Oyo State governor, Engr. Seyi Makinde, has presented to the Oyo state House of Assembly a 2020 budget proposal of N208,802,972,878 billion, allocating the larger share of the budget to infrastructure and education.
Infrastructure got the highest percentage allocation, 23.93% while education got 22.38%.
“It is our plan to be bullish with infrastructural development, especially road construction,” the governor explained.
“Light Up Ibadan” project, the installed Smart LED Street Lights in Ibadan will be replicated across the major towns and cities in Oyo State. Government will also procure new fire fighting vehicles, ambulances, water tankers and communication equipment,” he added.
Healthcare got 5.18% and while Agriculture got 4.43% of the total budget proposal.
He also said that the budget keeps personnel cost down by over 10% compared to the 2019 budget, explaining that “one of the key reasons for this is that we are carrying out a staff audit and creating a database of all staff in the Oyo State civil and public service.”
Figures in the proposal shows that capital expenditure increased by about 20% compared to the 2019 budget. Total capital expenditure is N100.14 Billion, is 47.9% of the total budget estimate.