Oyo State Governor Presents N1.115trn 2027 Budget, Focuses on Infrastructure and Education

Oyo State Governor, Seyi Makinde, has presented a proposed N1.115 trillion budget for the 2027 fiscal year to the State House of Assembly. The budget, tagged “Budget of Sustained Progress”, earmarks N670.3 billion for capital expenditure, representing about 60 per cent of the total estimates. This marks the final annual appropriation bill to be presented by Makinde, whose second term in office is expected to end in 2027.

The proposed expenditure prioritizes infrastructure, education, and healthcare. Infrastructure has the largest sectoral allocation of N236.1 billion, representing 21.1 per cent of the total budget. Education is allocated N190.5 billion, representing 17.08 per cent, while the health sector is to receive N93.1 billion, accounting for 8.34 per cent. These allocations reflect the administration's focus on key sectors driving the state's development.

The presentation took place during a special plenary session at the Parliament Building, Secretariat, Ibadan. Speaker of the House, Adebo Ogundoyin, described the occasion as significant, noting that it marked the final budget cycle of the Makinde administration. He emphasized the importance of consolidating achievements, sustaining development programs, and strengthening the foundation for sustainable growth in the state.

The 10th Assembly, inaugurated in June 2023, has been actively engaged in legislative activities. The Assembly has passed 41 bills into law, considered 146 committee reports and 184 motions, and adopted over 1,500 resolutions on issues relating to the welfare, security, and development of the state. The Speaker highlighted the establishment of the Post-Legislative Scrutiny (PLS) Unit in January 2025 as a major institutional achievement.

The PLS Unit has examined the Oyo State Open Rearing and Grazing Regulation Law, 2019, and the Oyo State Security Network Agency Law, 2020, to assess their implementation and identify challenges. Recommendations from the scrutiny of the open rearing and grazing regulation law have informed an amendment bill, which has passed second reading in the House. The Assembly has also commenced a similar exercise on the Oyo State Sexual and Gender-Based Response Agency and Referral Law.

On security, Ogundoyin said the House organized a security summit involving relevant stakeholders to examine the security situation in the state and consider possible solutions. He assured the governor that the Assembly would subject the proposed 2027 budget to thorough legislative scrutiny, with the interest of the people guiding its consideration. The governor had previously indicated that his administration expected to implement at most 30 per cent of the proposed budget before leaving office.

The Makinde administration has emphasized the importance of sustaining infrastructure investments and ensuring that the state's development programs continue beyond his administration. The governor stressed the need for prudent financial management to maintain the reforms and infrastructure established by his government. The 2027 budget provides an opportunity for the state to consolidate its achievements and set a foundation for sustainable growth.

Key points

• The budget allocates N670.3 billion for capital projects, with a focus on infrastructure, education, and healthcare.
• The 10th Assembly has passed 41 bills into law and considered 146 committee reports since its inauguration in June 2023.
• The Post-Legislative Scrutiny Unit has examined two laws and informed an amendment bill to improve implementation and address challenges.