US EditionLagos Assembly Approves N4.44 Trillion Budget for Sanwo-Olu Govt
The N4.44 trillion budget aims to support sustainable development goals in Lagos and was approved following a comprehensive committee report and lawmaker backing.
- On Thursday, the Lagos State House of Assembly approved the state budget during plenary, with Speaker Hon. Mudashiru Obasa presiding.
- Presented on November 25, 2025, the governor's proposal of N4.23 trillion was supported by lawmakers to promote sustainable development in Lagos.
- The House Committee on Economic Planning and Budget presented its report, which was approved by voice vote following a comprehensive presentation by the Chairman on Thursday.
- Speaker Hon. Mudashiru Obasa ordered Barrister Olalekan Onafeko, Clerk of the House, to transmit the approved bill to Governor Babajide Sanwo-Olu, who is expected to assent any moment.
- The approval positions the Assembly to fund the state's development agenda, establishing the fiscal framework for 2026 and exceeding Governor Babajide Sanwo-Olu's earlier 4.23 trillion proposal toward sustainable development in Lagos.
13 Articles
13 Articles
Daily Post Nigeria
Lagos Assembly approves N4.44 trillion budget for Sanwo-Olu govt
Lagos State House of Assembly has approved ₦4,444,509,776,438 (Four Trillion, Four hundred and Forty Four Billion, Five Hundred and Nine Million, Seven Hundred and Seventy-Six Thousand, Four Hundred and Thirty Eight naira) as the total budget for the state in the year 2026. The assembly made this decision during its plenary held on Thursday. The plenary was presided by its Speaker, Hon Mudashiru Obasa. A statement made available to DAILY POST Th…
Lagos Assembly Okays ₦4.44tri Budget For 2026
Advertisements The Lagos State House of Assembly has passed a ₦4.44 trillion budget for the 2026 fiscal year, approving the report of the House Committee on Economic Planning and Budget.Presenting the report during plenary on Thursday, the committee chairman, Mr Sa’ad Olumoh, said the appropriation—tagged the Budget of Shared Prosperity—was framed around key macroeconomic assumptions. These include an exchange rate benchmark of ₦1,512 to the dol…
Lagos Assembly Okays ₦4.4trn Budget For 2026 Fiscal Year
The Lagos State House of Assembly has approved a total of ₦4.4 trillion as the state’s budget for the 2026 fiscal year. The Speaker of the House, Mudashiru Obasa, presided over the House plenary on Thursday, where the 2026 appropriation bill was passed into law, authorising the issuance and spending of ₦4,444,509,776,438. Earlier, presenting the report on the budget, chairman of the House Committee on Economic Planning and Budget, Olumoh Sa’ad, …
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