Oyo State Governor, Seyi Makinde, on Monday presented a total budget of N891,984,074,490.79 (Eight Hundred and Ninety-one billion, Nine Hundred and Eighty-Four Million, Seventy-four Thousand, Four Hundred and Ninety naira, Seventy-Nine kobo) for the 2026 fiscal year to the House of Assembly.
Presenting the budget, christened “Budget of Economic Expansion,” Makinde said it was an appropriation designed to “convert stability into opportunities, linking infrastructure, human capital and innovation.”
Breaking down the budget proposal, the governor said capital projects will gulp about N502 billion, while recurrent expenditure will take N389 billion, representing a 60:40 ratio in favour of capital spending.
According to the governor, the 2026 budget is anchored on four key pillars– Infrastructure, Education, Health, and Agriculture.
Infrastructure is ₦210,025,443,802, representing 23% of the total budget. Education takes ₦155,209,607,317.20, representing 17.40% of the budget, while Health will take ₦70,871,858,500, representing 7.1% of the 2026 budget. Agriculture gets ₦19,987,210,324.16, representing 2.24%.
Makinde thanked the legislators for their continued cooperation, particularly in expediting the passage of previous budgets, which he said had enabled the “massive infrastructural development” witnessed across the state.
He also appreciated the people of Oyo State for their “resilience, commitment and unwavering support even in the face of mass defections and internal party politics.”
Dignitaries at the budget presentation included: the deputy governor, Barr. Bayo Lawal; National Secretary of the Peoples Democratic Party, Amb. Taofeek Arapaja; former deputy governors, Barr. Hazeem Gbolarumi and Engr. Hamid Gbadamosi; Chief Judge of Oyo State, Hon. Justice Iyabo Yerima; Senator Monsurat Sunmonu; Secretary to the State Government, Prof. Olanike Adeyemo; and top government officials.
Notable traditional rulers in attendance were: the Olubadan of Ibadanland, His Imperial Majesty Oba Rashidi Ladoja (Arusa I); members of the Olubadan-in-Council; Alaafin of Oyo, His Imperial Majesty Oba Abimbola Owoade I; Soun of Ogbomoso, On Ghandi Olaoye; Eleruwa of Eruwa, Oba Samuel Adegbola; Olugbon of Orile-Igbon, Oba Francis Olushola Alao; Aseyin of Iseyin, Oba Sefiu Oyebola, among others.
