Oyo State Governor Seyi Makinde on Monday presented a proposed ₦891,985,074,480.79 budget for the 2026 fiscal year to the House of Assembly, describing it as ambitious yet necessary for the state’s next phase of development.
Presenting the estimates during the official presentation at the state Assembly in Ibadan, the governor said the spending plan leans strongly toward infrastructure, social services, and sustained economic expansion.
He explained that the proposal captures both ongoing commitments in education, healthcare, and rural development as well as new capital projects aimed at deepening growth.
The budget sets aside ₦502.65 billion for capital expenditure, indicating the administration’s continued emphasis on expanding and upgrading public assets. Recurrent expenses are pegged at ₦389.34 billion, covering personnel, overheads, and other routine obligations.
A detailed breakdown shows personnel costs at ₦156,385,612,074.34. Overhead spending stands at ₦122,212,984,593.60, while other recurrent items total ₦110.84 billion. This brings the full recurrent component to ₦389,338,596,667.94. Capital spending totals ₦502,646,477,812.85.
Sectoral allocations again place infrastructure at the top with ₦210.03 billion, which represents 23.5 percent of the entire budget.
Education follows with ₦155.21 billion, or 17.4 percent. Health receives ₦70.85 billion (7.9 percent) and agriculture ₦19.99 billion (2.2 percent).
The remaining ₦435.91 billion, representing 48.9 percent, is shared among public administration, community development, environmental management, commerce, and security-related interventions.
Makinde urged lawmakers to give the proposal speedy consideration so implementation can begin promptly in January.
Legislators, in their separate contributions, praised the governor for what they described as a proactive approach to addressing the state’s pressing socioeconomic needs.
Many used the session to outline road deficits and infrastructural challenges in their constituencies, while also expressing support for the administration’s push on major capital projects including the Ibadan circular road.
Hon. Dele Adeola drew attention to ongoing works on the 21-kilometre Iseyin–Ikere road, noting that the project is progressing steadily. He also highlighted the Okaka–Igbojaye road, which he said has reached 30 percent completion.
Adeola commended Makinde for similar construction efforts across Oke-Ogun and said the governor’s decision to acquire two security surveillance aircraft shows pragmatic leadership in safeguarding lives and property.
He appealed for strengthened security at border communities, especially along the Oyo–Kwara axis, where recent developments have heightened concern.
Deputy Speaker Muhammad Fadeyi also applauded Makinde, describing him as a leader who has managed to market Oyo State effectively on the global stage while strengthening infrastructure, security, and the general wellbeing of residents. He said the state has experienced relative calm despite nationwide security challenges.
Speaking on the recent controversy around the Ibadan circular road, the Deputy Speaker praised Makinde for taking a bold step on a project previous administrations were unable to push through.
He said engagements held with members of his constituency revealed that recent protests were hijacked by political interests who sponsored external infiltrators to amplify tension among genuinely affected persons.
Other lawmakers raised concerns about road conditions across various parts of the state. Responding to Hon. Gbenga Oyekola, Governor Makinde said most of the highlighted roads are already at different stages of work, with contractors mobilising to site as scheduled.
In his remarks, Speaker of the Oyo State House of Assembly and Chairman of the Conference of Speakers, Rt. Hon. Adebo Ogundoyin, described the presentation as a defining moment in the state’s governance cycle.
He commended Makinde for progress recorded under the 2025 Budget of Economic Stabilisation and said the new proposal reflects the aspirations gathered during stakeholder engagements across the seven geopolitical zones.
Ogundoyin noted that infrastructure, education, and health were rightly prioritised and said the distribution aligns with the state’s Medium-Term Expenditure Framework.
Reviewing 2025 performance, he highlighted a revenue achievement of 62.6 percent, IGR performance of 44.4 percent, and balanced implementation of both capital and recurrent spending.
The Speaker reaffirmed the assembly’s commitment to strict oversight. He highlighted the House’s output over the last two years, including 32 bills passed, 110 committee reports considered, 125 motions moved, 45 urgent matters deliberated, and more than 500 resolutions adopted. He also noted that Oyo remains the only state with a Post Legislative Scrutiny Unit.
Ogundoyin used the occasion to relay concerns raised by the Parliamentary Staff Association of Nigeria, Oyo chapter. Their demands include an upward review of CONLESS, appropriate status and remuneration for Deputy Clerks, full implementation of financial autonomy, renovation of the assembly complex, and provision of a utility bus.
He thanked Governor Makinde for presenting a budget he believes mirrors the collective aspirations of the people and urged continued collaboration to sustain the state’s development drive in 2026.