Governor Seyi Makinde, has presented a sum of 678.06 billion naira to Oyo state House of Assembly for passage as the state’s 2025 budget.
Governor Makinde presented the proposed budget named “Economic Stabilization” during a special plenary presided over by Speaker, Honourable Adebo Ogundoyin.
The Governor, hinted that capital expenditure would get 343 billion naira at 50.59% while recurrent expenditure would gulp 335 billion naira at 49.41% of the budget which is 15% higher than last year’s.
Governor Makinde, said 145 billion naira would be allocated to education sector as the second highest percentage after Infrastructure which has 152 billion naira at 22.46%, Health would get 59 billion naira at 9% and Agriculture 18 billion naira at 3%.
The Governor who hinted that intending recruited teachers would benefit from 80 thousand naira minimum wage he recently announced, also pledged to extend upgrading of feeder roads in Ibadan, to other zones of the state in 2025.
Responding, Honourable Ogundoyin, who pledged swift passage of the bill, expressed satisfaction with success rate of 2024 budget, and charged Governor Makinde to build on the momentum to surpass the performance in 2025.