Oyo Assembly Approves N210bn Supplementary Budget
On Thursday, the Oyo State House of Assembly approved a N210 billion supplementary budget, raising the total financial provision for the year 2026 from N892,085,074,480.79 to N1,102,085,074,480.79. The passage followed the presentation and adoption of a report by the House Committee on Finance, Appropriation, and State Economic Planning, chaired by Sunkanmi Babalola.
The committee reviewed the Oyo State Supplementary Finance Bill, 2026, clause by clause, considering inputs from the Ministry of Budget and Economic Planning and projections from the Oyo State Government Medium Term Expenditure Framework. The supplementary finance will be drawn from the Consolidated Revenue Fund of Oyo State for the year ending December 31, 2026, with the sources of the funds detailed in the schedule to the Bill.
This approval signifies a significant financial commitment by the Oyo State government for the upcoming fiscal year.
Plus234Feed summary based on reporting from Voice of Nigeria. Read the original report below.
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