Category: Ministry of Budget and Economic Planning

Oyo Govt to Commission 11 Megawatts Independent Hybrid Power Project soon-HC Budget

Oyo State Government would soon commission an 11 megawatts independent hybrid power project believed to enhance socio-economic development and security of the State.

Oyo State Commissioner for Budget and Economic Planning, Professor Musibau Babatunde, gave the hint during the 2025 Budget Breakdown Session held at the Conference Room, Ministry of Finance, Secretariat, Ibadan.

The Commissioner while briefing the newsmen on Tuesday and other relevant stakeholders, explained that the main objective of the briefing was to give the breakdown analysis on how the 2025 proposed budget would be executed.

Prof. Babatunde, hinted  that the State hybrid power plant would provide power to some Government facilities within Ibadan, the State capital.

While presenting the review of the 2024 Budget and Breakdown of the 2025 budget estimates,  Prof. Babatunde  explained that the budget’s impact would be felt by the people of Oyo State, adding that the 2025 budget estimates were prepared taking due cognizance of the Agenda 2040, road map for sustainable development 2023-2027.

Professor Babatunde, therefore called  for the co-operation of every stakeholder, emphasizing  that the State Government would only target tax evaders, and interstate trucks to further improve its  internally generated revenue, IGR.

According to him, out of the proposed 2025 budget that capital expenditure would get a total of 343 billion naira at 50.59″% while recurrent expenditure would gulp 335 billion naira at 49.41% of the total budget.

The briefing had in attendance, the State commissioner for Information and Orientation Prince Dotun Oyelade; Commissioner for Establishment and Training, Mr. Segun Olayiwola and host of others

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Oyo State Government Concludes 2025 Budget Planning Consultative Meetings

The Oyo State Government has successfully concluded its 2025 Budget Planning Consultative Meetings, which were held across the six geo-political zones of the State.

Governor ‘Seyi Makinde assured stakeholders that their submissions during the meetings will be reflected in the 2025 budget.

At the closing ceremony of the sixth zonal stakeholders’ consultative engagement in Ibarapa zone, Governor Makinde, represented by the Commissioner for Local Government and Chieftaincy Matters, Hon. Ademola Ojo, emphasized the Government’s commitment to supporting farmers.

“The Government is not relenting in its efforts to make farming more profitable for farmers in the State,” he said.

The administration has already provided support to farmers across the 33 local government areas, including farm inputs and fertilizer for improved yields during the planting season.

Governor Makinde encouraged farmers to join recognized farmers’ associations, promising additional benefits and support.

In the education sector, the Governor stressed the importance of avoiding politics to ensure the sector’s development.

He assured successful applicants in the ongoing teachers’ recruitment that they would be employed soon, maintaining that standards would not be compromised.

Governor Makinde also reiterated his administration’s commitment to security, urging residents to provide useful information to assist security agencies.

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Gov’t Says 2025 Budget’ll Reflect Stakeholders’ Submissions

Oyo State Government has concluded the year 2025 Budget Planning Consultative Meetings held across the six geo-political zones of the State.

Governor ‘Seyi Makinde, while speaking at the closing ceremony of the sixth zonal stakeholders’ consultative engagement in Ibarapa zone, assured that the submissions of stakeholders at the meetings would reflect in the 2025 budget.

The Governor, who was represented by the Commissioner for Local Government and Chieftaincy Matters, Hon. Ademola Ojo, said that the Government is not relenting in its efforts to make farming more profitable for farmers in the State.

Governor Makinde noted that his administration had supported farmers across the 33 local government areas of the State with farm inputs and fertilizer for improved farm yields during the planting season.

He called on farmers who are yet to identify with a recognized farmers’ association to do so, promising that more benefits and support await them.

On education, the Governor emphasized the need for anyone not to play politics of any form with education for the development of the sector.

He assured the people of the zone that successful applicants in the ongoing teachers recruitment would be employed in due course, adding that his administration will not compromise standards in the recruitment process.

Governor Makinde reiterated the commitment of his administration to security of lives and property, while admonishing the residents of the State to assist the Government and security agencies with useful information in relation to security challenges in their localities for security personnel to act accordingly.

Earlier in his address, the Commissioner for Budget and Economic Planning, Prof. Musibau Babatunde appreciated the people of the zone for their cooperation and understanding.

He admonished them to contribute more to the development of their zone particularly the education and agricultural sectors.

 

E-signed:

Prince Dotun Oyelade,
Commissioner for Information and Orientation,
Oyo State.

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Oyo Deputy Governor Seeks Support of Oke -Ogun Residents On Security Challenges

The Deputy Governor of Oyo State Government, Barr. Adebayo Lawal has urged the people of Oke Ogun to cooperate with the Governor Seyi Makinde led administration towards finding a lasting solution to the security challenges in the zone.

The Deputy Governor made the call at the Stakeholders’ Consultative Meeting on the Year 2025 Budget preparation held at the Igbeti township hall, Olorunsogo Local Government, lgbeti, Venue of the meeting for the people of Oke-Ogun, Zone 2.

He explained that the present administration in the State has been magnanimous in developing the Oke-Ogun geo-political zone, saying that the Government will continue to give equal treatment to all zones in the State.

In his goodwill message, Onigbeti of Igbeti, Oba Bashiru Olalekan Abioye, commended the Governor for the prompt measure taken recently to tame the security threats ravaging in their community.

He equally thanked Governor Makinde for deeming it fit to approve two new secondary schools for Igbeti.

The monarch appealed to the Government to consider the repair of the access road from Igbeti to Iseyin and other similar roads in oke ogun, while revealing that the roads connect several villages that produce the bulk of food consumed by residents of the State.

He explained that the majority of oke Ogun people are farmers, therefore agricultural extension agents equipped with modern agricultural practices, innovation, new breed, improved variety of crops and access to agricultural implements are significant to improving outputs of farmers and consequently improving their standards of living.

In the same vein,the Commissioner for Agric and Rural Development, Barr Olaleye Olasunkanmi represented Governor Seyi Makinde said that Stakeholders’ Consultative Meeting, that stated since the first year of Governor Seyi Makinde’s regime is meant to avoid misplacement of priorities of the people in State.

Barr Olasunkanmi stated this at Iresa-Adu Town Hall, Surulere local government, Ogbomoso.

He added that the Oyo State Government will soon distribute appointment letters to 7000 Primary School Teachers, 7000 Secondary School Teachers and 5000 medical personnel across all zones.

Earlier in his remarks, the Commissioner for Budget and Economic Planning, Prof Musibau Babatunde, lauded participants for their contributions.

He noted that the Government will continue to engage residents, while assuring that their submissions would reflect in the Year 2025 budgetâ€Ķ

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2025 Budget Preparation: Oyo SSG tasks Residents on Unity

â€Ķsays Makinde ‘ll further fulfil Electoral Promises

In its bid to ensure that the needs of the residents across the geo-political zones of the State are captured in the Year 2025 budget, Oyo State Government through the Ministry of Budget and Economic Planning, on Monday engaged stakeholders in Oke – Ogun Zone One and Oyo zone.

The Secretary to the Oyo State Government, Prof. Olanike Adeyemo, while speaking at the consultative meeting at the Iseyin Local Government Secretariat, called on residents of Oke – Ogun to be united and join hands with Governor Seyi Makinde in his quest to take the State from poverty to prosperity.

She explained that Governor Makinde led administration in the State has taken several actions to lessen the burden of the residents of the State amid economic challenges facing the people, adding that the Governor will continue to fulfill all his electoral promises to the people of the State.

She maintained that the present administration will continue to take feedback from the residents through similar consultative interaction, while assuring that budget implementation would be duly monitored .

Similarly, Member, Oyo State House of Assembly, Hon. Gbenga Oyekola, who spoke on behalf of Governor Seyi Makinde at the Afijio Local Government Secretariat, Venue of the meeting in Oyo Zone, assured the people of the zone that the Government will look into the documents gathered critically with a view to incorporating their requests into the Year 2025 budget.

Governor Makinde noted that the essence of the annual engagements was to avoid misplacement of priority during budget preparation, hence the need for the people of various zones to attach importance to the ongoing consultative meeting and contribute meaningfully.

He affirmed that a reasonable percentage of the requests made by the people of the State during the previous stakeholders’ engagements on budget preparation had been attended to, noting that the Government is on the verge of engaging fourteen thousand (14,000) teachers in both the public primary and secondary schools in the State.

The Governor added that five thousand (5,000) health personnel would also be engaged within the shortest possible time by the Hospitals Management Board, while the Civil Service Commission would also commence its recruitment process.

While commending the participants for laudable contributions, Governor Makinde sought continued support and cooperation of the traditional rulers and other stakeholders for his administration.

He urged the traditional rulers to embrace peaceful co-existence in their localities for the overall development of the State.
In his goodwill message, Onifiditi of Fiditi, Oba Sakiru Oyelere, called for the incorporation of traditional institution in special committees, particularly the security committee.

The revered monarch, however, prayed for the success of the Governor Seyi Makinde led administration.

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Makinde unveils Agenda 2040 for Oyo State

..To attend 2025 Budget consultative meeting

Oyo State Governor, ‘Seyi Makinde, will present the Agenda 2040 for Oyo State on Wednesday.

The Governor will present the Agenda at the Consultative Engagement Meeting on the 2025 Budget scheduled to hold at the International Conference Centre, University of Ibadan.

Recall that the Governor had, in November 2020, inaugurated a Steering Committee on the Oyo State Agenda 2040, taking a cue from the Federal Government’s preparation of Agenda 2050, which seeks a holistic transformation of the country’s economy, as obtained in countries like China, South Korea, India and Malaysia.

The State’s Commissioner for Budget and Economic Planning, Prof. Musbau Babatunde, said the Governor expressed his desire to produce the maiden 20-Year Development Plan ‘Tagged Agenda 2040’ for Oyo State and the Five Years Medium Term Development Plan to address the socio-economic drift and refocusing the State on the path of progress.

He noted that the Medium Term Development Plan 2023 to 2027 is the implementation plan for the Agenda 2040, stating that the medium term development plan provided the forward-looking intention of the Government and good people of Oyo State and also set goals, objectives and strategy for achieving them.

He added that the documents articulate the State’s vision, projecting the State beyond 2027 and that they are premised on the need to create expanded opportunities for all.

Babatunde said: “The development of these documents was driven by the Ministry of Budget and Economic Planning, supported by DFID/PERL, DAWN Commission, UNICEF and University of Ibadan Ventures Limited (consultancy service unit) through Professor Olusanya Ajakaiye.

“The objectives of Agenda 2040, which is anchored on the four pillars of Education, Health, Security and Economy, include to make Oyo State the most secured State in Nigeria for conducive economic and social development; raise educational standards to the top through the provision of qualitative basic, secondary, non-formal and tertiary education; provide and sustain the availability, accessibility and affordability of required healthcare services to the citizens, particularly the needy.

“Other objectives are to improve farmers’ productivity and value addition by strengthening production in areas of comparative advantage for commercial agriculture; accelerate infrastructure provision in key areas and adopt Public Private Partnership arrangements; improve Internally Generated Revenue through development of new sources and improvement of existing ones through innovative and purposeful modes of revenue collection and utilization.

He continued; “another objective is also to make Oyo State the hub of economic activities and investors’ preferred destination in Nigeria; and employment and job creation through provision of productive and sustainable livelihood for youths in Oyo State.

“The expected result of the Agenda 2040 is that it is expected to translate economic growth into equitable socio-economic development that guarantees a dignified and meaningful existence for all; optimise the State’s human and natural resources potentials to achieve accelerated development from poverty to prosperity and create an enabling environment for private investments (domestic and foreign) to thrive through Public-Private-Partnership (PPP).

“It is also expected to increase sustainable production, productivity and value addition in key growth opportunities; increase the stock and quality of strategic infrastructure to hasten competitiveness and development; enhance Human Capital Development, and strengthen mechanisms for quality, effective and efficient service delivery.”

 

Signed
Sulaimon Olanrewaju
Special Adviser (Media) to Oyo State Governor

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