Oyo State Governor, Engineer Seyi Makinde, is scheduled to sign the 2026 Appropriation Bill, valued at approximately N892 billion, into law on Monday, December 22, 2025.
The signing ceremony will take place at 10:30 a.m. in the Executive Council Chambers of the Governor’s Office in Ibadan.
It follows the Oyo State House of Assembly's passage of the bill last week after thorough review and minor adjustments to the original proposal.Governor Makinde initially presented the Budget of Economic Expansion on November 24, 2025, with an estimate of ₦891.985 billion.
The Assembly increased it slightly to N892 billion by reallocating funds, including transferring N2 billion from overhead costs to capital expenditure to prioritise infrastructure development.
The budget emphasises economic growth, with a significant portion allocated to capital projects. Key sectors highlighted in the proposal include:Infrastructure:
Leading allocation to support major projects.
Education
Health
Agriculture
A host of dignitaries are expected to attend the ceremony, including:
Deputy Governor Barr. Abdulraheem Bayo Lawal
Speaker of the House of Assembly Rt. Hon. Adebo Ogundoyin
Chief Judge of Oyo State Justice Iyabo Yerima
Former deputy governors
Traditional rulers
PDP state chairman
Labour leaders
Other political and community figures
This timely signing underscores the administration's commitment to fiscal discipline and early implementation of projects starting January 2026, building on the successes of previous budgets.
Click to signup for FREE news updates, latest information and hottest gists everyday
Advertise on NigerianEye.com to reach thousands of our daily users
No comments
Post a Comment
Kindly drop a comment below.
(Comments are moderated. Clean comments will be approved immediately)
Advert Enquires - Reach out to us at NigerianEye@gmail.com