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Oyo Assembly passes N210bn Supplementary Finance Bill
The Oyo State House of Assembly has now enacted the 2026 Supplementary Finance Bill by appropriating another N210 billion towards financing the state’s supplementary budget for the year.
The 2026 Supplementary Finance Bill was enacted on Thursday following consideration of the report of the House Committee on Finance, Appropriation and State Economic Planning during plenary session in Ibadan.
The committee chairman, Sunkanmi Babalola, said the committee examined the bill clause by clause, taking into consideration inputs from the Ministry of Budget and Economic Planning and projections in the state government’s Medium Term Expenditure Framework, which had earlier been adopted by the House.
He said, “With the approval of the supplementary finance, the total amount approved under the 2026 Finance Law now rose from N892,085,074,480.79 to N1,102,085,074,480.79 only.
“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 funds set out in the schedule to the Bill.
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