Oyo 2026 Budget: Makinde Rolls Out ₦891BN Plan for Growth and Expansion

Oyo State Governor, ’Seyi Makinde, on Monday presented a proposed 2026 Appropriation Bill totaling ₦891,985,074,480.27 to the Oyo State House of Assembly for scrutiny and approval.

Presenting the budget—aptly tagged “Budget of Economic Expansion”—Makinde described it as a strategic shift designed to position Oyo State for global market integration and sustained economic growth.

According to the governor, capital expenditure is projected at ₦502.8 billion (56.7%), while recurrent expenditure stands at ₦389.1 billion (43.3%).

The infrastructure sector takes the largest share with ₦210.02 billion, followed by education with ₦155.2 billion (17.4%). The health sector is allocated ₦70.8 billion (7.94%), while agriculture gets ₦19.9 billion (2.24%).

Makinde highlighted several flagship projects expected to drive the state’s economic transformation, including AfCFTA-focused initiatives, the Oluyole Free Trade Zone, Special Agricultural Zones, dry and logistics ports, the upgrading of Ladoke Akintola Airport, and the expansive 110km Rashidi Ladoja Circular Road linking key commercial corridors.

He noted that Oyo State will celebrate its 50th anniversary in February 2026, themed “Renewal: A celebration of where we have come from and where we are going,” emphasizing that the state’s greatest resource remains its people and their creativity.