ABUJA, Nigeria (VOICE OF NAIJA)-Lagos State Governor, Babajide Sanwo-Olu, on Monday signed the N4.4 trillion 2026 budget into law.
The signing ceremony was held at the Conference Room, Lagos House, Alausa Secretariat, Ikeja.
The Lagos State House of Assembly had earlier approved the budget, tagged the “Budget of Shared Prosperity,” in January.
The lawmakers passed a bill authorising the issuance and appropriation of N4,444,509,776,438 for the 2026 fiscal year.
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Present at the ceremony were the Deputy Governor, Dr Obafemi Hamzat; members of the State Executive Council; the Head of Service, Bode Agoro; lawmakers from the Lagos State House of Assembly; and other key stakeholders.
While presenting the appropriation bill to the House in November 2025, Sanwo-Olu said the budget was crafted to promote prosperity and build a Lagos that benefits all residents.
“Our mission remains clear: to eradicate poverty and build a Lagos that works for all.
“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 said.
Sanwo-Olu added that the budget is anchored on four pillars: a human-centred approach, modern infrastructure, a thriving economy, and effective governance, all aligned with the state’s T.H.E.M.E.S+ Agenda.