Oyo State Governor, Seyi Makinde, has presented a proposed ₦1.115 trillion budget for the 2027 fiscal year to the Oyo State House of Assembly, outlining plans to strengthen infrastructure, education, healthcare and economic development across the state.
The proposed budget places significant emphasis on capital expenditure, with ₦670.3 billion earmarked for capital projects, representing a major portion of the state’s planned spending.
The budget presentation is part of the state government’s preparations for the 2027 financial year, as it seeks to continue ongoing development projects and introduce new programmes aimed at improving residents’ living conditions.
Makinde disclosed that infrastructure received the largest sectoral allocation of ₦236.15 billion, representing 21.17 per cent of the total budget. Education was allocated ₦190.53 billion, while healthcare received ₦93.01 billion.
Other areas, including energy, agriculture and community development, are also expected to benefit from the proposed spending plan.
The governor described the proposal as his administration’s final annual budget before leaving office on May 29, 2027. He explained that his government would implement part of the budget before handing over responsibility for the remaining months to the incoming administration.
He also noted that the proposal was developed following consultations across the state’s seven geopolitical zones to identify residents’ needs and priorities.
The Oyo State House of Assembly is expected to scrutinise the proposal before deciding on its approval.
The proposed budget is expected to play an important role in determining the direction of development projects and public spending in Oyo State during 2027.
