Oyo State Government breaks down 2025 Budget Proposal
By Adewale Owoade.
Oyo State Government has given a breakdown and highlights of the 2025 Budget Proposal presented by Gov. Seyi Makinde to the House of Assembly.
The Commissioner for Budget & Economic Planning, Prof. Musibau Babatunde, gave the breakdown and highlights, at a media parley, held in the conference room of the Ministry of Finance, Oyo State Secretariat.
The News Agency of Nigeria, reports that on November 13, 2024, Gov. Makinde presented a 2025 budget estimate of N678,086,767,332.18, tagged: “Budget of Stabilisation”, to the State House of Assembly with infrastructure development and education getting the most share.
Babatunde said that the analysis was necessary to make adequate projections so that the state would not have an under-performed or over-performed budget.
According to him the state government is going to implement a budget that will bring a multiplier effect into the economy and also bring substantial returns to the economy, culminating into improved welfare for residents of the state.
“We want to implement the budget to allow private sectors to flourish, by creating a conducive business environment.
“Government remains mindful of the need to provide social safeness to cushion the impact of the reform measures to the vulnerable segment of the population.
“And that is actually what is bringing about the second phase of the Sustainable Action for Economic Recovery (SAfER).
“We’ve been able to prepare for any form of external shock or internal dynamics in the proposed 2025 Budget.
“Government has presented the budget to the house of assembly, we expect an early passage from our legislative so that we can start the implementation”, Babatunde stated.
Present at the budget analysis were the Commissioner for Information and Orientation, Prince Dotun Oyelade; Commissioner for Establishment and Training, Hon. Segun Olayiwola; Executive Assistant to the Governor on Budget, Alhaji Gafar Bello.
Special Adviser, Budget and Economic Planning, Hon. Simeon Oyeleke; Senior Special Assistant on Economic Planning, Mr Kehinde Ogunsanya; Permanent Secretary of the Ministry of Budget and Planning, Directors, representative of the Development Agenda for Western Nigeria (DAWN) Commission and representatives of Civil Society Organisations.(NAN)
