Lagos State Governor, Babajide Sanwo-Olu, on Tuesday submitted a proposed budget of ₦4.237 trillion for the 2026 fiscal year to the Lagos State House of Assembly for consideration and approval.
The presentation follows the signing of the ₦3.366 trillion 2025 Appropriation Bill, themed “Budget of Sustainability,” into law on January 9, 2025.
That budget had been laid before the Assembly on November 21, 2024, after a delayed presentation ceremony at the Assembly complex in Ikeja.
Governor Sanwo-Olu said the 2026 budget, also tagged “Budget of Sustainability,” is aimed at providing a roadmap for continuity, resilience, and shared prosperity for Lagos residents.
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He explained that the budget is structured around five key pillars, including infrastructure sustainability, economic diversification, and institutional reforms.
Tuesday’s presentation was presided over by Speaker Mudashiru Obasa. Deputy Governor Dr. Femi Hamzat, members of the Executive Council, lawmakers, and other dignitaries were in attendance.
The governor highlighted that the budget is designed to ensure that ongoing developmental projects continue uninterrupted while reinforcing fiscal discipline and sustainable growth across the state.
Rafiyat Sadiq is a political, justice, and human rights reporter with Pinnacle Daily, known for fearless reporting and impactful storytelling. At Pinnacle Daily, she brings clarity and depth to issues shaping governance, democracy, and the protection of citizens’ rights.
