The Oyo State House of Assembly has approved an upward review of the state’s 2025 budget, increasing it from ₦678 billion to ₦684 billion.
The approval followed the presentation of a report by the House Committee on Finance, Appropriation, and State Economic Planning, chaired by Hon. Sunkanmi Babalola, representing Egbeda State Constituency.
Governor Seyi Makinde had initially presented a budget proposal of ₦678.086 billion on November 13, 2024. However, the Assembly’s review raised the total budget to ₦684.149 billion, reflecting an increase of ₦6 billion to accommodate emerging priorities and critical projects.
The plenary session, presided over by the Speaker, Rt. Hon. Adebo Ogundoyin, highlighted the rationale behind the adjustment.
According to the Speaker, the upward revision aims to address critical needs, promote economic growth, and enhance infrastructure development. He noted, “The increase will help prioritize essential projects and initiatives that will significantly improve the well-being of our people.”
The approved budget will now reflect the state’s commitment to advancing development and meeting the demands of its citizens.
