In the recently released 2024 Federal Government Budget, Oyo State has emerged as one of the top states allocated the highest number of Zonal Intervention Projects (ZIPs). The state, known for its strategic location and significant population, has been earmarked to receive a substantial allocation aimed at development across various sectors.
According to the budget breakdown, Oyo State ranks third nationwide while Ogun and Akwa-Ibom comes first and second in terms of the number of ZIPs allocated for execution in the fiscal year 2024. These projects cover a wide range of infrastructural developments, educational initiatives, healthcare facilities, and community welfare programs.
The ZIPs are part of the federal government’s initiative to ensure equitable development across all regions of the country, addressing specific needs and challenges faced by communities within each zone. Oyo State’s placement reflects its importance in the national development agenda and highlights the government’s commitment to enhancing infrastructure and services for its residents.
In contrast, the Federal Capital Territory (FCT) has recorded the lowest number of ZIPs allocated in the 2024 budget. This allocation signifies a shift in focus from urban-centric development to prioritizing the needs of other states across Nigeria. The FCT, as the seat of the federal government, traditionally receives lower allocations of ZIPs compared to other states, given its relatively smaller population and administrative nature.
The disparity in ZIP allocations underscores the government’s strategy to ensure balanced development across all states, addressing regional disparities and promoting inclusive growth. It also reflects a strategic allocation of resources to areas that require immediate attention and improvement in infrastructure and social services.
Local stakeholders in Oyo State have expressed optimism about the impact of the allocated ZIPs, anticipating significant improvements in critical sectors such as healthcare, education, agriculture, and transportation. They have emphasized the need for effective implementation and monitoring to ensure that the allocated funds translate into tangible benefits for the residents.
As the fiscal year progresses, scrutiny will be on the execution of these projects to evaluate their effectiveness in achieving developmental milestones and improving the quality of life for Nigerians across various states, including Oyo and the FCT.
