Gov. Seyi Makinde of Oyo State on Tuesday presented a N1.1trillion budget proposal for the 2027 fiscal year, with infrastructure receiving the highest allocation of ₦236.1 billion. The budget, entitled “Budget of Sustained Progress”, was presented to the Oyo State House of Assembly in Ibadan for consideration.
According to Makinde, the budget comprises capital expenditure of N670.3 billion, representing 60 per cent, and recurrent expenditure of N445.3 billion, representing 39.9 per cent.
Makinde, on Nov. 24, 2025, presented a 2026 budget proposal of N891.9 billion, with 51 per cent allocated to capital expenditure and 49 per cent to recurrent expenditure.
The governor explained that the N236.1 billion allocated to infrastructure projects, representing 21.1 per cent of the total budget, underscores the administration’s focus on infrastructure and long-term development.
According to him, it is to ensure that his administration does not leave any project unfinished at the end of its tenure.
Meanwhile, the education sector was allocated N190.5 billion, representing 17.08 per cent of the total budget. He also announced N93.11 billion as the proposed allocation to the health sector, representing 8.3 per cent of the total budget.
The infrastructure and education received the top shares in the 2026 budget, with N210 billion (23.55 per cent) and N155.2 billion (17.40 per cent) respectively.
The governor further said the 2027 Appropriation Bill was shaped by consultations held across the geopolitical zones of the state. “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 grown its Internally Generated Revenue by over 288 per cent, from N26.5 billion in 2019 to N103.2 billion.
He said the growth showed the state was becoming less dependent on federal allocation and more capable of funding its own development. Makinde also highlighted key achievements of his administration, especially in education, health and agriculture.
He said that his administration had brought about 65,000 out-of-school children back into classrooms through education interventions and partnerships.
On trade, he noted that Oyo State is 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.
He said the recruitment would strengthen the workforce needed to turn investments in health facilities into services for the people.
“Our investment in healthcare facilities, which the newly recruited workers will now man, is turning into services for our people,” he said.
He listed the completion of the 8.4-kilometre road at Fashola Farm Settlement and rural market projects, which he said connect the farmer, the enterprise, and the market.
Makinde said his administration had provided the next administration with a roadmap for the state’s continued development in 2027 and beyond. He urged the state’s lawmakers to scrutinise the budget proposal before its passage.
The Olubadan of Ibadanland, Oba Rashidi Ladoja; the Eleruwa of Eruwa, Oba Samuel Adegbola, and the Aseyin of Iseyin, Oba Sefiu Olawale, were among the dignitaries at the event.
