Oyo Gov’t Says 2025 Budget Will Reflect Stakeholders’ Submissions

  Oyo State government, has concluded the year 2025 Budget Planning Consultative Meetings held across the six geo-political zones of the State. Governor ‘Seyi Makinde, while speaking at the closing ceremony of the sixth zonal stakeholders’ consultative engagement in Ibarapa zone, assured that the submissions of stakeholders at the meetings would reflect in the 2025 budget. The Governor, who was represented by the Commissioner for Local Government and Chieftaincy Matters, Hon. Ademola Ojo, said that the government is not relenting in its efforts to make farming more profitable for farmers in the state. Governor Makinde noted that his administration had supported farmers across the 33 local government areas of the state with farm inputs and fertilizer for improved farm yields during the planting season. He called on farmers who are yet to identify with a recognized farmers’ association to do so, promising that more benefits and support await them. On education, the governor emphasized the need for anyone not to play politics of any form with education for the development of the sector. He assured the people of the zone that successful applicants in the ongoing teachers recruitment would be employed in due course, adding that his administration will not compromise standards in the recruitment process. Governor Makinde reiterated the commitment of his administration to security of lives and property, while admonishing the residents of the state to assist the government and security agencies with useful information in relation to security challenges in their localities for security personnel to act accordingly. Earlier in his address, the Commissioner for Budget and Economic Planning, Prof. Musibau Babatunde appreciated the people of the zone for their cooperation and understanding. He admonished them to contribute more to the development of their zone particularly the education and agricultural sectors.

Oyo Assembly Receives Makinde’s Supplementary Budget

  The Oyo State House of Assembly has taken the first reading of the Finance Bill, 2024 of the supplementary budget of seven nine billion, seven hundred and thirty million naira (N79,730,000,00:00) only. The bill was read on Tuesday the plenary session presided over by the Speaker, Hon. Adebo Ogundoyin. The House also considered the first reading of Oyo State Supplementary Appropriation Realignment Bill, 2024. The bills were contained in the two letters forwarded to the House by Governor Seyi Makinde. Hon. Ogundoyin said the supplementary and realignment became necessary to address emerging priorities in the context of the current economic challenges and ensure effective implementation of critical key projects across the state. According to him, it will also take cognizance of the payment of the newly approved minimum for the state civil and public service. If the supplementary budget eventually passed, the 2024 budget will now increase from four hundred and thirty-eight billion, four hundred and forty-seven million, eight hundred and seventy-eight thousand, five hundred and forty-eight naira, thirty-nine kobo only (#438,447,878,548.39) to five hundred and seventeen billion, seven hundred and eighty-four million, eight hundred and seventy-eight thousand, five hundred and forty-eight naira, thirty-nine kobo only (#517,784,878,548:39) for both recurrent and capital expenditures Meanwhile, some of the Ministries, Departments and Parastatals (MDAs) featured in the supplementary budget realignment include Fire Service Agency, Ibadan Urban Flood Management Project, Oyo State Agribusiness Development Agency, Sustainable Development Goals, and Ministry of Education, Science and Technology. Others are Emmanuel Alayande University of Education, Oyo, First Technical University, Oke-Ogun Polytechnic, Saki, Ministry of Health, Oyo State Road Maintenance Agency, Water Corporation of Oyo State, the Judiciary, Ministry of Environment and Natural Resources among others.

2025 Budget: Oyo Govt To Hold 6th Consultative Stakeholders’ Engagement

In line with its tradition of engaging residents of Oyo State to seek their inputs in the preparation of the state’s annual budgets, the state government will, on Wednesday, kick-start the sixth consultative engagement with stakeholders across the state with a view to producing a people-oriented 2025 Budget. The annual stakeholders’ engagement will begin at the International Conference Centre, University of Ibadan, with subsequent town hall meetings to be held across the seven zones of the state. Commissioner for Budget and Economic Planning, Prof. Musbau Babatunde, stated this at the weekend, noting that the meeting, which is the sixth in the series of the Town Hall meetings organised by the state since the inception of Governor Makinde’s administration in 2019, was “designed to engage the citizenry in the preparation and implementation of the state’s Annual Budget for the year 2025.” He added that “this year’s engagement is set to redefine the governance initiative of this administration. This programme is designed to align the state with the world best practices in the preparation of annual budgets, which support an all-inclusive and open approach to governance, rather than the top to bottom approach. “The objectives of this approach are; to restructure our processes to establish a solid base for our development aspirations. The restructuring is still ongoing and will extend to all facets of state development and to prevent the state from overdependence on federal allocation by increasing the state IGR and make our budget as realistic and as achievable as possible.” The Professor of Economics added that the stakeholders’ meeting will also strengthen the bond between government and the people of the state by seeking their inputs into 2025 budget. “Apart from ensuring that resource allocations are geared towards impactful projects and programmes implementation that will improve the welfare of the citizenry, this year Town Hall meeting will also seek to build people’s confidence in government. “This engagement will improve the performance of the budget and sustain the developmental objectives of this administration,” Babatunde added.