The Oyo State House of Assembly, on Thursday, approved the ₦299.8 billion supplementary budget as presented by the Executive Arm of the government, increasing the state’s total 2025 budget size “from ₦684.1 billion to ₦984 billion.”
It has also proceeded on a working recess to monitor the ongoing developmental projects in their various constituencies across the state.
The PUNCH reports that Governor Seyi Makinde presented the 2025 budget of ₦684.1 billion late last year, which has since been passed into law.
The Assembly stated that the approval of the supplementary budget was necessitated by the government’s commitment to infrastructural development in the 33 Local Government Areas of the state.
Chairman of the House Committee on Budget, Finance and Appropriation, Sunkanmi Babalola, confirmed this development to journalists after the plenary session.
Babalola, who represented Egbeda State Constituency, said the supplementary budget became necessary to accommodate several critical expenditures that were not initially captured in the 2025 budget.
He said, “The supplementary budget will take care of the funds approved for the reconstruction of the Government House, workers’ pensions and provisions for a new national minimum wage.
“The reality of the state’s financial obligations in the current fiscal year required a reassessment.
“This supplementary appropriation reflects the dynamic nature of governance and the need to respond to emerging priorities.
“The approved supplementary budget increase is a move to strengthen infrastructural development and social welfare across the state amid rising economic demands and inflationary pressures.
In another development, the Assembly has proceeded on a working recess to enable the lawmakers to carry out the oversight function of monitoring developmental projects in their various constituencies.
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