Oyo govt raises 2026 budget to N1.1trn

The Oyo State Government has increased its 2026 budget from N892 billion to N1.1 trillion.

This increment was announced in a statement issued by the Oyo State Commissioner for Information and Civic Orientation, Dotun Oyelade, on Wednesday, June 24, 2026.

Oyelade disclosed that the State Executive Council (SEC) approved the increase during its weekly meeting on Tuesday.

According to Oyelade, the approval is to meet the aspirations of the Seyi Makinde-led administration to complete all ongoing projects across the state before the end of the administration.

He disclosed that some ministries, departments, and agencies had requested a budget increase.

The commissioner stated that the council also approved the release of N8.7 billion to procure teaching and learning materials for primary and junior secondary schools across the state.

Oyelade noted the total cost of the project is N23 billion, stating that the money approved for release was the first tranche.

Oyelade said: “In accordance with UBEC Abuja, in collaboration with the World Bank, the textbooks to be purchased will be in Numeracy, Literacy, Mathematics, English Language, and Basic Science.

“Upon the successful procurement and distribution of the approved textbooks, Oyo State becomes eligible for a reward-based disbursement of US$2 per student per subject, in line with the project’s results-based financing arrangement.”

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The commissioner added that the council approved the payment of $250,000 to the African Continental Free Trade Area (AfCFTA) to provide the state a good footing in attracting investment in Africa.

He stated: “The council also approved the total sum of N5.9 billion for the implementation of the 2026 work plan of the Health Insurance and Food Security components of SAfER.

“SAfER was established by Governor Makinde in 2023 to cushion the economic impact of the removal of fuel subsidy by the Federal Government.

“As a result, transportation fares were reduced for workers, elderly people, and the vulnerable.

“Food was equally distributed, health insurance was established for pensioners, and the government also supported small-scale entrepreneurs.

“The council was convinced that this assistance should continue because the hardship being experienced by citizens has not abated.”