Oyo Receives ₦22 Billion from FAAC, Makinde Signs ₦18 Billion Salary Bill, Approves ₦1.8 Billion Wage Award

Oyo State Governor, Engineer Seyi Makinde, has lamented the impact of the Federal Government’s economic policies on Nigerians, disclosing that the state received ₦22 billion from the Federation Account Allocation Committee (FAAC) for September.

Makinde made the disclosure at the Stakeholders’ Consultative and Engagement Meeting on the 2027 Budget for Oyo State, where he also revealed that he had signed almost ₦18 billion salary bill and approved ₦1.8 billion for the payment of wage awards.

The meeting, organised by the Ministry of Budget and Economic Planning, was held at Olola Ogunlana Hall, International Conference Centre, University of Ibadan, Second Gate, Ibadan.

The governor’s disclosure highlighted the financial demands facing the state government as it prepares its 2027 budget amid prevailing economic challenges and concerns over the effects of the Federal Government’s policies on citizens.

According to the information provided, the state received ₦22 billion as its September FAAC allocation, while Makinde confirmed his administration’s commitments to salary payments and wage awards for workers.