Makinde signs N684bn 2025 budget into law 

The governor of Oyo State, Seyi Makinde, has assented to the ₦684 billion 2025 Appropriation Act.

The budget is tagged “Budget of Economic Stabilisation”.

Makinde said his administration had been able to improve the performance of the state’s annual budgets from 30 to 35 per cent to over 70 per cent.

Speaking at the Executive Chamber of the Governor’s Office in Agodi, Ibadan, Makinde said the government would target 80 per cent budget implementation in 2025.

He stated that his administration would push for reforms, people-centred policies and economic stability and work for the well-being of residents of the state.

According to Makinde, the 2025 budget would also play a key role in stabilising the economy of the state.

“This journey began in September 2024 when we kicked off the budget stakeholders’ meeting in all zones. After meeting with our people and hearing from them, we prepared the budget and we also had Treasury Board meetings. It is not just like a yearly ritual,” he said.

“I will use this opportunity to thank everybody because we explained to them. Before we started this minimum wage discussion, we discussed. The budget is almost like the operational manual to run this administration; it is like our Bible or Quran that we put by the side. And whatever you put in there, that is what you will want to follow through.”

Makinde noted that the 2025 budget has provision for the new minimum wage, stating that the new wage and consequential adjustments will take effect from January 1, 2025.