Oyo State Governor Seyi Makinde has laid before the House of Assembly a proposed budget of ₦891,985,074,480.79 for the 2026 fiscal year.
He described the figure as both ambitious and necessary for the state’s next phase of growth.
He explained that It is captured in full as eight hundred and ninety-one billion, nine hundred and eighty-five million, seventy-four thousand, four hundred and eighty naira, seventy-nine kobo.
The presentation, made on Monday in Ibadan at the state House of Assembly, outlined a spending plan that leans heavily on infrastructure, social services, and sustained economic expansion.
The governor told lawmakers that the proposal reflects ongoing commitments across education, healthcare, and rural development, while also pushing forward on major capital projects.
At the centre of Makinde’s plan is a capital vote of ₦502.65 billion, which indicates the administration’s continued emphasis on building and upgrading assets across the state.
Recurrent expenditure stands at ₦389.34 billion, combining personnel, overheads, and other routine obligations.
The breakdown puts 2026 Personnel cost at ₦156,385,612,074.34, overhead stood at ₦122,212,984,593.60, while other recurrent expenditure records ₦110,840,000,000.00.
Total recurrent stands ₦389,338,596,667.94 while Capital expenditure: ₦502,646,477,812.85.
Sectoral allocations reveal where the administration intends to place its biggest bets next year. Infrastructure once again takes the lead with ₦210.03 billion, about 23.5 percent of the entire budget.
Education follows with ₦155.21 billion or 17.4 percent, keeping the sector among the state’s top priorities. Health receives ₦70.85 billion representing 7.9 percent, while agriculture gets ₦19.99 billion, roughly 2.2 percent.
The remaining ₦435.91 billion, which accounts for 48.9 percent, is spread across other sectors including public administration, environment, commerce, community development, and security-related interventions.
Makinde assured lawmakers that the budget was crafted to keep Oyo State on a stable development path. He urged for quick consideration and passage, emphasising that timely approval would allow the government hit the ground running in January.
