Governor Babajide Sanwo-Olu on Tuesday laid before the Lagos State House of Assembly a N4.237 trillion Appropriation Bill for the 2026 fiscal year, describing it as an ambitious, future-driven financial plan aimed at solidifying his administration’s legacy in its final full year.
Presenting the proposal, titled the “Budget of Shared Prosperity,” the governor said it reflects the collective optimism that Lagos will continue to expand opportunities, strengthen its leadership role, and reinforce its status as Africa’s foremost megacity.
MESSAGE us @ https://Wa.me/+2348072633727 / 08072633727 for business & brand promotion/relationship/partnership, Advert, PR, Publicity, Awareness, Interviews, Feature Stories, Press Release/Statement and any task related to Media…
Sanwo-Olu disclosed that the budget projects total revenue of N3,993,774,552,141, comprising N3.12 trillion in Internally Generated Revenue and N874 billion in expected Federal Transfers. The funding structure, he noted, leaves a deficit financing requirement of N243,332,457,167.
https://youtube.com/@dehonourables?si=ZJwWbyQJAybS5htG
For the 2026 fiscal year, capital expenditure is set at N2,185,085,419,495, while recurrent expenditure stands at N2,052,021,589,812. He explained that the recurrent component covers overheads, personnel costs, and debt obligations.
News Update The attention of the Presidency has been drawn to a viral falsehood circulating…
THE Senior Special Assistant to President Bola Ahmed Tinubu on National Assembly Matters, Hon. Ibrahim…
By Abioye Tosin Lawrence | Community & Development Correspondent NEWS UPDATE In a deliberate move…
NEWS UPDATE THE National Chairman of the Peoples Democratic Party, Tanimu Turaki, has urged Nigerians…
News Update Many Nigerians across the country are celebrating this year’s Christmas in darkness following…
THE United States Embassy in Abuja and the Consulate General in Lagos will shut down…