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Oyo State Governor Unveils ₦891.9 Billion ‘Budget Of Economic Expansion’ For 2026.
Oyo State Governor, Seyi Makinde, on Monday presented a ₦891.9 billion budget estimate for the 2026 fiscal year to the Oyo State House of Assembly, outlining a spending plan aimed at driving a production-led economy.....KINDLY READ THE FULL STORY HERE▶
The governor was welcomed at the Assembly complex by lawmakers and notable traditional rulers who attended the presentation. The total budget figure stands at ₦891,985,074,480.79. Governor Makinde described the 2026 proposal, labeled the ‘Budget of Economic Expansion,’ as a framework prioritizing capital investment to enhance infrastructure, increase productivity, and stimulate economic growth.
He noted that 56.3% of the total budget is earmarked for capital expenditure, while 47.6% is allocated to recurrent spending. Sectoral allocations indicate that infrastructural development will receive ₦210.25 billion, representing 22.55% of the total budget. Makinde explained that this investment aims to consolidate ongoing projects and establish new economic corridors across the state.
Education received the second-highest allocation of ₦155.209 billion (17.40%), with the governor emphasizing the administration’s commitment to improving school infrastructure, teacher development, and access to quality education. The health sector was allocated ₦70.848 billion (7.94%), while agriculture received ₦19.98 billion (2.24%), reflecting the government’s focus on strengthening healthcare delivery and promoting food security through agricultural reforms and value-chain development.
In response, Speaker of the Oyo State House of Assembly, Adebo Ogundoyin, assured that the legislature would ensure transparency and accountability in the management of public funds, stressing that projects outlined in the budget are expected to positively impact residents’ lives.
The proposed budget is now pending legislative scrutiny and approval.
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Fani-Kayode Fires Warning: Peter Obi Will Dump Kwankwaso When It Matters Most
Nigerian ambassador-designate to South Africa, Femi Fani-Kayode, has accused former presidential candidate Peter Obi of being politically unreliable, alleging that he would eventually abandon former Kano State Governor Rabiu Kwankwaso.....KINDLY READ THE FULL STORY HERE▶
entertainment
AMVCA 2026 Shock: Funke Akindele Misses Out Despite Massive Online Hype
Nollywood actress and filmmaker Funke Akindele missed out on the Best Supporting Actress award at the 12th Africa Magic Viewers’ Choice Awards (AMVCA), losing to her colleague Linda Ejiofor for her performance in The Herd.....KINDLY READ THE FULL STORY HERE▶
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“It Is A Lie” — Lere Olayinka Debunks Claims Of Supreme Court Ruling Against Wike-Backed PDP Faction.
Lere Olayinka, Senior Special Assistant on Public Communications and Social Media to the Minister of the Federal Capital Territory (FCT), Nyesom Wike, has dismissed reports claiming that the Supreme Court nullified the Peoples Democratic Party (PDP) convention held in Abuja on March 29–30, 2026.....KINDLY READ THE FULL STORY HERE▶
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