The Lagos State Governor, Babajide Sanwo-Olu, has signed the state’s 2026 Appropriation Law, approving a record ₦4.4 trillion budget that prioritises infrastructure, education, healthcare, economic growth, and social development.
The signing came just over a week after the State House of Assembly passed the budget, tagged the “Budget of Shared Prosperity,” into law.
Sanwo-Olu signed the budget into law on Monday during a brief ceremony at the Conference Room of Lagos House, Alausa, Ikeja, in the presence of Deputy Governor Obafemi Hamzat, members of the State Executive Council, Head of Service Bode Agoro, lawmakers, and other senior stakeholders.
When he presented the appropriation bill to lawmakers in November 2025, the governor explained that the budget was designed to drive inclusive growth and ensure development reaches every resident of the state.
“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,” he said.
Governor Sanwo-Olu further noted that the spending framework rests on four strategic pillars: placing people at the centre of governance, expanding modern infrastructure, stimulating economic growth, and strengthening institutions.
He emphasised that these priorities are fully aligned with the state’s T.H.E.M.E.S+ development agenda, which continues to shape policy direction and public investment decisions.
