The Governor of Lagos State, Mr. Babajide Sanwo-Olu, has presented a total budget proposal of ₦4.237 trillion to the House of Assembly for the 2026 fiscal year.
Governor Sanwo-Olu described the presentation as “very meaningful”, affirming that it is the final full-year budget of his administration.
He noted that the moment reminds him of the journey his government and the House of Assembly have taken together, as well as the future “we are still building for every Lagosian.”
“The 2026 Budget of Shared Prosperity totals ₦4.237 trillion. It is supported by a projected revenue of ₦3.994 trillion, leaving a financing gap of ₦243.33 billion that we will manage responsibly.
“This budget is all about making life better for Lagosians. It is about deepening access to essential services, strengthening our systems, completing critical infrastructure, and ensuring that the benefits of our prosperity agenda reach more people across the State,” he said.
The governor stated that Lagos continues to grow stronger, more competitive, and more inclusive every day, stressing that the progress recorded in 2025 across education, healthcare, transportation, housing, technology, the environment, and public safety forms the foundation for the new budget.
He disclosed that out of the ₦4.237 trillion budget, ₦2.185 trillion is allocated to capital projects, while ₦2.052 trillion is earmarked for recurrent expenditure, including the day-to-day running of the state and its financial obligations.
“As we enter the final full year of this administration, my commitment remains clear, to keep Lagos secure, to keep Lagos working, and to ensure that growth and prosperity touch every resident,” he further remarked.
Governor Sanwo-Olu expressed gratitude to the Lagos State House of Assembly, the hardworking civil service, party leadership, and residents of the state, acknowledging that their support and expectations continue to guide his administration.
“Together, we will continue building a Lagos that is safer, cleaner, more prosperous, and more inclusive than ever before,” he added.
