Lagos Assembly approves ₦4.4trn 2026 ‘Budget of Shared Prosperity’

The Lagos State House of Assembly has approved the ₦4.4 trillion 2026 Budget of Shared Prosperity, signifying a significant financial achievement for Africa’s largest sub-national economy.

Officially named the ₦4,444,509,776,438 2026 Budget of Shared Prosperity, the budget received legislative approval on Thursday, January 8, 2026, after extensive discussions and evaluations.

The budget outlines that more than 52% of the total spending is allocated to capital projects, highlighting the state government’s focus on infrastructure-driven development and inclusive economic progress.

Key focus areas of the 2026 budget include infrastructure and transportation, education and healthcare, along with economic growth and social development. These allocations aim to enhance public service delivery, bolster human capital development, and promote sustainable economic activities throughout the state.

The passage of this budget embodies the collective vision of Governor Babajide Sanwo-Olu and the Speaker of the Lagos State House of Assembly, Rt. Hon. Mudashiru Obasa, to lead Lagos into what the government refers to as a new era of shared prosperity.