The Oyo State Government on Wednesday said it achieved a 77.5 per cent pro-rata budget performance in the first half of 2026, while announcing that it would soon take delivery of 50 electric buses to ease transportation costs and improve mobility across the state.
The government disclosed this during the presentation of the 2026 Half-Year Budget Implementation Report held at the Local Government Staff Training School, Secretariat, Agodi, Ibadan.
Presenting the keynote address, the Secretary to the State Government, Prof Musibau Babatunde, said the state recorded a 77.5 per cent revenue performance for the half-year period between January and June, describing the result as evidence of the government’s commitment to prudent fiscal management and transparent governance.
He said the presentation was designed to review the implementation of the 2026 Appropriation Act, assess government revenue and expenditure in the first six months of the year, and identify areas requiring greater attention.
According to him, “The essence of this mid-year review is to assess how far we have gone in implementing the 2026 budget, evaluate our revenue generation and expenditure performance, and identify areas that require greater government attention.”
Babatunde revealed that the state would soon strengthen its transport system with the deployment of electric buses.
“Very soon, Oyo State will take delivery of 50 electric buses aimed at improving public transportation and reducing the cost of commuting for residents across the state,” he said.
The SSG also explained that the government had reviewed projects nominated by residents during stakeholders’ town hall meetings across the state.
He said while work had commenced on some of the citizen-nominated projects, others would begin before the end of the year.
Speaking on the concentration of capital allocation on infrastructure and education, Babatunde said the sectors naturally attracted larger budgetary provisions because many interventions in other sectors were embedded within them.
“Many projects in other sectors overlap with infrastructure and education. That is why those sectors receive higher allocations because they also accommodate projects that cut across other sectors,” he explained.
On security, Babatunde said the Makinde administration had adopted an integrated approach to safeguarding lives and property while creating an enabling environment for investment and increased revenue generation.
He added that the administration remained focused on sustaining its developmental agenda, disclosing that the blueprint for Omituntun 3.0 would soon be unveiled.
“The blueprint for Omituntun 3.0 will soon be unveiled as we continue to consolidate on the gains already recorded by this administration,” he said.
Earlier, the Commissioner for Budget and Economic Planning, Barr. Ayobami Ojo, said the state generated 47.9 per cent of its approved annual revenue target between January and June, while expenditure stood at 38.8 per cent of the approved annual budget.
He, however, explained that when measured against the expected half-year benchmark, revenue performance stood at 91.2 per cent pro-rata, while expenditure reached 77.5 per cent.
According to him, the impressive performance reflected prudent financial management, improved revenue mobilisation and the commitment of the state’s workforce.
“The aggregate revenue performance stood at 47.9 per cent of the approved annual budget, while total expenditure performance was 38.8 per cent between January and June 2026,” Ojo said.
He added, “On a pro-rata basis, revenue performance stood at 91.2 per cent, while expenditure performance reached 77.5 per cent at the end of the second quarter.”
The commissioner noted that the 2026 budget was prepared through a participatory process involving stakeholders and guided by global best practices, including the National Chart of Accounts, the Medium-Term Expenditure Framework and the Medium-Term Sector Strategy.
He commended Governor Seyi Makinde for sustaining institutional reforms that had strengthened transparency and accountability in public financial management.
“This budget performance presentation reflects Governor Makinde’s commitment to keeping citizens informed on how public resources are mobilised and utilised, while reinforcing transparency, accountability and inclusive governance,” Ojo said.
He assured residents that the government would concentrate on consolidating gains in the second half of the year, with greater emphasis on basic education, primary healthcare and improved service delivery.
Also speaking, the Head of Service, Dr. Adenike Fasina, described the mid-year budget review as an important accountability mechanism.
She urged revenue-generating ministries, departments and agencies to block leakages and ensure greater transparency in revenue collection.
“Revenue-generating ministries and agencies must block all leakages and continue to uphold transparency in all their activities to improve budget performance before the end of the year,” she said.
In his presentation, the Permanent Secretary, Ministry of Budget and Economic Planning, Mr. Tunde Ayanleke, assured stakeholders that basic education and primary healthcare would continue to receive priority attention in subsequent quarters.
He also disclosed that the Budget Implementation Monitoring Committee would sustain its monthly review of budget performance to ensure government projects achieved their intended objectives.
Ayanleke appealed to residents to pay their taxes promptly, stressing that tax compliance would not only boost development but also empower citizens to demand accountability in the management of public resources.
Goodwill messages were delivered by the Executive Assistant to the Governor on Finance, Budget and Economic Planning, Alhaji Gafar Bello; President of the Monthly Financial Professionals, Dr Oyedepo; and the Head of Democracy and Governance, Justice, Development and Peace Commission, Mr Bamgbose, who commended the state government for sustaining stakeholders’ participation in budget preparation and implementation.
The event was attended by top government officials, development partners, civil society organisations and representatives from the state’s 33 local government areas.