By Isaac Olufemi Ojo
The Oyo Governor Seyi Makinde presented a ₦1.1 trillion appropriation bill for the 2027 fiscal year to the State House of Assembly on Tuesday.
Christened the “Budget of Sustained Progress,” the budget marks the final fiscal presentation of Governor Makinde’s second term in office as his administration prepares to wind down.
The Governor presented the appropriation today at the House of Assembly, with major stakeholders, traditional rulers, and other guests in attendance.
Giving a breakdown of the estimates, the governor stated that ₦670 billion is earmarked for capital expenditure, while recurrent expenditure is pegged at ₦445 billion.
A sector-by-sector allocation revealed that infrastructure got the lion’s share with ₦236.1 billion, education follows closely with ₦190.5 billion, while the health sector received an allocation of ₦93.1 billion.
Details later…
