The Lagos State House of Assembly has passed into law the ₦4.4 trillion 2026 Budget of Shared Prosperity, marking a major fiscal milestone for Africa’s largest sub-national economy.
The budget, officially titled the ₦4,444,509,776,438 2026 Budget of Shared Prosperity, was approved by lawmakers on Thursday, January 8, 2026, following weeks of deliberations and reviews.
According to details of the budget, over 52 per cent of the total expenditure has been earmarked for capital projects, underscoring the state government’s commitment to infrastructure-led development and inclusive economic growth.
Key priority areas of the 2026 budget include infrastructure and transport, education and healthcare, as well as economic growth and social development. The allocations are aimed at improving public service delivery, strengthening human capital development, and stimulating sustainable economic activities across the state.
The passage of the budget reflects the shared vision of Governor Babajide Sanwo-Olu and the Speaker of the Lagos State House of Assembly, Rt. Hon. Mudashiru Obasa, to steer Lagos into what the government describes as a new era of shared prosperity.