By Iyabo Adebisi
Oyo State governor, Engineer Seyi Makinde has signed over ₦892 billion into law for the 2026 fiscal year.
The budget signing-in ceremony was held at the Executive Council Chambers of the Governor’s Office, Secretariat, Ibadan.
Signing-in the budget tagged:” Budget of Expansion”Governor Makinde said the state employed a realistic budget to deemphasised consumption rather than production.
He reiterated that the state is poised to be productive, expand the economy and depend less on the federal government’s allocation to bring development to the state
The governor said by the middle of the year, if there is windfall, his administration would not hesitate to push the budget to a trillion naira with proposed supplementary budget to the Oyo State House of Assembly.
In a remark, the Speaker, Oyo State House of Assembly, Debo Ogundoyin, said the 2026 Budget, of N892.08 is bold, inclusive, and strategic.
According to the speaker, the budget places clear emphasis on critical sectors such as infrastructure, education, healthcare, agriculture, youth development, and environmental sustainability, areas that directly impact the quality of life of our people.
Mr Ogundoyin lauded Makinde for his unwavering commitment to timely governance, fiscal transparency, and people-centered leadership.
Mr Ogundoyin noted that the swift assent to the budget just days after its passage by the legislature demonstrates a shared vision between the executive and the legislature.
Earlier, the state’s Commissioner for Budget and Economic Planning, Professor Musibau Babatunde said the 2026 budget is people oriented based on science, logic and data to bring dividends of democracy to the people.
Present at the budget signing-in ceremony included, the Olubadan of Ibadan, Oba Rashidi Ladoja, Alaafin of Oyo, Oba Abimbola Owoade, and former Speaker, Oyo State House of Assembly, Senator Monsurat Simone.
Recalled, the governor Makinde had, on November 24, 2025, presented the 2026 Budget proposal christened the Budget of Economic Expansion, to the Assembly, with a total estimate of ₦891,985,074,480.79.
Follow us on Telegram and YouTube, and join our WhatsApp Update Group for more news updates.
