When you hear that the population of Lagos is massive, something like its budget shows you this figure in reality. At Lagos House, Alausa, Governor Babajide Sanwo-Olu will sign Lagos state’s record-breaking ₦3.3 trillion 2025 budget into law.
With ₦1.29 trillion for recurrent expenditure and ₦2.07 trillion for capital projects, the budget aims to accelerate infrastructure development across Lagos, following its approval by the State House of Assembly earlier this week.
The signing will mark a major step towards implementing the largest budget ever by any Nigerian state.
The 2025 budget dedicates ₦1.29 trillion to recurrent expenditures, ensuring efficient public services, while allocating ₦2.07 trillion for capital projects.
With a strong focus on infrastructure, the Sanwo-Olu administration aims to enhance roads, housing, and public utilities, driving Lagos towards sustained urban development.
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Earlier this week, the Lagos State House of Assembly approved the budget after chairman of the joint committee on appropriation and finance, Sa’ad Olumoh, presented a detailed report.
Following deliberations, lawmakers, led by Speaker Mudashiru Obasa, gave their unanimous approval through a voice vote, slightly increasing the budget to ₦3.36 trillion.
By signing this financial plan, Governor Sanwo-Olu will set the stage for Lagos’ ambitious growth agenda.
With a clear emphasis on infrastructure and public services, the 2025 budget demonstrates a commitment to securing the state’s position as Nigeria’s economic leader.
This milestone underscores the administration’s dedication to meeting the needs of its people while preparing Lagos for the future.
