Oyo state governor, Seyi Makinde has presented a budget estimate of 678.08 billion naira to the Oyo state house of assembly.
According to the budget estimate, 343 billion goes for Capital expenditure which is 50.59 percentage of the budget while 335 billion naira is budgeted for recurrent expenditure, which represents 49.4 percentage of the total budget.
Governor Makinde said 152 Billion naira is to take care of the infrastructure development of the state, taking the largest percentage of the budget with 22.4%.
Education takes 145 billion at 21 percentage of the total budget. Health takes 59 billion at 9 percentage while the agricultural sector takes 18 billion at 3 percentage.
Governor Makinde further said the 2025 budget proposal is 35 percent higher than last year’s budget.
Details later……