By Iyabo Adebisi
Governor Seyi Makinde has signed the Oyo State 2025 Budget into law, with assurance that the budget would play a key role in the state’s economic prosperity.
Speaking at the signing ceremony held at the Executive Chamber, Governor’s office, Ibadan, Governor Makinde reassured the people of the state that his administration would continue to push for reforms, policies and economic civilization.
He expressed optimism that the signing of the 2025 Appropriation Bill of 684 billion naira would foster growth, enhance infrastructure, and improve the livelihoods of residents.
The governor said the new 80,000 naira minimum wage had been captured in the 2025 budget and its implementation would commence by January 2025.
Governor Makinde called for continued support for his administration, pledging that his government would continue to be transparent in its dealings.
Earlier, the Speaker, Oyo State House of Assembly, OSHA, Mr Adebo Ogundoyin, said the upward review of the budget from 678 billion naira to 684 billion naira was a deliberate effort to accommodate emerging priorities and critical projects.
Mr Ogundoyin said the emerging priorities and critical projects would drive the state’s economic growth, improve infrastructure, and enhance the overall quality of life of citizens.
The speaker said the lawmakers were committed to working collaboratively with other arms of government to implement policies and programmes for economic growth.
The governor had on November 13 presented a 2025 budget proposal of 678 billion naira to the Oyo State House of Assembly for approval.
The state legislature after its legislative considerations jacked up the budget by an additional 6 billion naira, which raised the total budget to 684 billion naira.
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