Lagos State Governor, Babajide Sanwo-Olu, has signed into law the 2026 Appropriation Bill, approving a record ₦4.4 trillion budget for the state’s next fiscal year.
The governor assented to the bill on Monday during a brief ceremony at the Conference Room, Lagos House, Alausa, Ikeja, following its passage by the Lagos State House of Assembly in January.
Tagged the “Budget of Shared Prosperity,” the spending plan authorises a total expenditure of ₦4,444,509,776,438 for the 2026 financial year.
Top government officials present at the signing included Deputy Governor Dr Obafemi Hamzat, members of the State Executive Council, Head of Service Mr Bode Agoro, lawmakers of the House of Assembly, and other senior government officials.
Speaking earlier when he presented the budget proposal to lawmakers in November 2025, Sanwo-Olu said the fiscal plan was designed to promote inclusive growth and ensure that development reaches all segments of 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,” he added.
The governor explained that the 2026 budget is anchored on four key priorities: placing people at the centre of governance, expanding modern infrastructure, stimulating sustainable economic growth, and strengthening public institutions.
According to him, the priorities align fully with the state’s T.H.E.M.E.S+ development agenda, which remains the framework for policy direction and public investment in Lagos State.
