Oyo Governor Submits N1.12 Trillion Budget for 2027

Oyo State Governor Seyi Makinde submitted a N1.12 trillion fiscal plan for 2027 to the Oyo State House of Assembly in Ibadan. According to Premium Times, the appropriation bill, labeled the “Budget of Sustained Progress,” directs N670.03 billion toward capital investment and N445.31 billion to recurring costs. This distribution means that capital projects consume 60.07 percent of the total spending, while operational expenses account for the remaining 39.93 percent.

The sectoral breakdown reveals that infrastructure receives the largest share of N236.15 billion, or 21.17 percent of the total. Education obtains N190.53 billion, representing 17.08 percent, and healthcare secures N93.01 billion, or 8.34 percent. The energy and mineral resources sector gets N69.37 billion, while agriculture receives the smallest portion at N23.85 billion, equating to 2.14 percent. Premium Times reported that the governor stated the plan reflected consultations with residents across the state’s seven geopolitical zones.

Compared to the 2026 fiscal year, the 2027 proposal shows a modest increase. The initial 2026 budget stood at N891.99 billion, but a supplementary budget approved in September raised that year’s total provision to N1.102 trillion. Consequently, the proposed N1.115 trillion for 2027 is approximately 1.2 percent higher than the revised 2026 figure. Capital spending rose by about 33.2 percent from the 2026 proposal, while recurring costs increased by approximately 14.4 percent.

As this is the final annual appropriation bill of Makinde’s tenure, which ends on 29 May 2027, the governor acknowledged that his government will execute only part of the plan. Premium Times noted that Makinde, who is running for president on the Allied Peoples Movement ticket, explained that the incoming administration would handle the remainder of the fiscal year. He urged lawmakers to ensure any amendments reflected resident interests and emphasized the need for clear records and documented commitments to sustain public service delivery after the transition.