Nigeria, Nov. 10 -- Oyo State Governor, Seyi Makinde, on Tuesday presented a proposed budget of N1.12 trillion for the 2027 fiscal year, with capital expenditure accounting for 60.07 per cent of the total spending plan.

The proposal, tagged the "Budget of Sustained Progress", allocates N670.03 billion to capital projects and N445.31 billion to recurrent expenditure, representing 39.93 per cent.

Presenting the appropriation bill to the Oyo State House of Assembly in Ibadan, Mr Makinde said the proposed spending plan reflected consultations with residents and authorities across the state's seven geopolitical zones.

"We heard their priorities, their concerns, and their expectations. The budget before you reflects those conversations and o...