By Isaac Olufemi
The Oyo State House of Assembly, on Wednesday, granted legislative approval to Governor Seyi Makinde’s request for a N330 billion budget realignment and supplementary appropriation. The move is aimed at accelerating the completion of critical infrastructure projects and funding other priority government programmes.
The approval followed the presentation of an executive communication by the Speaker, Rt. Hon. Adebo Ogundoyin, during the day’s plenary. The Oyo State Supplementary and Realignment Appropriation Bill, 2026, and the Oyo State Supplementary Finance Bill, 2026, quickly scaled first and second readings before being referred to the House Committee on Finance, Appropriation, and State Economic Planning for in-depth scrutiny.
In his letter to the House, Governor Makinde explained that the request was necessitated by submissions from various Ministries, Departments, and Agencies (MDAs) requiring additional funding to meet the timelines of ongoing projects. He noted that the State Executive Council approved the proposal in alignment with the administration’s Roadmap for Sustainable Development (2023–2027).
The additional funding is earmarked for major infrastructure projects, including the Circular Road, Ido-Eruwa Road, Airport-Ajia-New Ife Expressway, Saki-Igboho Road, and the Apete-Awotan-Akufo Junction road project. It also covers the ongoing upgrade of the Ladoke Akintola International Airport, as well as provisions for public debt servicing, gratuity payments, and the upcoming Local Government elections.
A breakdown of the N330 billion proposal reveals a focus on capital projects, with N294.5 billion (89.24 per cent) allocated to capital expenditure, while N35.5 billion (10.76 per cent) is earmarked for recurrent expenditure.
The fiscal plan involves N120 billion sourced through the realignment of unspent allocations from various MDAs, while the remaining N210 billion acts as a supplementary budget. With this concurrence, the state’s 2026 budget has been adjusted from N892.09 billion to N1.102 trillion.
Governor Makinde had earlier urged the lawmakers to treat the request with dispatch, assuring that the adjustments would ensure the uninterrupted execution of developmental projects and strengthen service delivery across the state.
