Governor Seyi MMakinde of Oyo State, on Tuesday, presented a total budget proposal of 434.221 765 938 for the 2024 fiscal year to the Oyo State House of Assembly.
Makinde titled the appropriation bill a Budget of Economic Recovery.
The governor, while making the budget presentation at the plenary sitting of the state assembly said the proposal represents of the wishes and aspirations of the state.
Of the total budget proposal, the governor earmarked the total sum of N222.337 for capital expenditure, while a total sum of N211, 884, 445, 728.95 is for recurrent expenditure.
These figures according to Makinde reflects a slight difference of 2.4 per cent increase in capital expenditure as against recurrent expenditure.
The governor called on the Assembly to give the budget accelerated hearing and passage for the benefit of the people of Oyo state.