Oyo State Governor Seyi Makinde has presented N266.6 billion to the Oyo State House of Assembly for the 2021 fiscal year, with education receiving the lion’s share of the total budget estimate.
Makinde, while presenting the budget, tagged: “Budget of Continued Consolidation,” said that N56 billion, representing 21 per cent, was allocated to education while N46 billion (17.2 per cent) was proposed for infrastructural development.
He said that the proposed budget was prepared with 25.16 per cent increment over the N177 billion 2020 revised budget, adding that the allocation to the education sector is also well above the recommendation of the United Nations Educational, Scientific and Cultural Organisation (UNESCO).
Speaker of Oyo State House of Assembly, Adebo Ogundoyin, in his comment, promised that the lawmakers would thoroughly scrutinise the bill and give it accelerated passage.
He assured the people of the state that the Ninth Assembly would work with the executive and other stakeholders to ensure at least 70 per cent budget performance for 2021.