Oyo State Governor, Seyi Makinde, on Wednesday, presented a proposed budget estimate of N678,086,767,322.18 to the state House of Assembly for legislative consideration and approval.
Makinde, while presenting the budget, tagged, “Budget of Economic Stabilisation,” said it was 35 per cent higher compared to the 2024 budget.
He said, “Out of the budget, capital expenditure gulped N349.29bn, representing 50.59 per cent while N325.57bn is allocated to recurrent expenditure, representing 49.41 per cent of the budget.
“Infrastructure sector gets the lion’s share of the budget with a sum of N152,265,859, representing 22.46 per cent, followed by education with a sum of N145,257,783,399 representing 21.44 per cent of the budget.
“Also, health got N59bn, which represents nine per cent while agriculture got N18bn, representing three per cent of the budget.”
He assured the citizens that his administration would continue to accord priority to their welfare.
The Speaker, Adebo Ogundoyin, promised the legislators’ commitment to working closely with the governor for the successful implementation of the 2025 budget.
“We pledge to conduct thorough oversight of all government arms in order to guarantee transparency, accountability and responsible allocation of resources.
“Let me assure you that we will set the ball rolling immediately to ensure swift passage of the appropriation bill.
“This, as usual, will translate to prompt implementation and execution of policies, as well as timely completion of all projects in the coming year,” he said.