Governor Seyi Makinde of Oyo state has signed into law the State 2025 Budget, with assurance that the budget would play a key role in the state’s economic prosperity.
Speaking at the signing-in ceremony held at the Executive Chamber, Governor’s office, Ibadan,Governor Makinde reassured the people of the state that his administration would continue to push for reform, policies and economic civilization.
He expressed optimism that the signing into law of the 2025 Appropriation Bill of N684 billion would foster growth, enhance infrastructure, and improve the livelihoods of residents.
Governor Makinde said the new N80,000 minimum wage had been captured in the 2025 budget while its implementation would commence by January 2025.
Governor Makinde called for continued support for his administration, pledging that his government would continue to be transparent in its dealings.
Earlier, the Speaker House of Assembly, Mr Adebo Ogundoyin, said the upward review of the budget from N678 billion to N684 billion was a deliberate effort to accommodate emerging priorities and critical projects.
Mr Ogundoyin said the emerging priorities and critical projects would drive the state economic growth, improve infrastructure, and enhance the overall quality of life for citizens.
Mr Ogundoyin said that the lawmakers was committed to working collaboratively with other arms of government to implement policies and programmes for the state economic growth.
The governor had November13tb presented a 2025 budget proposal of N678 billion to the state House of Assembly for approval.
The state legislature after its legislative considerations jacked up the budget with additional N6 billion, which raised the total budget to N684 billion.
