Lagos 2026 Budget Prioritises Infrastructure Sustainability, Food Security - Budget Commissioner
The Lagos State Government has earmarked ₦1.467 trillion for critical infrastructure projects and ₦87 billion for food security initiatives in its ₦4.444 trillion 2026 “Budget of Shared Prosperity,” a push to strengthen economic growth, improve connectivity, and enhance food supply systems across the state.
Commissioner for Economic Planning and Budget, Ope George, revealed during the 2026 Ministerial press briefing held at the Bagauda Kaltho Press Centre, Alausa, Ikeja, noting that the budget was deliberately structured to deepen infrastructure sustainability, economic diversification, and inclusive development.
George said that the budget comprises ₦2.338 trillion Capital Expenditure and ₦2.106 trillion Recurrent Expenditure, representing a 53:47 capital-to-recurrent ratio aimed at accelerating development and improving residents’ quality of life.
According to him, the infrastructure allocation will fund major projects in transportation, healthcare, education, housing, and public works, including the Opebi-Mende Link Bridge and the Eti-Osa/Lekki/Epe Expressway Phase IIB, both aniticipated to ease traffic congestion, improve connectivity, and unlock economic opportunities across strategic commercial corridors.
He added that the Opebi-Mende Link Bridge would provide an alternative route linking residential communities such as Mende and Maryland to Ikeja’s commercial districts, while reducing pressure on major traffic routes including Kudirat Abiola Way and Mobolaji Bank Anthony Way.
On food security, George disclosed that ₦87 billion was committed to agricultural and food supply initiatives, including the Lagos Wholesale Produce Hub, as part of measures to strengthen the state’s food distribution network and improve access to agricultural produce.
The Commissioner said that the government is prioritising the completion of several housing projects targeted at low- and middle-income earners, including the 504-unit LAGOSHOMS Sangotedo Phase II, Epe Housing Scheme, Ibeshe Phase II, Late Abdul-Wahab Oke Benson Estate, LAGOSHOMS Ajara-Badagry, and the Egan Mixed Housing Scheme.
He noted that the administration also allocated ₦112 billion to energy and power projects to improve productivity and reduce operational downtime, while ₦35 billion was earmarked for tourism infrastructure development such as the Badagry Point of No Return and the Lagos Heritage Centre.
The Commissioner added that the first quarter of 2026 budget performance is projected between 60 and 70 per cent as the State recorded an 84 per cent budget performance in the 2025 fiscal year. He explained that the performance trend aligns with the fiscal cycle, where capital project implementation typically gains momentum after the first quarter following the initial settlement of recurrent obligations including personnel costs, pensions, debt servicing, and administrative commitments.
George reaffirmed the government’s commitment to prudent fiscal management and people-centred development policies aimed at positioning Lagos as a globally competitive and economically resilient state.
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