Oyo State Governor Seyi Makinde on Tuesday presented a N1.1 trillion budget proposal for the 2027 fiscal year, allocating the largest share of N236.1 billion to infrastructure.
The budget, tagged “Budget of Sustained Progress”, was presented to the Oyo State House of Assembly in Ibadan for consideration.
According to Makinde, the proposal comprises N670.3 billion in capital expenditure, representing 60 per cent, and N445.3 billion in recurrent expenditure, representing 39.9 per cent.
Makinde presented a N891.9 billion budget proposal for 2026 on November 24, 2025, with 51 per cent allocated to capital expenditure and 49 per cent to recurrent expenditure.
The governor said the N236.1 billion earmarked for infrastructure, representing 21.1 per cent of the total budget, reflected his administration’s focus on infrastructure and long-term development.
He said the allocation was intended to ensure that the administration did not leave unfinished projects at the end of its tenure.
The education sector received N190.5 billion, representing 17.08 per cent of the total budget, while the health sector was allocated N93.11 billion, representing 8.3 per cent.
NAN recalls that infrastructure and education also received the largest allocations in the 2026 budget, with N210 billion (23.55 per cent) and N155.2 billion (17.40 per cent), respectively.
Makinde said the 2027 Appropriation Bill was shaped by consultations held across the state’s geopolitical zones.
“As usual, we held consultations across the several geopolitical zones of our dear state to listen to our people.
“We heard their priorities, their concerns and their expectations, so the budget before you reflects those conversations and our responsibility to plan for the continued development of our state,” he said.
He disclosed that the state had increased its internally generated revenue (IGR) by more than 288 per cent, from N26.5 billion in 2019 to N103.2 billion.
He said the growth showed that the state was becoming less dependent on federal allocations and better positioned to fund its development.
Makinde also highlighted his administration’s achievements in education, health and agriculture.
He said government interventions and partnerships had helped return about 65,000 out-of-school children to classrooms.
On trade, he said Oyo was the first sub-national government in Africa to sign onto the African Continental Free Trade Area (AfCFTA).
He also announced the formal induction of 3,933 newly recruited primary healthcare workers.
According to him, the recruitment would strengthen the workforce needed to translate investments in health facilities into services for residents.
“Our investment in healthcare facilities, which the newly recruited workers will now man, is turning into services for our people,” he said.
Makinde also listed the completion of the 8.4-kilometre road at Fashola Farm Settlement and rural market projects among the administration’s achievements, saying they linked farmers and businesses to markets.
He said his administration had provided a roadmap for the state’s continued development in 2027 and beyond.
The governor urged lawmakers to scrutinise the budget proposal before its passage.
The Olubadan of Ibadanland, Rashidi Ladoja; the Eleruwa of Eruwa, Samuel Adegbola; and the Aseyin of Iseyin, Sefiu Olawale, were among the dignitaries at the presentation.
