The Oyo State House of Assembly has approved an additional N210 billion supplementary finance for the 2026 fiscal year, raising the total financial provision approved for the state to over N1.1 trillion.
The approval followed the passage of the Oyo State Supplementary Finance Bill, 2026, during plenary on Thursday after the House considered and adopted the report of its Committee on Finance, Appropriation and State Economic Planning.
Presenting the report, the Chairman of the Committee, Hon. Sunkanmi Babalola, explained that the Bill was considered clause by clause, with the committee taking into account inputs from the Ministry of Budget and Economic Planning as well as projections contained in the Oyo State Government Medium Term Expenditure Framework earlier adopted by the House.
With the passage of the supplementary finance, the total amount approved under the 2026 Finance Law has increased from Eight Hundred and Ninety-Two Billion, Eighty-Five Million, Seventy-Four Thousand, Four Hundred and Eighty Naira, Seventy-Nine Kobo (N892,085,074,480.79) to One Trillion, One Hundred and Two Billion, Eighty-Five Million, Seventy-Four Thousand, Four Hundred and Eighty Naira, Seventy-Nine Kobo (N1,102,085,074,480.79).
The committee recommended that the N210 billion supplementary finance be granted from the Consolidated Revenue Fund of Oyo State for the year ending December 31, 2026, with the sources of the additional funds outlined in the schedule attached to the Bill.
The passage of the Supplementary Finance Bill therefore brings the total approved financial provision for Oyo State’s 2026 fiscal year to more than N1.1 trillion, providing additional funding for the state’s planned programmes and projects, particularly in infrastructure and works.
