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Lagos State Governor, Babajide Sanwo-Olu, has officially signed the ₦4.4 trillion 2026 budget into law, setting the stage for the state’s fiscal activities for the year.
The signing took place on Monday, January 19, at the Conference Room of Lagos House, Alausa Secretariat, Ikeja.
The Lagos State House of Assembly had earlier approved the appropriation bill, dubbed the “Budget of Shared Prosperity,” authorizing a total expenditure of ₦4,444,509,776,438 for the 2026 fiscal year.
The ceremony was attended by Deputy Governor Obafemi Hamzat, members of the state executive council, the Head of Service, Bode Agoro, lawmakers, and other senior government officials.
Governor Sanwo-Olu explained that the budget is designed to foster inclusive growth and enhance the quality of life for all residents of Lagos State.
“Our mission remains clear: to eradicate poverty and build a Lagos that works for all,” the governor said.
“Our vision continues to guide every fiscal decision we make — to deliver a Greater Lagos where shared prosperity is not just an aspiration but a lived and felt reality.”
The 2026 budget is structured around four key pillars:
- Human-centered development – prioritizing the welfare and growth of residents.
- Modern infrastructure investment – supporting sustainable and efficient urban development.
- Promotion of a thriving economy – creating opportunities for businesses and individuals.
- Effective governance – ensuring transparency and accountability in public service.
Sanwo-Olu added that the fiscal plan aligns with the state government’s T.H.E.M.E.S+ Agenda, which continues to serve as the strategic blueprint for Lagos’ long-term development goals.
