Oyo State Governor, Seyi Makinde, on Tuesday presented a proposed budget of ₦1.12 trillion for the 2027 fiscal year to the State House of Assembly, describing it as the Budget of Sustained Progress, aimed at consolidating his administration’s achievements and sustaining the state’s development trajectory.
The proposed budget, which stands at ₦1,115,341,378,359.94, is expected to prioritise capital investment, infrastructure development and the delivery of essential public services across the state.
Presenting the estimates before lawmakers, Makinde explained that the proposal was informed by consultations with stakeholders and residents across the state’s administrative and political zones, adding that their needs, concerns and expectations had been reflected in the government’s spending priorities.
According to him, ₦670,030,943,646, representing 60.07 per cent of the total expenditure, has been allocated to capital projects, while ₦445,310,434,739, representing 39.93 per cent, is earmarked for recurrent expenditure.
He explained that the allocation translates to approximately 60 per cent of every ₦100 proposed in the budget being committed to capital investment.
The governor, however, stressed that infrastructure development must be complemented by adequate investment in human resources and essential public services, noting that schools require teachers, hospitals need healthcare professionals, medicines and equipment, while public institutions must be adequately staffed and equipped to function effectively.
Makinde also emphasised the need to sustain his administration’s development policies beyond the expiration of his tenure, describing the proposed continuity agenda as Omituntun 3.0.
He expressed confidence that the candidates recommended to sustain his administration’s development philosophy would continue the vision, stressing that political differences should not be allowed to undermine the progress recorded in the state.
“While political parties may contest elections and some may emerge victorious while others lose, our overriding concern is to ensure that the development of the state does not suffer a setback,” he said.
He added that the continuity agenda would be presented to the incoming administration to ensure that the development process continued beyond 2027.
Earlier, lawmakers representing different constituencies across the state took turns to commend the governor’s leadership, describing his administration as visionary, inclusive and people-oriented.
The Majority Leader of the House, Sanjo Adedoyin, recalled the economic challenges confronting residents before the present administration assumed office in 2019, arguing that the situation had improved significantly under Makinde’s leadership.
Adedoyin said the economic hardship at the time was so severe that churches and philanthropists had to distribute food items to households to cushion its effects.
Similarly, Gbenga Oyekola commended the governor for infrastructural interventions in Oyo Federal Constituency, particularly the rehabilitation of roads connecting various communities and improving transportation and economic activities.
Another lawmaker applauded the administration for rehabilitating at least 26 inner roads in Ogbomoso, describing the projects as significant interventions that had improved mobility within the ancient city.
The lawmakers also acknowledged the state government’s investment in Ladoke Akintola University of Technology (LAUTECH), particularly the acquisition of sole ownership of the institution by the Oyo State Government, describing it as a major milestone in the state’s education sector.
Other legislators highlighted improvements in infrastructure, education, healthcare and public welfare, while commending the governor’s emphasis on meritocracy and the creation of opportunities for individuals without established political connections to occupy positions of responsibility.
The proposed 2027 budget comes against the backdrop of an expanded 2026 fiscal provision.
The state’s original 2026 Budget of Economic Expansion stood at ₦891,985,074,480.79, with ₦502,846,477,812.85, representing 56.37 per cent, allocated to capital expenditure, while ₦389,138,596,667.94, representing 43.63 per cent, was earmarked for recurrent expenditure.
However, following the approval of a ₦210 billion supplementary budget by the State House of Assembly in September 2026, the total financial provision for the 2026 fiscal year increased to ₦1,102,085,074,480.79.
If approved, the 2027 budget will provide the financial framework for the final phase of Makinde’s administration, with emphasis on infrastructure development, stronger public institutions, improved service delivery and the consolidation of achievements recorded since 2019.
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