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Ibadan, Nigeria — Governor Seyi Makinde has officially signed the 2026 Appropriation Bill into law, marking a major milestone in Oyo State’s fiscal planning and governance ahead of the new year. The signing follows the passage of the bill by the Oyo State House of Assembly, which approved a total budget of approximately ₦892 billion for the 2026 fiscal year. (Punch Newspapers)
The ceremony, held at the Executive Council Chambers of the Governor’s Office in Ibadan on Monday, December 22, 2025, comes after lawmakers meticulously reviewed and passed the bill last week — ensuring the state’s budget is legally in place before the start of the new calendar year. (The Guardian Nigeria)
Budget of Economic Expansion
Governor Makinde initially presented the 2026 Appropriation Bill, tagged the “Budget of Economic Expansion,” to the State House of Assembly on November 24, 2025. The bill — estimated at ₦891,985,074,480.79 — was crafted to consolidate the state’s development gains and deepen economic productivity, inclusive growth, and infrastructure expansion. (The Guardian Nigeria)
The Legislature made minor adjustments to the proposal, resulting in a final budget size of about ₦892 billion, signalling continued emphasis on capital projects and strategic development across key sectors. (The Guardian Nigeria)
Officials, Dignitaries, and Expectations
Presiding over the signing event were several top state officials, including:
- Deputy Governor Bayo Lawal
- Speaker of the Oyo State House of Assembly, Rt. Hon. Adebo Ogundoyin
- Chief Judge of Oyo State, Justice Iyabo Yerima
Also present at the ceremony were the Alaafin of Oyo and the Olubadan of Ibadan, Oba Rashidi Adewolu Ladoja, alongside former deputy governors, members of the State Elders’ Council, labour leaders, traditional rulers, and other key political figures — underscoring broad stakeholder engagement in Oyo State’s fiscal agenda.
Forward-Looking Agenda
The legally enacted 2026 budget now provides the framework for government operations and development initiatives beginning January 1, 2026. It encompasses strategic investments in infrastructure, education, healthcare, agriculture, and economic empowerment — underlining Governor Makinde’s focus on building a competitive and people-centered economy.
As the Budget of Economic Expansion takes effect, residents and stakeholders await early implementation of priority projects designed to sustain and accelerate growth throughout Oyo State.
