Oyo State Governor Seyi Makinde has proposed a N1.12 trillion appropriation bill for the 2027 fiscal year, with the budget titled 'Sustained Progress' aimed at building on the administration's existing projects. The proposal totals N1,115,341,378,359.90, comprising approximately N670.3 billion for capital expenditure, which represents about 60 per cent of the total estimates, while recurrent expenditure is projected at N445.3 billion, representing approximately 40 per cent.
The governor told the state House of Assembly in Ibadan that infrastructure takes the largest share at N236.15 billion, followed by education at N190.6 billion and health at N93.01 billion. Makinde said he prioritised infrastructural development to improve the state's facilities and services. He also highlighted improvements in the state's internally generated revenue, which he said grew from N26.95 billion in 2019 to N103.25 billion in 2026, and noted that his administration has returned 65,000 out-of-school children to classrooms.
The governor defended his administration's agricultural policies, including a tractorisation programme and the decision to privatise tractor services as efforts to boost productivity. He emphasised the need for prudent financial management to maintain the reforms and infrastructure established during his tenure. On recent resignations of political appointees and officials, Makinde said he was counting on those who had left but stressed their departures held no significance for his administration.
The Speaker of Oyo State House of Assembly, Adebo Ogundoyin, commended the executive for respecting constitutional democracy and maintaining cordial relations between government branches. Since June 2023, he said, the House has passed 41 bills into law, processed 146 committee reports, 184 motions and adopted over 1,500 resolutions. Ogundoyin highlighted legislation on issues including property protection, taxation, consumer protection, roads and plastic waste. He noted that Oyo became the first state assembly in Nigeria to establish a dedicated Post-Legislative Scrutiny Unit in January 2025.
The Speaker assured the governor that the Assembly would give the proposed budget appropriate legislative attention and scrutiny in the interests of Oyo residents. He also used the occasion to advocate for legislative support staff, presenting requests from the Parliamentary Staff Association of Nigeria for an upward review of salary structures, regularisation of temporary staff appointments and release of an approved bus for the association.