Oyo State Governor, Seyi Makinde has presented a supplementary budget sum of ₦79,337,000,000.00 (Seventy Nine Billion, Three Hundred and Thirty-
Seven Million Naira) under the 2024 fiscal year to the Oyo state House of Assembly for legislative consideration and approval.
The Speaker, Rt. Hon. Adebo Ogundoyin disclosed this while reading a message from the executive on the floor of House during Tuesday’s plenary sitting.
The supplementary budget scaled through first reading and was subsequently committed to the House Committee on Finance, Appropriation, Budget and Economic Planning for further scrutiny.
Oyo state currently is currently implementating the 2024 Appropriation budget sum of over N438.4 billion which was approved by the House of Assembly and subsequently assented into law by Governor Makinde.
According to the governor’s message to the House, the supplementary budget would enable realigment of the recurrent and capital expenditure for the services of Oyo State in the year ending or the 31st day of December, 2024.