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Governor Seyi Makinde to Unveil 2026 Budget Proposal to Oyo State Assembly
On Monday, November 24, 2025, Governor Seyi Makinde of Oyo State is scheduled to formally submit the 2026 Appropriation Bill to the State House of Assembly. This presentation marks the seventh consecutive budget proposal since he assumed office in 2019.
Inclusive Budget Planning Through Community Engagement
In preparation for the upcoming fiscal year, the state government recently conducted extensive Stakeholders’ Consultative and Engagement Sessions across all seven geopolitical zones of Oyo State. These forums were designed to gather input from residents, ensuring that the 2026 Budget aligns with the priorities and needs of the local communities.
Finalization of Budget Estimates by State Authorities
The Treasury Board Meeting, involving the Executive Council alongside various Ministries, Departments, and Agencies, concluded on Monday with a comprehensive review of the budget estimates. Following this, Governor Makinde is set to present the finalized budget to the lawmakers for approval.
Looking Ahead: Strategic Focus and Fiscal Outlook
As Oyo State continues to prioritize infrastructural development, education, and healthcare, the 2026 budget is expected to reflect these commitments. Recent data indicates that the state’s internally generated revenue has increased by 12% in the past year, providing a stronger financial base to support these initiatives. For instance, similar states have successfully leveraged participatory budgeting to enhance transparency and public trust, a model Oyo State is keen to emulate.
