Oyo 2023 BUDGET: Education Sector Gets Second Largest Allocation, 11.7 Per Cent Earmarked For Health (See Details)

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Governor Seyi Makinde of Oyo State, on Thursday, presented the 2023 appropriation Bill to the state House of Assembly.

The budget, which is in a sum of three hundred and ten billion Naira N310bn, is tagged ‘Budget of Sustainable Development’.

In the budget, the Education sector has the second largest allocation with 18.78% of the total budget proposal in the sum of fifty-eight billion, two hundred and thirteen million, nine hundred and eighty-one thousand, two hundred and sixty-seven naira, eighty-seven kobo (58,213,981,267.87).

Equally, a sum of N36.3bn was earmarked for the health care sector in the state, which is 11.7 per cent of the total budget.

The governor noted that the allocation for the health sector represents 100% increase over that of last year, saying that the reason for this is the 22 billion naira (22,000,000,000) concessionary loan from the French Government.

“This loan will be used for upgrading our primary and secondary healthcare facilities,” the governor stated.

Details later.

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