Economy

OYHA Approves 2025 Capital Budget Proposals

By Mosope Kehinde

The Oyo State House of Assembly has approved the 2025 capital budget proposals of 33 local government areas in the state.

This became imperative ahead of the proposed financial autonomy for Local Governments.

The approval was made when the report of the House Committee on Local Government, Chieftaincy Matters and State Honours was presented by its Chairman, a member representing Lagelu constituency, Mr Akintunde Olatunde.

The budget approval was aimed at streamlining expenditures of all the 33 Local Government areas of Oyo State for probity and accountability to enable them to deliver on their mandates.

The committee urged all the Local governments to adhere to the approved capital expenditures so as to ensure compliance with the Constitution and the Local Governments Law.

The Speaker, Oyo State House of Assembly, Mr. Adebo Ogundoyin, said the approval of the local governments’ budget is a significant step towards promoting transparency and accountability in governance.

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