Oyo assembly approves extra N210bn for 2026 budget
The Oyo State House of Assembly has approved a supplementary budget of N210 billion for the 2026 fiscal year. The decision was made after the House Committee on Finance, Appropriation and State Economic Planning presented its report. Sunkanmi Babalola, the committee chairman, explained that the new approval increases the state’s total budget for 2026 to over N1.1 trillion. The funds will be sourced from the Consolidated Revenue Fund of Oyo State.
Key takeaways
- The Oyo State House of Assembly passed the Supplementary Finance Bill, 2026, adding N210 billion to the state’s budget.
- Sunkanmi Babalola led the committee that reviewed and presented the bill during plenary in Ibadan.
- The total approved budget under the 2026 Finance Law now stands at N1,102,085,074,480.79.
- The N210 billion supplementary finance will be sourced from the Consolidated Revenue Fund for the year ending December 31, 2026.
- The passage raises Oyo State’s 2026 financial provision to over N1.1 trillion.
