Lagos, Nigeria – Governor Babajide Sanwo-Olu has officially presented the 2026 budget proposal to the Lagos State House of Assembly, totaling ₦4.237 trillion.
Tagged the “Budget of Shared Prosperity,” this final full-year budget of the administration aims to improve life for all Lagos residents by focusing on key areas like infrastructure, essential services, and completing ongoing projects.
The Key Numbers
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Total Budget: ₦4.237 trillion
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Projected Revenue: ₦3.994 trillion
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Financing Gap: ₦243.33 billion (The gap will be managed responsibly, according to the Governor.)
How the Money Will Be Spent
The budget places a clear priority on long-term growth and new projects, which is reflected in the breakdown:
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Capital Projects (New Infrastructure & Projects): ₦2.185 trillion
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Recurrent Expenditure (Salaries, Running Costs): ₦2.052 trillion
The Governor highlighted that the budget builds on progress made in 2025 across vital sectors, including:
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Education
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Healthcare
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Transportation
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Housing
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Technology
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Environment
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Public Safety
A Message of Commitment
In his address, Governor Sanwo-Olu stressed that his commitment for the final full year remains firm: to keep Lagos secure, keep Lagos working, and ensure that growth and prosperity are shared by every resident.
He expressed gratitude to the State House of Assembly, the civil service, and most importantly, the people of Lagos, whose support guides the administration’s actions.
The goal, he stated, is to continue building a Lagos that is safer, cleaner, more prosperous, and more inclusive than ever before.
