Makinde, Adeleke present N678b, N390b budgets

Osun governor approves N568 million for families of deceased pensioners

Oyo State Governor, Seyi Makinde, yesterday, presented a budget estimate of N678 billion for the 2025 financial year before the House of Assembly. Makinde, who tagged the fiscal proposal as “Budget of Stabilisation,” said the effort was to build on the 2024 budget of economic recovery. He said that the 2025 budget figure is about 35 per cent higher than that of 2024, stating that the plan is to spend a little over 50 per cent of the proposed budget on capital expenditure while about 49 per cent goes into recurrent expenditure.

The governor said that the infrastructure deficit in the education sector and the administration’s inability to meet up with her plans in the current year’s budget necessitated an increase in the allocation, saying that the government also hopes to renovate several schools in the coming year.

He further said that the budget for agriculture would encourage investors in the sector, noting that the budget is to stimulate more activities in the agricultural sector.

Makinde said that the budget proposal would support the state’s roadmap for sustainable development. He, therefore, solicited the support of the lawmakers to give the budget proposal expeditious hearing so that the bill would be passed into law and the state would continue the culture of running the budget from January 1.

The Speaker, Adebo Ogundoyin, expressed optimism that building on the momentum, the 2025 budget proposal would surpass the performance of the current year, pledging lawmakers’ readiness to immediately ensure swift passage of the 2025 Appropriation Bill.

RELATEDLY, Osun State Governor, Ademola Adeleke, yesterday, presented N390 billion as the 2025 budget proposal to the state House of Assembly. The governor said that the budget proposal, tagged: “Budget of Reconstruction and Recovery,” marked a significant increase in fiscal spending compared to previous years.

He said it reflected his administration’s commitment towards accelerating socio-economic development in the state, adding that “the budget is designed to enhance infrastructure, improve social services, and stimulate economic growth.”

Also, he said that the budget was borne out of the need to reconstruct the damaged economy and infrastructural facilities of the state and set a fiscal stimulus against the impact of global economic recession.

However, in a major relief initiative for bereaved families, Adeleke, yesterday, approved the payment of terminal benefits to the families of deceased pensioners who were primary school teachers and local council workers in the state.

Permanent Secretary of the Local Government Staff Pension Bureau, Akibu Ibrahim, who disclosed this in a statement, yesterday, asked relatives of the deceased to visit the bureau’s office to verify their eligibility and complete the necessary documentation for payment.

According to the statement, Adeleke’s administration will continue to prioritise the welfare of Osun State citizens, with a focus on clearing inherited debts, including the backlog of salaries and pensions owed to retirees.

“The governor has consistently pledged to improve the lives of both active and retired workers in the state,” the statement noted.