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Ministry Of Finance And Budget

Our Vision

To transform Oyo into a self-sufficient State that promotes socio-economic welfare of the citizenry.

Our Mission

To effectively and efficiently have a total control of MDAs’ expenditure and ensure that it is in conformity with the laid down guidelines and rules.

Objectives

  • Formulate control policies and procedures – applicable to all points from which Government assets originate or are expended.
  • Train relevant personnel in Ministries, Departments, Agencies, Revenue and Expenditure points (in every part of the State) etc on culture of budgeting and modern budgeting techniques.
  • Provide incentives to suitable partners to promote economic development of the State.
  • Set up State Investment Promotion Agency – as a one-stop shop to show case Investment  opportunities of the State.
  • Resource Optimization 
                    – Obtain best result out of state resources;
                    – Ensure effective control over use of state resources.
  • Revenue Maximization
                    – Increase IGR capacity of the State.
Elements of Fiscal Strategy
  • Financial and manpower planning
  • Government controls
  • Structural reforms
  • Debt management
  • Business development