Assembly Reduces Oyo Budget from N285B to N182B

Ololade Adeyanju/

Based on a request by Governor Seyi Makinde, the Oyo State House of Assembly today reduced the 2019 budget of N282 billion passed into law by former Governor Abiola Ajimobi to N182 billion.

In making the request, the governor described the budget signed into law by his predecessor as “unrealistic”.

The governor further justified the budget review in a post on his Twitter handle, @seyimakinde, while reaffirming the need for budgets to reflect the financial realities of the state.

He stated: “This afternoon, I signed the Oyo State Appropriation Review and Finance Bill, 2019, a revised budget for the state, into law. In view of the current financial state of our state, the budget of N285B approved by the previous administration was unrealistic.

“We’ve revised the budget downward to N182B; this includes an upward review of the budget for education to 10%. Our admin will work towards improving the economy of the state so that subsequent budgets match our financial capabilities and budget implementation is above 70%.”

The assembly commenced the budget review process last week Thursday.