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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, E conomic Planning and Budget, Mr Ope George speaking at the 2026 Lagos State government's Ministerial Press Briefing, held at the Bagauda Kaltho Press Centre, Alausa, Ikeja, on Tuesday. 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...

Lagos State government has unveiled its biggest budget ever — N4.2 trillion for the year 2026. Governor Babajide Sanwo-Olu presented the proposal to the Lagos State House of Assembly, tagged as“Budget of Shared Prosperity.” Governor of Lagos State, Mr. Babajide Sanwo-Olu presenting the Y2026 Budget Estimates to the State House of Assembly, at the Assembly complex, Alausa, Ikeja, on Tuesday, 25 November 2025. The budget in simple terms The government says the 2026 budget focuses on four major areas: People-focused development (jobs, welfare, social support) Modern infrastructure (roads, bridges, housing, e.t.c) A stronger economy (support for small businesses, industries) Effective governance (improved service delivery) All these align with the Governor Sanwo-Olu’s T.H.E.M.E.S+ development agenda. Where Will the Money Come From? Lagos plans to fund the budget using: Projected N3.12 trillion from Internally Generated Revenue (IGR), which includes taxes, levies, and other ...