Oyo State Governor Salary 2026
Current Governor: Seyi Makinde (APM) · In office since 2019
Complete salary and allowances breakdown for the Governor of Oyo State, based on official RMAFC figures for 2024.
Oyo Governor Salary — Full Breakdown
| Component | % of Basic | Annual (₦) | Monthly (₦) |
|---|---|---|---|
| Basic Salary | — | ₦4,886,580 | ₦407,215 |
| Hardship Allowance | 50% | ₦2,443,290 | ₦203,607 |
| Leave Allowance | 10% | ₦488,658 | ₦40,721 |
| Accommodation | 80% | ₦3,909,264 | ₦325,772 |
| Medical Allowance | 40% | ₦1,954,632 | ₦162,886 |
| Transport Allowance | 80% | ₦3,909,264 | ₦325,772 |
| Entertainment | 50% | ₦2,443,290 | ₦203,607 |
| Utility Allowance | 20% | ₦977,316 | ₦81,443 |
| TOTAL | — | ₦21,012,294 | ₦1,751,025 |
Source: RMAFC (Revenue Mobilisation Allocation and Fiscal Commission) approved figures. Official gazette 2024.. On leaving office, the governor receives a severance gratuity of ₦14,659,740 (300% of annual basic salary).
About Oyo State Governor Salary
The Governor of Oyo State (Seyi Makinde) earns a total annual package of ₦21,012,294 (₦1,751,025 per month) as approved by the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC). This is the same package as all other 35 state governors in Nigeria — RMAFC sets a uniform salary structure for all political office holders.
Beyond the RMAFC cash package, the Oyo State Governor also has access to: the Government House (official residence, maintained by the state), an official vehicle fleet, a security detail provided by DSS and the Nigeria Police Force, and a complement of personal aides and administrative staff funded by the state government budget — none of which are captured in the RMAFC salary figures above.
For comparison, the Oyo State Governor earns more than the President of Nigeria in the RMAFC package structure (the President earns ₦14,058,000/year), and approximately 55% more than a Nigerian Senator (₦13,523,120/year). The CBN Governor, whose salary is not set by RMAFC, earns approximately ₦34,440,000/year — significantly more than any state governor.
To learn more about Oyo State, including its history, economy, and governance, see the full profile of Oyo State and the complete list of Oyo State governors.
FAQs — Oyo Governor Salary
How much is the Oyo State Governor salary?
The Oyo State Governor (Seyi Makinde) earns a total annual package of ₦21,012,294 (₦1,751,025 per month) as of 2024, based on RMAFC figures. This includes a basic annual salary of ₦4,886,580 plus allowances of ₦16,125,714 per year.
How much does Seyi Makinde earn per month?
Seyi Makinde, as Governor of Oyo State, earns approximately ₦1,751,025 per month in total package. This is the standard RMAFC-approved rate for all 36 Nigerian state governors.
What allowances does the Oyo Governor receive?
The Oyo State Governor receives: Basic Salary (₦4,886,580/year), Hardship Allowance (₦2,443,290), Leave Allowance (₦488,658), Accommodation (₦3,909,264), Medical (₦1,954,632), Transport (₦3,909,264), Entertainment (₦2,443,290), Utility (₦977,316). On leaving office: ₦14,659,740 severance gratuity.
Is the Oyo Governor salary the same as other states?
Yes. All 36 Nigerian state governors receive the same RMAFC-approved salary package. The Oyo Governor earns the same annual total of ₦21,012,294 as every other Nigerian state governor.