Lagos State Governor, Mr. Babajide Sanwo-Olu, will today present the 2025 Appropriation Bill to the Lagos State House of Assembly.
The proposed budget is expected to surpass the ₦2.267 trillion approved for 2024, signaling an ambitious financial plan for the state.
The State Commissioner for Information and Strategy, Gbenga Omotoso, disclosed this in a statement, though he did not reveal the exact figure.
“Governor Babajide Olusola Sanwo-Olu will present the Y2025 Appropriation Bill to the Lagos State House of Assembly on Thursday, November 21, 2025, at noon.
“The budget, themed Budget of Sustainability, is a blueprint for continuity, resilience, and prosperity for Lagosians. It is structured around five key pillars, including Infrastructure Sustainability, Economic Diversification, and Institutional Reforms,” Omotoso stated.
The 2024 budget, dubbed the Budget of Renewal, was signed into law by Governor Sanwo-Olu on January 18, 2024, with a total allocation of ₦2.267 trillion. The expenditure prioritized infrastructure, environment, education, technology, security, and public safety.
Breakdown of the 2024 Budget
Capital Expenditure: ₦1.315 trillion (58%)
Recurrent Expenditure: ₦952.4 billion (42%)
The 2024 budget included a ₦21.74 billion increment approved by the House of Assembly to support the completion of key infrastructure projects and critical interventions.
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