Oyo Assembly receives Makinde’s request for N330bn budget realignment

Oyo State Governor Seyi Makinde has formally requested the State House of Assembly to approve a N330 billion budget realignment and supplementary appropriation. The governor's executive communication, presented during plenary by Speaker Adebo Ogundoyin, includes two bills: the Oyo State Supplementary and Realignment Appropriation Bill, 2026, and the Oyo State Supplementary Finance Bill, 2026.

Makinde stated that the realignment is crucial for the accelerated execution of key infrastructure projects and other priority government programs. He expressed confidence that the adjusted budget would ensure the uninterrupted progress of ongoing developmental projects throughout the state. The governor urged lawmakers to consider and approve the request expeditiously.

The proposed funding aims to facilitate the timely implementation and completion of strategic projects across various sectors. This includes major infrastructure works such as the Circular Road, Ido-Eruwa Road, Airport-Ajia-New Ife Expressway, Saki-Igboho Road, and the Apete-Awotan-Akufo Junction Road project. Additionally, funds are earmarked for the ongoing remodeling and upgrade of the Ladoke Akintola International Airport.

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Makinde said that the request for passage of the bills was to pave the way for accelerated execution of key infrastructure projects and other priority government programmes across the state.

The supplementary budget also covers expenditures for Government House construction, Consolidated Revenue Fund Charges, public debt servicing, loan repayments, gratuity payments, and preparations for the local government election scheduled for the third quarter of 2026. The request stems from submissions by various Ministries, Departments, and Agencies (MDAs) seeking additional allocations, which were approved by the State Executive Council based on recommendations from the Ministry of Budget and Economic Planning.

The bills have undergone their first and second readings in the House and have been referred to the House Committee on Finance, Appropriation, and State Economic Planning for detailed legislative scrutiny. The governor's letter indicated that funding requests were received from multiple entities, including 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.

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He urged the lawmakers to expeditiously consider and approve the request, expressing confidence that the budget adjustments would guarantee uninterrupted execution of ongoing developmental projects.