Governor Babajide Sanwo-Olu on Thursday presented a N3.005 trillion budget proposal for the next fiscal yearl to the House of Assembly.
Why it matters: The budget reflects the government’s strategic focus on infrastructure, economic growth, and social inclusion to ensure Lagos remains a dynamic and resilient economic hub.
Go deeper: The proposed budget is a 32.5% increase from the previous year’s allocation, with N908.7 billion set aside for capital investments in key sectors such as tourism, agriculture, transportation, and infrastructure. Notable initiatives include the development of the 68-kilometre Green Line rail project.
Quote: “Our commitment to maintaining investment in infrastructure is vital to sustaining Lagos’ growth momentum,” the Governor said.
