Governor Seyi Makinde of Oyo, Tuesday, presented a budget of N434.2 billion for 2024 to the State House of Assembly for consideration and approval.
Tagged the “Budget of Economic Recovery”, , the budget is made up of N222.3 billion for capital expenditure, and N211.8 billion for recurrent expenditure.
According to Makinde, education gets the highest share of the budget with N90.6 billion followed by Infrastructure which gets N74.3 billion which he said was important for the economic growth of the state.
He added that the 2024 budget was estimating an increased Internally Generated Revenue of N72 billion with an average of N6 billion monthly.
Responding after the presentation, Speaker of the House of Assembly, Debo Ogundoyin assured the governor of speedy consideration of the Appropriation Bill.