Oyo Assembly passes N210bn supplementary budget for infrastructure, works

The Oyo State House of Assembly has passed the Oyo State Supplementary Finance Bill, 2026, approving an additional N210bn to finance supplementary expenditure for the 2026 fiscal year.

The passage of the bill was effected during plenary on Thursday following the presentation and adoption of the report of the House Committee on Finance, Appropriation and State Economic Planning.

Presenting the committee’s report, its Chairman, Hon. Sunkanmi Babalola, said the bill was subjected to clause-by-clause consideration before it was presented to the House for approval.

He said the committee considered inputs from the Ministry of Budget and Economic Planning as well as projections contained in the Oyo State Government’s Medium-Term Expenditure Framework.

With the passage of the supplementary finance bill, the total provision under the 2026 Finance Law increased from N892,085,074,480.79 to N1,102,085,074,480.79.

The committee recommended that the additional N210bn be drawn from the Consolidated Revenue Fund of Oyo State for the year ending December 31, 2026, with the sources of funding contained in the schedule to the bill.

The development brings the state’s total approved financial provision for the 2026 fiscal year to more than N1.1tn.

Speaking with journalists after the plenary, Babalola said the approval demonstrated the commitment of the state legislature to supporting sustainable development and the provision of critical infrastructure across the state.

He explained that a significant portion of the supplementary allocation would be channelled towards infrastructural development, particularly ongoing projects being handled by the Ministry of Works.

“For example, the Ministry of Works has N210 billion as its supplementary allocation. We also have provisions for Oyo State’s investment in the upgrade of the Ladoke Akintola International Airport, which is ongoing,” Babalola said.

He added that the supplementary funding was also intended to support the completion of ongoing projects before the expiration of the tenure of Governor Seyi Makinde.

“As you can see, the vision of this administration is to ensure that all ongoing projects are completed before the end of the tenure of Governor Seyi Makinde,” he said.

Babalola said the House scrutinised the details of the supplementary budget before approving it, assuring that the lawmakers were satisfied with the provisions contained in the bill.

“And I can tell you, the House scrutinised every detail in the budget, and we are satisfied. That is why you are seeing us pass it into law this evening,” he added.

The supplementary finance law is expected to provide additional funding for priority infrastructure and other approved government programmes during the remaining months of the 2026 fiscal year.