Oyo State Governor, ‘Seyi Makinde, has presented a ₦1.115 trillion budget proposal for the 2027 fiscal year to the State House of Assembly, pledging to consolidate his administration’s achievements and establish sustainable institutions ahead of the transition to a new government.
The proposed budget, tagged “Budget of Sustained Progress,” is estimated at ₦1,115,341,378,359.90, representing the final appropriation bill of the Makinde administration.
Presenting the proposal on Tuesday, November 10, 2026, at the Assembly Chamber, Secretariat, Agodi, Ibadan, the governor said the budget was designed to sustain the state’s development momentum, strengthen public services and ensure continuity of ongoing programmes beyond the expiration of his tenure on May 29, 2027.
Makinde said the proposal prioritised infrastructure development, community development and the establishment of strong, accountable institutions, with significant allocations for capital projects in the health, education and road infrastructure sectors.
“As we prepare to hand over the baton to the next administration, we bring before you the 2027 Budget of Sustained Progress. It is designed to consolidate our gains, sustain public services and carry our state’s development forward through the transition period and beyond,” he said.
The governor stressed that his administration was committed to leaving behind clear records, properly documented processes and institutions capable of sustaining efficient service delivery through continuity and strategic partnerships.
Highlighting the administration’s economic performance, Makinde disclosed that Oyo State’s Internally Generated Revenue (IGR) had increased by 288 per cent, from ₦26.59 billion in 2019 to ₦103.25 billion in the 2025 fiscal year.
He also announced that the state ranked third nationally in the 2025 Subnational Ease of Doing Business Assessment.
On education, the governor said targeted interventions and strategic partnerships had facilitated the return of approximately 65,000 out-of-school children to classrooms, alongside substantial investments in school infrastructure, personnel recruitment and service delivery.
He, however, maintained that the success of his administration should not be measured solely by revenue growth and national rankings but by its impact on residents and the institutions established to serve them.
“Figures alone cannot fully assess our administration. The real measure of success is the impact we have made on the lives of our people and the institutions we have built to serve them beyond May 29, 2027,” he said.
Makinde also reaffirmed his administration’s commitment to women’s participation in governance, assuring that the state would sustain the 35 per cent affirmative action policy for women.
On infrastructure and agriculture, he explained that strategic road projects had been prioritised to connect economic corridors, improve access to markets and create opportunities for farmers, businesses and rural communities.
He attributed part of the state’s agricultural development to the establishment of the Oyo State Agribusiness Development Agency, which he said had helped reposition agriculture as a viable business sector.
The governor further disclosed that the Oyo State Agribusiness Transformation Centre had attracted 16 agribusinesses with investments valued at more than ₦20 billion.
He added that over 30,000 farmers had been captured in the state’s agricultural database to improve planning and the delivery of targeted interventions.
According to him, interventions under the Rural Access and Agricultural Marketing Project (RAAMP) were also improving access to markets, enhancing agricultural productivity and stimulating economic activities in rural communities.
In the health sector, Makinde highlighted the induction of 3,933 newly recruited primary healthcare workers, describing the initiative as part of efforts to strengthen service delivery and maximise investments in healthcare infrastructure across the state.
He also assured lawmakers that construction activities on several ongoing projects would accelerate during the current dry season following approvals secured by the Executive to accommodate increased project costs arising from inflation, exchange rate fluctuations and rising energy prices.
The governor appealed to the Speaker and members of the House to sustain their partnership with the Executive Arm of Government and give the budget proposal expeditious consideration and approval in the interest of Oyo State residents.
In his response, the Speaker of the Oyo State House of Assembly, Rt. Hon. Adebo Ogundoyin, commended Makinde for what he described as remarkable achievements since the commencement of his administration.
Ogundoyin described the presentation as a historic moment, noting that the 2027 proposal represented the final budget cycle of the Omituntun 2.0 Administration and an opportunity to consolidate seven and a half years of transformation across critical sectors of the state’s economy.
He listed road construction and rehabilitation, school infrastructure, healthcare facilities, agricultural development and workers’ welfare among the areas that had witnessed sustained investments under the current administration.
The Speaker assured the governor that the House would subject the proposal to thorough legislative scrutiny and give it the attention it deserved in the overriding interest of the people of Oyo State.
The budget presentation was attended by the former governor of Oyo State and Olubadan of Ibadanland, Oba (Sen.) Rashidi Ladoja; Deputy Governor, Barr. Bayo Lawal; former Deputy Governor, Engr. Hamid Gbadamosi; former Speaker of the House, Senator Monsurat Sunmonu; Chief Judge of Oyo State, Hon. Justice Iyabo Yerima; and the gubernatorial running mate of the Allied Peoples Movement (APM), Engr. Mufutau Open-Salawu.
Other dignitaries included the Secretary to the State Government, Prof. Musibau Babatunde; Chief of Staff to the Governor, Bashorun Akinwole Akinwale; Head of Service, Dr. (Mrs.) Adenike Fashina; Deputy Chief of Staff, Hon. Kazeem Adeniyi; and Chairman of the Oyo State Elders’ Council, Dr. Saka Balogun.
Members of the Oyo State Advisory Council, commissioners, local government chairmen, traditional rulers, religious leaders, labour leaders, party members and other senior government officials were also present.
