Makinde presents N434bn 2024 budget to Oyo Assembly
Oyo State Governor, Engr. Seyi Makinde on Tuesday presented a budget of 434bn for 2024 to the State House of Assembly.
Presenting the budget, tagged “Budget of Economic Recovery”, Engr. Makinde said the budget will cushion the impact of the economic hardship our people face as a result of the subsidy removal and floating of the naira.
He said the budget figure was made up of 222,337,320,199.85 capital expenditure and 211,884,445,738.94 recurrent expenditure.
The governor stated that education would gulp 90.65bn which represents 20.88% of the total budget, infrastructure will gulp 74.31bn which represents 17.11% of the budget, health 40.99bn which is 9.44% while Agriculture got 15.84bn which is 3.65%.