Oyo Govt Begins Consultative Meetings For 2025 Budget Planning

Business/Economy

Oyo Govt Begins Consultative Meetings For 2025 Budget Planning

Reported by Ayooluwa Afolabi

In keeping with its commitment to engaging residents of Oyo State to seek their input in the preparation of the state’s annual budgets, the state government will commence the sixth consultative engagement with stakeholders across the state, on Wednesday, to produce a people-oriented 2025 Budget.

The annual stakeholders’ engagement will begin at the International Conference Centre, University of Ibadan, with subsequent town hall meetings to be held across the seven zones of the state.

Commissioner for Budget and Economic Planning, Prof. Musbau Babatunde, stated this at the weekend, noting that the meeting, which is the sixth in the series of Town Hall meetings organized by the state since the inception of Governor Makinde’s administration in 2019, was “designed to engage the citizenry in the preparation and implementation of the state’s Annual Budget for the year 2025,” InsideOyo reported.

He added that “this year’s engagement is set to redefine the governance initiative of this administration. This programme is designed to align the state with the world\'s best practices in the preparation of annual budgets, which support an all-inclusive and open approach to governance, rather than the top-to-bottom approach.

“The objectives of this approach are; to restructure our processes to establish a solid base for our development aspirations. The restructuring is still ongoing and will extend to all facets of state development and to prevent the state from overdependence on federal allocation by increasing the state IGR and making our budget as realistic and as achievable as possible.”

The Professor of Economics added that the stakeholders’ meeting will also strengthen the bond between the government and the people of the state by seeking their input into the 2025 budget.

“Apart from ensuring that resource allocations are geared towards impactful projects and programmes implementation that will improve the welfare of the citizenry, this year\'s Town Hall meeting will also seek to build people’s confidence in government.

“This engagement will improve the performance of the budget and sustain the developmental objectives of this administration,” Babatunde added.