The Executive Governor of Oyo State, His Excellency Engr. ‘Seyi Makinde, on Monday presented a budget estimate of Eight Hundred and Ninety-One Billion, Nine Hundred and Eighty-Five Million, Seventy-Four Thousand, Four Hundred and Eighty Naira, Seventy-Nine Kobo (₦891,985,074,480.79) for the 2026 financial year before the Oyo State House of Assembly.
Makinde, who described the fiscal proposal as the Budget of Economic Expansion, noted that it is designed to build on the gains achieved in the 2025 budget cycle.
According to him, the Budget of Economic Expansion focuses on transforming stability into opportunity for accelerated development across the state.
Total Budget: ₦891,985,074,480.79
(Eight Hundred and Ninety-One Billion, Nine Hundred and Eighty-Five Million, Seventy-Four Thousand, Four Hundred and Eighty Naira, Seventy-Nine Kobo)
Recurrent Expenditure:
- Personnel: ₦156,385,612,074.34
- Overhead: ₦122,212,984,593.60
- Other Recurrent: ₦110,840,000,000.00
- Total Recurrent: ₦389,338,596,667.94
Capital Expenditure: ₦502,646,477,812.85
Grand Total: ₦891,985,074,480.79
Sectoral Composition of the 2026 Budget
- Infrastructure: ₦210,025,443,802.16 — 23.5%
- Education: ₦155,209,617,317.20 — 17.4%
- Health: ₦70,849,163,558.07 — *7.9%
- Agriculture: ₦19,987,210,324.16 — 2.2%*
- Others (multi-sectoral allocations): ₦435,913,639,479.19 — 48.9%
Total: ₦891,985,074,480.79
