OYO INVESTED N156BN IN INFRASTRUCTURE, SAYS ACTING GOV

The acting Governor of Oyo State, Bayo Lawal, said on Wednesday that the administration of Governor Seyi Makinde has recorded unprecedented achievements in all sectors.

Lawal said the administration had been able to maintain a lower recurrent expenditure to capital expenditure ratio, stating that for the first time, the state’s 2022 budget had the capital expenditure at 52.97%, more than its recurrent expenditure.

This was contained in a statement by the Chief Press Secretary to the Governor, Taiwo Adisa.

The acting governor spoke at the 2023 Budget Consultative Forum, the usual precursor to the new budget held in Ibadan.