Sanwo-Olu approves ₦4.4tn Lagos budget for 2026
Lagos State Governor Babajide Sanwo-Olu has signed the ₦4.4 trillion 2026 budget into law. The signing ceremony was held at the Conference Room, Lagos House, Alausa Secretariat, Ikeja. The budget, named the “Budget of Shared Prosperity,” was previously passed by the Lagos State House of Assembly. Sanwo-Olu emphasized that the budget aims to promote prosperity and benefit all residents of Lagos.
What we know
- Babajide Sanwo-Olu signed the ₦4.4 trillion 2026 Lagos budget into law at Lagos House, Alausa Secretariat, Ikeja.
- The Lagos State House of Assembly had passed the “Budget of Shared Prosperity” in January.
- Lawmakers approved the issuance and appropriation of ₦4,444,509,776,438 for the 2026 fiscal year.
- The budget focuses on eradicating poverty and building a Lagos that works for all, according to Sanwo-Olu.
- It is anchored on four pillars: a human-centred approach, modern infrastructure, a thriving economy, and effective governance, aligning with the state’s T.H.E.M.E.S+ Agenda.
