Oyo Governor Seyi Makinde presented a budget estimate of N678,086,767,332.18billion for the 2025 financial year before the Assembly on Wednesday.
The Governor said the ‘budget of stabilisation’ is to build on the 2024 budget of economic recovery.
He said the figure is about 35 percent higher than the 2024 budget, noting that the plan is to spend a little over 50% of the proposed budget on capital expenditure while about 49% goes into recurrent expenditure
While the capital expenditure stands at N343, 028, 948, 216. 20 billion, which is 50.59% of the budget, the recurrent expenditure is put at N335,057,819,115. 98 which is 49.41% of the budget.
According to the estimate, the topmost four sectors include: infrastructure which gets the highest budgetary allocation (22.46%), Education gets the second highest allocation (21.44%), health gets nine percent while agriculture gets three percent.
