Sanwo-Olu Signs ₦4.4 Trillion 2026 Lagos Budget Into Law, Unveils “Shared Prosperity” Agenda

Lagos State Governor, Babajide Sanwo-Olu, on Monday signed the ₦4.4 trillion 2026 Appropriation Bill into law, officially setting the financial direction of Africa’s largest city for the coming fiscal year.

The signing ceremony was held at the Conference Room of Lagos House, Alausa Secretariat, Ikeja, following the Lagos State House of Assembly’s approval of the budget in January. The spending plan, tagged “Budget of Shared Prosperity,” authorises the issuance and appropriation of ₦4,444,509,776,438 for the 2026 fiscal year.

Key government officials present at the event included Deputy Governor Dr. Obafemi Hamzat, members of the State Executive Council, Head of Service Bode Agoro, lawmakers of the Lagos State House of Assembly, and other top stakeholders.

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Governor Sanwo-Olu stated that the budget is strategically designed to eradicate poverty, drive inclusive growth, and improve the quality of life for Lagos residents. According to him, the 2026 budget reflects the administration’s commitment to building a Lagos that works for everyone.

“Our mission remains clear: to eradicate poverty and build a Lagos that works for all,” the governor said. “We are committed to delivering a Greater Lagos where shared prosperity is not just an aspiration, but a lived reality.”

Sanwo-Olu explained that the budget is anchored on four key pillars—a human-centred approach, modern infrastructure, a thriving economy, and effective governance—fully aligned with the state’s T.H.E.M.E.S+ development agenda.