Gov Seyi Makinde on Monday in Ibadan signed into law the Oyo State 2025 Budget, with assurances that the budget would play a key role in the state’s economic stabilisation.
The News Agency of Nigeria (NAN) reports that the signing into law of the 2025 Appropriation Bill of N684 billion took place at the governor’s office at the state secretariat.
In his remarks shortly after the signing, Makinde reassured the people of the state that his administration would continue to push for reform, policies and economic stabilisation.
He expressed optimism that the budget would foster growth, enhance infrastructure and improve the livelihood of residents.
“The budget is a reflection of my administration’s commitment to sustaining economic stability and delivering inclusive development across all sectors.
“All critical stakeholders were adequately carried along from the inception of the 2025 budget preparation till the end of the process,” the governor said.
He disclosed that the new N80,000 minimum wage had been captured in the state’s 2025 budget “and its implementation will commence by January”.
Makinde then solicited continued support for his administration, pledging that his government would continue to be transparent in its dealings.
NAN reports that the governor had on Nov. 13 presented a 2025 budget proposal of N678 billion to the state House of Assembly for approval.
The state legislature after its legislative considerations jacked up the budget with an additional N6 billion, which raised the total to N684 billion.
Earlier in his remarks, the House of Assembly’s Speaker, Mr Adebo Ogundoyin, said the upward review of the budget was a deliberate effort to accommodate emerging priorities and critical projects.
Ogundoyin said the emerging priorities and critical projects would drive the state economic growth, improve infrastructure and enhance the overall quality of life for citizens.
He further said the state legislature was committed to collaborating with other arms of government to implement policies and programmes for the state’s economic growth.(NAN)
