The Oyo State Commissioner for Budget and Economic Planning, Professor Musibau Babatunde, has affirmed that the state government maintains a budgeting system that is transparent, open, and accountable.
Speaking at an inter-ministerial press briefing on Monday in Ibadan, Professor Babatunde stated that this approach has contributed to consistent year-on-year improvements in the state’s budget performance.
The commissioner said that the state government had succeeded in improving the state budget performance, thereby making lives better and more meaningful for residents in the state.
“The state’s budget performance improved from 57.4 per cent in 2019 to 71.4 per cent in 2024.
“The state’s revenue performance stood at 79.0 per cent in 2022, while the expenditure performance was 71.2 per cent.
“With the revenue performance peaking at 91.0 per cent in 2024, while the expenditure performance was 71.5 per cent,” he said.
Also Read: Oyo State Begins Strategic Training for 2025 Budget Preparation
The commissioner mentioned other achievements recorded by the ministry to include the development of a Medium-Term Sector Strategy (MTSS) for the implementation of Agenda 2040 for the Ministries of Agriculture and Education.
According to him, other ministries for the 2040 MTSS include Health, Energy, Culture and Tourism, and the Agency for Solid Minerals.
Babatunde also said that the ministry was able to facilitate the inauguration of the State Steering Committee and Technical Working Group on Monitoring and Evaluation Implementation Strategy in the state.
He further said that the state was among beneficiaries in the 14 million dollars European Union-supported Sustainable Social Protection System in Nigeria Project.
