Makinde signs ₦684b Oyo 2025 budget into law

Governor Seyi Makinde of Oyo State signed a sum of ₦684 billion 2025 Appropriation Bill into law on Monday.

The ceremony took place at the Executive Chamber, Governor’s office, Agodi Ibadan, and was witnessed by the Speaker of the State House of Assembly, Adebo Ogundoyin; many lawmakers, and other top government functionaries.

Makinde while signing the budget into law, disclosed that all critical stakeholders, including the people of Oyo, were adequately carried from the inception till the end of the budget process.

The governor assured that the new ₦80,000 minimum wage has been captured in the 2025 budget and its implementation will commence by January of next year.

Makinde disclosed that the budget would commence in January next year and would cover the payment of the new minimum wage for workers and their 13th-month salary.

The governor noted that the collaboration among the three tiers of government has continually helped the progress of the state.

He added that the budget process which began in October this year targets 80 per cent performance, including transforming education, infrastructure, healthcare, and other sectors of the state.

The governor expressed optimism that the budget would foster growth, enhance infrastructure, and improve the livelihoods of residents.

He explained that the budget was a reflection of his administration’s commitment to sustaining economic stability and delivering inclusive development across all sectors.

Makinde had earlier presented a 2025 budget proposal of ₦678 billion to the state House of Assembly for their legislative scrutiny and approval. In November

However, the state legislature after its legislative considerations jacked up the budget by the sum of ₦6billion thereby, increasing the total budget from ₦678 billion to ₦684billion.

Earlier, the speaker of the Oyo State House of Assembly, Rt. Hon. Adebo Ogundoyin described the 2025 Budget 684billion naira as a blueprint of development, promising further positive legislative performance for the state.

“Let me state here that, the upward review of the budget from ₦678 billion to ₦684 billion is a deliberate effort to accommodate emerging priorities and critical projects that will drive economic growth, improve infrastructure, and enhance the overall quality of life for our citizens,” he said.

“The budget prioritises infrastructure and education, allocating the highest amounts to these critical sectors. The significant investment in infrastructure will undoubtedly enhance the state’s connectivity, facilitate economic growth, and improve the overall quality of life for our citizens.

“Notably, the State Government plans to embark on the repair of at least 100 dilapidated secondary schools across Oyo State, among other infrastructural developments.”