Makinde’s N330bn supplementary budget scales second reading at Oyo Assembly
The Oyo State House of Assembly on Wednesday passed for second reading Governor Seyi Makinde’s request for a N330 billion supplementary budget and budget realignment designed to accelerate the execution of key infrastructure projects and other priority programmes across the state.
The proposal was conveyed to the lawmakers through an executive communication from the governor, which was read during plenary by the Speaker of the House, Rt. Hon. Adebo Ogundoyin.
Following its presentation, the Assembly gave both the Oyo State Supplementary and Realignment Appropriation Bill, 2026 and the Oyo State Supplementary Finance Bill, 2026 their first and second readings, marking the commencement of legislative scrutiny of the proposed budget adjustment.
In the communication, Governor Makinde explained that the supplementary appropriation became necessary following requests from several Ministries, Departments and Agencies (MDAs) for additional funding to facilitate the timely completion of ongoing strategic projects and government programmes.
He noted that the proposal had earlier received the approval of the State Executive Council after the Ministry of Budget and Economic Planning reviewed the funding requirements of the affected MDAs in line with the administration’s Roadmap for Sustainable Development (2023–2027).
According to the governor, the additional funds will primarily support the completion and advancement of major infrastructure projects, including the Circular Road, Ido-Eruwa Road, Airport-Ajia-New Ife Expressway, Saki-Igboho Road and the Apete-Awotan-Akufo Junction Road.
Other projects and obligations captured in the proposal include the ongoing upgrade and remodelling of the Ladoke Akintola International Airport, construction works at the Government House, Consolidated Revenue Fund charges, public debt servicing, loan repayments and gratuity payments.
The proposal also makes provision for preparations for the forthcoming local government elections expected to commence in the third quarter of 2026.
Makinde identified the agencies seeking additional allocations as the Ministry of Public Works and Transport, Oyo State Investment and Public-Private Partnership Agency (OYSIPPPA), Ministry of Finance, Office of the Executive Governor, Oyo State Independent Electoral Commission (OYSIEC), Ministry of Establishments and Training, Oyo State Road Maintenance Management Agency (OYSROMMA), and the Office of the Head of Service.
A breakdown of the proposed N330 billion package shows that N35.5 billion, representing 10.76 per cent, is earmarked for recurrent expenditure, while N294.5 billion, representing 89.24 per cent, is allocated to capital projects.
The funding plan indicates that N120 billion will be sourced through the realignment of existing budgetary allocations from MDAs with unutilised provisions, while the remaining N210 billion will be provided as a supplementary appropriation to the state’s 2026 budget.
The accompanying Supplementary Finance Bill seeks legislative approval to draw the N210 billion supplementary expenditure from the Consolidated Revenue Fund of Oyo State for the 2026 fiscal year.
If approved by the Assembly, the supplementary appropriation will increase the state’s 2026 budget from N892.09 billion to approximately N1.102 trillion.
Governor Makinde urged the lawmakers to expedite consideration of the proposal, stating that the budget adjustment is critical to ensuring the uninterrupted execution of ongoing developmental projects, improving service delivery and sustaining the administration’s infrastructure-driven development agenda.
Source: Westernmirror