Lagos Assembly approves N4.445 trillion budget reordering

Summary

The Lagos State House of Assembly has approved a reordering of the state’s 2026 budget after reviewing how ministries and agencies spent capital funds.

Highlights

• Lawmakers adopted the House Committee on Economic Planning and Budget’s report before passing the bill.
• Committee chairman Olumoh Sa’ad said the review was driven by differences in how MDAs implemented capital projects.
• The committee said budget performance stood at 69% as of 30 June, with recurrent revenue at 79%.
• Recurrent and capital expenditure were put at 73% and 66% respectively.
• Under the reordered budget, N2.077 trillion is earmarked for recurrent spending and N2.368 trillion for capital projects.
• The spending covers transport infrastructure, hospital projects, housing, sanitation, waste management, security and emergency equipment.