Lagos State Governor, Babajide Sanwo-Olu, on Monday signed the ₦4.4 trillion 2026 Appropriation Bill into law, formally giving effect to the state’s financial plan for the new fiscal year.
The signing ceremony was held at the Conference Room of Lagos House, Alausa Secretariat, Ikeja, with top government officials and lawmakers in attendance.
Earlier in January, the Lagos State House of Assembly passed the budget, christened the “Budget of Shared Prosperity,” approving a total expenditure of ₦4,444,509,776,438 for the 2026 fiscal year.
Those present at the event included the Deputy Governor, Dr Obafemi Hamzat; members of the State Executive Council; the Head of Service, Bode Agoro; principal officers and members of the Lagos State House of Assembly; as well as other key stakeholders.
While presenting the appropriation bill to the lawmakers in November 2025, Sanwo-Olu had said the budget was aimed at driving inclusive growth and improving the welfare of residents across the state.
According to him, the spending plan is structured to eradicate poverty and deliver a Lagos that works for everyone, noting that shared prosperity remains central to his administration’s development agenda.
The governor added that the 2026 budget is built on four strategic pillars: a human-centred approach to governance, provision of modern infrastructure, promotion of a vibrant and resilient economy, and effective governance, all aligned with the state’s T.H.E.M.E.S+ Agenda.
