The Governor of Lagos State, Babajide Sanwo-Olu has presented the sum of N4.237 trillion as the 2026 budget to the Lagos State House of Assembly.
According to the governor, out of the N4.237 trillion budget, N2.185 trillion is set aside for capital projects, while N2.052 trillion covers recurrent expenditure, including the everyday running of the state and our financial obligations.
”This moment is very meaningful. It is the final full-year budget of our administration, and it reminds me of the journey we have taken together and the future we are still building for every Lagosian.
”The 2026 Budget of Shared Prosperity totals N4.237 trillion. It is supported by a projected revenue of N3.994 trillion, leaving a financing gap of N243.33 billion that we will manage responsibly.
”This budget is all about making life better for Lagosians. It is about deepening access to essential services, strengthening our systems, completing critical infrastructure, and ensuring that the benefits of our prosperity agenda reach more people across the State.
”Lagos continues to grow, stronger, more competitive, and more inclusive every day. The progress we made in 2025 across education, healthcare, transportation, housing, technology, the environment, and public safety forms the foundation of this new budget.
”Of the N4.237 trillion budget, N2.185 trillion is set aside for capital projects, while N2.052 trillion covers recurrent expenditure, including the everyday running of the state and our financial obligations.
“As we enter the final full year of this administration, my commitment remains clear, to keep Lagos secure, to keep Lagos working, and to ensure that growth and prosperity touch every resident.”
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