The Oyo State House of Assembly has passed the 2026 Appropriation Bill into law, approving a total budget of N892,085,074,480.79.
The bill was passed following the presentation of the report of the House Committee on Finance, Appropriation and State Economic Planning.
Oyo Governor Seyi Makinde, had on Monday, November 24th, 2025, proposed a total of N891,985,074,480.79 Appropriation Bill for the 2026 fiscal year before the State House of Assembly.
The figure was against the N684 billion approved by the lawmakers in the outgoing 2025 fiscal calendar.
The figure, about N100m more than the amount presented by the governor, was passed by the lawmakers less than one month after it was presented by the governor, building on the Assembly’s legislative culture of budget passage before the commencement of a new calendar year.
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Speaking shortly after the passage, the Member representing Egbeda State Constituency, and Chairman of the Committee on Finance, Appropriation and State Economic Planning, Olasunkanmi Babalola, described the moment as “historic,”. He emphasised the Assembly’s commitment to fiscal discipline, infrastructure development, and timely governance.
Babalola stated: “It was a total exercise across all ministries, departments, and agencies. We identified areas where funds could be better utilised, leading to a strategic reallocation of N2 billion from overhead to capital expenditure.”
The adjustment, according to him, reduced the overhead budget from N389 billion to N387 billion, while increasing capital expenditure to over N504 billion, signaling a deliberate shift toward developmental projects and long-term investments in the state’s infrastructure.
Babalola, who is the Deputy Leader of the House, assured citizens that the 2026 budget reflects the priorities of the people of Oyo State and will continue to deliver the dividends of democracy.
“We are the representatives of our people, and we are committed to ensuring that this budget translates into real impact across all constituencies. Our various House committees will embark on comprehensive oversight functions across all MDAs to ensure transparency and accountability,” Babalola said.
He noted that passing the budget before the end of the year has become a legislative culture in Oyo State, driven by the desire to ensure that the government hits the ground running from January 1.
“The national budget cycle runs from January to December. If we delay until February, we’re already behind. Our goal is a 24/7 budget that starts working from day one,” he said.
In response to recent concerns raised by Governor Seyi Makinde regarding indiscriminate waste disposal, Babalola confirmed that the Ministry of Environment and Natural Resources is a key beneficiary of the 2026 budget.
“Through the Committee on Environment, we will ensure that waste management and environmental sustainability are addressed effectively in 2026. Our role is to ensure a transparent and accountable budget that meets the needs of our people,” the lawmaker added..