US EditionNigeria: Sanwo-Olu Presents N4.237 Trillion Budget for 2026
The N4.237 trillion budget includes N3.12 trillion in internally generated revenue and targets expanding opportunities while completing ongoing projects, Sanwo-Olu said.
- On Tuesday, Governor Babajide Sanwo-Olu laid before the Lagos State House of Assembly an Appropriation Bill for the 2026 fiscal year, describing it as an ambitious, future-driven plan.
- The governor said the plan seeks to complete projects and deepen engagement, aiming to prioritise citizen involvement and expand opportunities in the administration's final full year for Lagosians.
- Budget documents allocate capital expenditure of N52,021,589,812 and recurrent expenditure of N52,021,589,812, with a total revenue of N3,993,774,552,141.
- The funding structure leaves a deficit financing requirement of N243,332,457,167, with recurrent debt charges and repayments that may draw scrutiny when the Lagos State House of Assembly reviews the bill.
- Funding includes N1,372,307,808,626 for Economic Affairs, N847,472,071,966 for General Public Services, and N338,449,258,945 for Health, Sanwo-Olu said.
15 Articles
15 Articles
Sanwo-Olu unveils 2026 budget of shared prosperity, plans N4.237tr expenditure
Lagos State Governor, Mr. Babajide Olusola Sanwo-Olu, on Tuesday presented the 2026 Appropriation Bill to the State House of Assembly, proposing a record total expenditure of N4.237 trillion. Tagged the ‘Budget of Shared Prosperity’, the proposal marks the final full-year budget of the administration, focusing on consolidating legacy projects and ensuring that the state's economic growth benefits all residents.
Daily Post Nigeria
NairametricsSanwo-Olu presents N4.2tr 2026 budget to Lagos Assembly
Governor Babajide Sanwo-Olu on Tuesday laid before the Lagos State House of Assembly a N4.237 trillion Appropriation Bill for the 2026 fiscal year, describing it as an ambitious, future-driven financial plan aimed at solidifying his administration’s legacy in its final full year. Presenting the proposal, titled the “Budget of Shared Prosperity,” the governor said it reflects the collective optimism that Lagos will continue to expand opportunitie…
Lagos May Issue New Bond to Support IGR for 2026 Budget
The Lagos government will consider issuing a new bond and taking out loans to raise N1.11 trillion, which would add to the projected N3.12 trillion in Internally Generated Revenue (IGR) for next year, along with federal allocations, to finance the N4.237 trillion 2026 budget. The government secured N244.8 billion green bond last week for infrastructure, and Governor Babajide Sanwo-Olu said on Tuesday that the state will issue another bond and ac…
Lagos presents record N4.2trn budget, up spending by 28%
Lagos, the richest state in Nigeria, has proposed expenditure of N4.237 trillion for the 2026 fiscal year, the highest ever since the state’s creation in 1967. The N4.237 trillion proposal represents an increase of 28% over the N3.3 trillion budget in 2025. The state budgeted N1.1 trillion in 2021; N1.75 trillion in 2022; […] The post Lagos presents record N4.2trn budget, up spending by 28% appeared first on Business247News.
Sanwo-Olu presents N4.24trn budget proposal for 2026 (see breakdown)
Governor Babajide Sanwo-Olu, on Tuesday, presented a N4.24 trillion budget proposal for 2026 to the Lagos State House of Assembly, describing it as a transformative plan for inclusive growth. Presenting what he called the last full-year budget of his administration, Sanwo-Olu said the budget proposal would build on the foundations laid by the 2025 Budget […]
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