Understanding Lagos N4.2 Trillion 2026 Budget Proposal as Sanwo-Olu Hands Over to House of Assembly
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 ...