Makinde Presents ₦1.115tn 2027 Budget To Oyo Assembly

Oyo State Governor, Seyi Makinde, has presented a proposed budget of ₦1.115 trillion for the 2027 fiscal year to the State House of Assembly for consideration and approval.

Tagged the “Budget of Sustained Progress”, the proposal is valued at ₦1,115,341,378,359.90.

Presenting the budget on Tuesday at the Assembly complex in Agodi, Ibadan, Makinde said it was designed to consolidate the gains of his administration and lay a foundation for sustainable development beyond its tenure.

He described it as the final budget proposal of his administration, saying it would sustain the state’s development momentum and ensure continuity after the transition to a new government.

“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 said the proposal prioritised infrastructure, community development and the strengthening of public institutions, with significant allocations for capital projects in health, education and road infrastructure.

He added that his administration was committed to leaving behind clear records, properly documented processes and institutions capable of sustaining efficient service delivery.

Highlighting his administration’s achievements, Makinde said Oyo State’s Internally Generated Revenue increased by 288 per cent, from ₦26.59 billion in 2019 to ₦103.25 billion in 2025.

He also noted that the state ranked third nationally in the 2025 Subnational Ease of Doing Business Assessment.

The governor said targeted interventions and partnerships had helped return about 65,000 out-of-school children to classrooms, alongside investments in educational infrastructure, recruitment and service delivery.

He, however, said the administration’s performance should be measured beyond revenue figures and rankings.

“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 inclusion in governance, pledging to sustain the 35 per cent affirmative action policy for women.

On infrastructure and agriculture, he said the government had prioritised strategic road projects to connect economic corridors, improve market access and create opportunities for farmers, businesses and rural communities.

He said the establishment of the Oyo State Agribusiness Development Agency had helped reposition agriculture as a viable business sector, while the Oyo State Agribusiness Transformation Centre had become a hub for agricultural investment.

According to him, the centre hosts 16 agribusinesses with investments valued at more than ₦20 billion, while over 30,000 farmers have been captured in the state’s agricultural database to improve planning and interventions.

He added that the Rural Access and Agricultural Marketing Project (RAAMP) was improving access to markets, agricultural productivity and rural economies.

In the health sector, the governor highlighted the induction of 3,933 newly recruited primary healthcare workers to strengthen service delivery and support investments in healthcare infrastructure.

He also said construction work on several ongoing projects would accelerate during the dry season following approvals by the Executive to accommodate increased project costs arising from inflation, exchange rate fluctuations and rising energy prices.

Makinde urged the Speaker and lawmakers to continue working with the Executive in the interest of residents and give the budget proposal expeditious consideration.

In his remarks, the Speaker of the Oyo State House of Assembly, Adebo Ogundoyin, commended the governor for what he described as remarkable achievements since the beginning of his administration.

Ogundoyin said the presentation marked the final budget cycle of the Omituntun 2.0 administration and provided an opportunity to consolidate seven and a half years of development across key sectors.

He listed investments in road construction and rehabilitation, school infrastructure, healthcare facilities, agriculture and workers’ welfare among the achievements of the administration.

The Speaker assured the governor that the Assembly would subject the proposal to thorough legislative scrutiny and give it the attention it deserved in the interest of the people.

The event was attended by a former governor of the state and the Olubadan of Ibadanland, Oba Rashidi Ladoja, among other dignitaries.