Sanwo-Olu signs ₦4.4trn 2026 Lagos budget into law

 Lagos State Governor Babajide Sanwo-Olu has signed the ₦4.4 trillion 2026 budget into law, marking the commencement of the state’s fiscal plan for the year.

 

The governor signed the budget 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, tagged the “Budget of Shared Prosperity,” authorising total expenditure of ₦4,444,509,776,438 for the 2026 fiscal year.
 

The signing ceremony was attended by the Deputy Governor, Obafemi Hamzat, members of the state executive council, the Head of Service, Bode Agoro, lawmakers, and other top government officials.
 

Sanwo-Olu said the budget was designed to deepen inclusive growth and improve the quality of life for residents across the 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 an aspiration but a lived and felt reality.”
 

The governor explained that the 2026 budget is anchored on four key pillars: a human-centred development strategy, investment in modern infrastructure, the promotion of a thriving economy, and effective governance.
 

He added that the fiscal plan aligns with the state government’s T.H.E.M.E.S+ Agenda, which serves as the blueprint for Lagos’ long-term development goals.