency, while another lawmaker praised the rehabilitation of at least 26 inner roads in Ogbomoso.
The lawmakers also acknowledged the administration’s investment in Ladoke Akintola University of Technology, particularly the acquisition of sole ownership of the institution by the Oyo State Government.
Other members praised what they described as the administration’s commitment to meritocracy and the creation of opportunities for people without established political connections to occupy positions of responsibility.
The proposed 2027 budget comes after an increase in the state’s 2026 fiscal provision.
Oyo State’s original 2026 Budget of Economic Expansion stood at ₦891.99 billion, with ₦502.85 billion, representing 56.37 per cent, allocated to capital expenditure and ₦389.14 billion, representing 43.63 per cent, earmarked for recurrent spending.
The State House of Assembly subsequently approved a ₦210 billion supplementary budget in September 2026, bringing the cumulative financial provision for the year to approximately ₦1.102 trillion.
If approved, the 2027 proposal will provide the financial framework for the final phase of Makinde’s tenure, which is expected to end in 2027, with the administration seeking to sustain infrastructure development, strengthen public institutions and consolidate its achievements.
Kehinde Ayanboade
Kehinde Ayanboade is the Managing Editor and Publisher of Naija Metro News, with over eight years of experience covering Nigerian politics, crime, legislative proceedings and metropolitan affairs.
