Oyo Assembly approves Makinde’s N330bn supplementary budget

The Oyo State House of Assembly has approved Governor Seyi Makinde’s request for a N330 billion budget realignment and supplementary appropriation.

The approval paves the way for accelerated execution of key infrastructure projects and other priority government programmes across the state.

The supplementary budget was transmitted by Governor Makinde to the House and read during plenary on Wednesday by the Speaker, Rt. Hon. Adebo Ogundoyin.

The State Supplementary and Realignment Appropriation Bill, 2026 and the Oyo State Supplementary Finance Bill, 2026 scaled first and second readings before being referred to the House Committee on Finance, Appropriation and State Economic Planning for detailed legislative scrutiny.

Governor Makinde, in his letter to the House explained that the request became necessary following submissions by several Ministries, Departments and Agencies (MDAs) seeking additional budgetary allocations to facilitate the timely implementation and completion of ongoing strategic projects across the state.

According to the Governor, the request was approved by the State Executive Council after considering recommendations of the Ministry of Budget and Economic Planning, which reviewed the funding needs of the affected MDAs in line with the administration’s Roadmap for Sustainable Development (2023–2027).

Governor Makinde stated that the additional expenditure would principally fund the completion of 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, as well as the ongoing remodelling and upgrade of the Ladoke Akintola International Airport.

The proposal also provides funding for ongoing construction works at the Government House, Consolidated Revenue Fund Charges (CRFC), public debt servicing, loan repayments, gratuity payments and preparations for the forthcoming Local Government elections expected to commence in the third quarter of 2026.

The Governor further disclosed that the requests for additional funding were received from the Ministry of Public Works and Transport, Oyo State Investment and Public-Private Partnership Agency (OYSIPPPA), Ministry of Finance, Office of the Executive Governor, Oyo State Independent Electoral Commission (OYSIEC), Ministry of Establishments and Training, Oyo State Road Maintenance Management Agency (OYSROMMA) and the Office of the Head of Service.

A breakdown of the proposal showed that the total additional expenditure amounts to N330 billion, comprising N35.5 billion for recurrent expenditure, representing 10.76 per cent, and N294.5 billion for capital expenditure, representing 89.24 per cent of the total proposal.

The proposal further indicated that N120 billion would be sourced through the realignment of existing capital allocations from MDAs with unspent budget provisions, while the remaining N210 billion would constitute a supplementary budget to be added to the State’s 2026 Appropriation Law.

With the Assembly’s concurrence, the 2026 Oyo State budget has increased from N892.09 billion to N1.102 trillion, representing an addition of N210 billion to the state’s fiscal framework for the year.

Governor Makinde had urged the lawmakers to expeditiously consider and approve the request, expressing confidence that the budget adjustments would guarantee uninterrupted execution of ongoing developmental projects, strengthen service delivery across critical sectors and sustain the administration’s infrastructure development drive.