Lagos State Governor, Babajide Sanwo-Olu, on Monday signed the ₦4.4 trillion 2026 Appropriation Bill into law.
The signing ceremony was held at the Conference Room, Lagos House, Alausa Secretariat, Ikeja.
The Lagos State House of Assembly had earlier passed the budget, christened the “Budget of Shared Prosperity,” in January.
Lawmakers approved a bill authorising the issuance and appropriation of ₦4,444,509,776,438 for the 2026 fiscal year.
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Dignitaries 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 key stakeholders.
While presenting the appropriation bill to the House in November 2025, Sanwo-Olu said the budget was crafted to drive inclusive growth and improve the living standards of residents.
“Our mission remains clear: to eradicate poverty and build a Lagos that works for all,” the governor said.
He added that the administration’s vision continued to shape fiscal decisions aimed at delivering a Greater Lagos where shared prosperity is tangible and widely felt.
Sanwo-Olu said the budget is anchored on four pillars — a human-centred approach, modern infrastructure, a thriving economy and effective governance — in line with the state’s T.H.E.M.E.S+ development agenda.
