Lagos State Governor, Babajide Sanwo-Olu, has signed the ₦4.444 trillion 2026 Budget of Shared Prosperity into law, following its passage by the Lagos State House of Assembly.
The governor said the 2026 appropriation is designed to strengthen governance, keep Lagos competitive, and ensure inclusive development across the state, noting that residents should feel the impact of government policies regardless of their location or occupation.
According to Sanwo-Olu, the budget prioritises education, healthcare, security, and infrastructure, with significant investments earmarked for the construction and upgrading of schools, improvement of healthcare facilities, and enhanced security architecture. He added that the spending plan also focuses on practical interventions aimed at improving the overall quality of life of Lagosians.
The governor acknowledged that the state is entering the year amid serious challenges, citing the Balogun Market fire incident and the ongoing but necessary works along the Ebute Metta coastline. He said these developments underscore the urgent need for continuous improvement in infrastructure and service delivery.
“This budget gives us the capacity to respond better to emergencies and to prepare Lagos for sustainable growth,” Sanwo-Olu stated.
He explained that the 2026 fiscal plan will focus on renewing infrastructure, expanding transportation networks, supporting agriculture, empowering micro, small and medium enterprises (MSMEs), creating jobs, and driving economic growth that benefits a wider segment of the population.
The governor assured residents that the state government remains committed to responsible spending and value for money, stressing that accountability and efficiency will guide the implementation of the budget.
“Lagosians deserve nothing less,” Sanwo-Olu affirmed.