Oyo State Gov. Seyi Makinde presented a ₦1.115 trillion budget proposal for 2027 on Nov. 10, with the full-year plan extending beyond his May handover to a successor administration. In his budget presentation speech, Makinde called it the “Budget of Sustained Progress” and said it covered the full financial year.
The proposal sets capital expenditure at ₦670.03 billion, or 60.07% of the total. Recurrent spending accounts for ₦445.31 billion, or 39.93%. Makinde placed the proposal before the state Assembly for consideration.
Infrastructure has the largest sector allocation, at ₦236.15 billion, or 21.17% of proposed spending. Education is allocated ₦190.53 billion, or 17.08%, and health ₦93.01 billion, or 8.34%. The proposal assigns ₦69.37 billion to energy and mineral resources, equal to 6.22%, and ₦23.85 billion to agriculture, or 2.14%.
Makinde said the plan followed consultations across Oyo State’s seven geopolitical zones. He described it as a way to sustain public services and continue development through the change in administrations. His speech says recurrent spending would fund the personnel and resources needed to operate schools, hospitals and other public institutions.
Makinde called it his final budget presentation, while distinguishing that presentation from the full-year budget. “This will be our final budget presentation, but the budget itself covers a full financial year,” he told lawmakers. Makinde said his administration would carry out part of the plan before he leaves office on May 29, 2027; the incoming administration would take responsibility for what remains.
The Assembly is to consider the proposal, but Makinde’s speech did not give a date for its next decision. It listed sector totals without individual project schedules, leaving the proposed allocations without a project-by-project timetable in the presentation.
