The Oyo State House of Assembly has approved an additional N210 billion to fund the state’s supplementary budget for the 2026 fiscal year.
The Supplementary Finance Bill, 2026, was passed during plenary in Ibadan following the presentation and adoption of the report of the House Committee on Finance, Appropriation and State Economic Planning.
Committee Chairman, Sunkanmi Babalola, said the bill was considered clause by clause, taking into account inputs from the Ministry of Budget and Economic Planning and projections in the state’s Medium-Term Expenditure Framework.
“With the approval of the supplementary finance, the total amount approved under the 2026 Finance Law now rose from N892,085,074,480.79 to N1,102,085,074,480.79 only.
“The N210 billion supplementary finance be granted from the Consolidated Revenue Fund of Oyo State for the year ending December 31, 2026, with the sources of the funds set out in the schedule to the Bill.
“The passage brings the total approved 2026 financial provision for the state to over N1.1 trillion”.
