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 offered 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 within the convention room of the Ministry of Finance, Oyo State Secretariat.

The News Agency of Nigeria, studies that on November 13, 2024, Gov. Makinde offered a 2025 finances estimate of N678,086,767,332.18, tagged: “Budget of Stabilisation”, to the State House of Assembly with infrastructure growth and training getting probably the most share.

Babatunde mentioned that the evaluation was essential to make enough projections in order that the state wouldn’t have an under-performed or over-performed finances.

According to him the state authorities goes to implement a finances that can convey a multiplier impact into the economic system and likewise convey substantial returns to the economic system, culminating into improved welfare for residents of the state.

“We wish to implement the finances to permit non-public sectors to flourish, by making a conducive enterprise setting.

“Government stays aware of the necessity to present social safeness to cushion the affect of the reform measures to the weak section of the inhabitants.

“And that’s truly what’s bringing concerning the second part of the Sustainable Action for Economic Recovery (SAfER).

“We’ve been in a position to put together for any type of exterior shock or inside dynamics within 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 acknowledged.

Present on the finances evaluation had been 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, consultant of the Development Agenda for Western Nigeria (DAWN) Commission and representatives of Civil Society Organisations.(NAN)