The Oyo State House of Assembly has approved a supplementary appropriation of N299.8 billion, increasing the state’s total 2025 budget size from N684.1 billion to N984 billion.
Chairman of the House Committee on Budget, Finance, and Appropriation, Hon. Sunkanmi Babalola, who represents Egbeda State Constituency, confirmed the development to journalists shortly after Thursday’s plenary session.
Hon. Babalola explained that the supplementary budget became necessary to accommodate several critical expenditures that were not initially captured when the 2025 budget was passed last year.
These include allocations for the reconstruction of the Government House, payment of 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, ” Babalola stated.
The Assembly, following the passage of the supplementary budget, also announced the commencement of its working recess, during which members are expected to conduct oversight functions in their various constituencies.
Lawmakers will monitor ongoing state government projects and ensure alignment with budgetary allocations.
The lawmaker said 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
Credit: Western Mirror.
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