The approval followed weeks of debates and reviews by lawmakers.
The budget is one of the largest in the history of Lagos State.
It aims to boost infrastructure, improve public services, and drive economic growth.
Details of the Lagos 2026 Budget
Lawmakers considered the Appropriation Bill clause by clause during plenary.
The Speaker of the House, Rt. Hon. Mudashiru Obasa, presided over the session.
The approved budget covers key sectors such as roads, transportation, health care,
education, security, housing, and flood control.
Focus on Capital Projects
A large portion of the Lagos 2026 budget is allocated to capital expenditure.
This shows the state government’s focus on long-term development projects.
Recurrent spending was also carefully structured.
It is expected to support workers’ welfare and essential public services.
Reactions at the Assembly
While the session remained serious, light moments were noticed.
Some observers joked that the Speaker struggled with the heavy figures.
In pidgin, some said, “Omoh, Speaker self wan tear ACL as e dey read am,”
referring to the size of the budget.
Next Step After Budget Passage
The passage of the bill now awaits assent from Governor Babajide Sanwo-Olu.
Once signed, implementation will begin in the 2026 fiscal year.
Lawmakers urged ministries and agencies to use the funds wisely.
They stressed the need for transparency and timely project execution.
Expectations from Lagos Residents
Many residents expect the Lagos 2026 budget to deliver visible results.
These include better roads, improved transport, and stronger public services.
Analysts say success will depend on revenue performance and fiscal discipline.
Lagosians will be watching closely as implementation begins.
Leave a Reply