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Oyo State Budget 2026

South West Zone • Capital: Ibadan • “Budget of Economic Expansion”

₦892.0B Total Budget

— IGR

₦502.8B Capex

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2026 Budget 2024 Budget

Total Budget

₦892.0B

₦891,985,074,481 (full naira)

Capital Expenditure

₦502.8B

56.4% of total

Recurrent Expenditure

₦389.1B

43.6% of total

IGR

—

Internally Generated Revenue

Federal Allocation (FAAC)

—

0% of total

Budget Surplus/Balanced

Balanced

Revenue meets or exceeds spending

Capital vs Recurrent Expenditure

56.4% Capex

43.6% Recex

₦502.8B Capital (56.4%)

₦389.1B Recurrent (43.6%)

Sector Allocation Breakdown

🏫

Education

₦155.2B 17.4% of budget

🏗

Infrastructure

₦210.0B 23.5% of budget

⚕

Health

— 0% of budget

🛡

Security

— 0% of budget

🌿

Agriculture

— 0% of budget

Year-on-Year Comparison

YearTotal Budget IGRCapexGovernor

2026 ₦892.0B — ₦502.8B Seyi Makinde

2024 ₦560,000 ₦85,000 ₦320,000 Seyi Makinde

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