Governor Babajide Sanwo-Olu has presented the 2026 Budget Estimates to the Lagos State House of Assembly, marking a significant milestone as the final full-year budget of his administration. He described the moment as both meaningful and reflective, noting that it highlights how far the state has come and the future being built for every Lagos resident.
The proposed 2026 Budget of Shared Prosperity stands at ₦4.237 trillion, anchored by a projected revenue of ₦3.994 trillion. This leaves a financing gap of ₦243.33 billion, which the governor assured will be managed prudently and transparently.
Sanwo-Olu emphasized that the budget is centered on improving the quality of life for Lagosians. It focuses on expanding access to essential services, strengthening public systems, and accelerating the completion of major infrastructure projects. According to him, the ultimate goal is to ensure that the benefits of the state’s prosperity agenda reach more communities and households.
He highlighted that Lagos has continued to grow stronger, more competitive, and more inclusive. Achievements recorded across key sectors in 2025—such as education, healthcare, transportation, housing, technology, environmental management, and public safety—form the backbone of the new spending plan.
Of the total budget size, ₦2.185 trillion is allocated to capital expenditure, aimed at driving development and completing ongoing projects. The remaining ₦2.052 trillion is earmarked for recurrent expenditure, covering the daily operations of government and meeting existing financial obligations.
As the administration enters its final full year, Sanwo-Olu reaffirmed his commitment to keeping Lagos secure, functional, and prosperous for all residents. He expressed gratitude to the Lagos State House of Assembly, the civil service, party leadership, and especially the people of Lagos for their consistent support.
He concluded with a call for collective effort, promising to keep Lagos on a path toward greater safety, cleanliness, inclusivity, and shared prosperity.
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