The 2026 Appropriation Bill, tagged the “Budget of Shared Prosperity”, has been signed into law By Gov. Sanwo-Olu. The governor signed the bill into law on Monday, saying it would be implemented accountably by his administration.
Lagos Today Extra! had reported that members of the Lagos House of Assembly approved a budget of about N4.4 trillion, up from the N4.2 trillion presented by the governor in December.
Sanwo-olu who noted that this year’s budget is the last budget his administration will implement fully, expressed hope that residents would be the greatest beneficiaries.
He commended the Speaker, Mudashiru Obasa, and other lawmakers for their due diligence, maintaining that the Executive and the Legislature would continue to work hand in hand for good governance.
Representative of the Speaker of Lagos Assembly, the Majority Speaker, Noheem Adams, commended Sanwo-olu’s people-oriented policies, saying the budget was well scrutinised by assembly members and was optimistic that it reflects the economic realities for the benefit of Lagosians
Earlier, the Commissioner for Economic Planning and Budget, Ope George, said the budget of shared prosperity was designed to accelerate economic growth, deepen infrastructure development, improve the transportation system and maintain fiscal responsibility.
In other news, Governor Sanwo-Olu pledged the Lagos State government’s continued support for the armed forces, whether dead or alive.
Speaking at the parade and laying of wreaths ceremony to commemorate the 2026 armed forces celebration and remembrance day, Sanwo-Olu maintained that the state government appreciates the efforts and commitment of members of the armed forces, and will always be supportive to ensure they do their work in the best of environments.
The governor, represented by his Deputy, Dr Kadril Obafemi Hamzat, stated that the state government supports the armed forces annually and is always ready to do more because the officers and men of the armed forces make many sacrifices to keep the nation secure.
He implored them to keep giving their best and to continue making concerted efforts to secure lives and property, despite the huge challenges they face in doing so.
The governor who led the wreath-laying ceremony also asked for prayers for the armed forces. Others who laid wreaths included the Deputy Governor, represented by the Secretary to the State Government, Mrs Abimbola Salu-Hundeyin; the Speaker of the Lagos State House of Assembly, Mudashiru Obasa, represented by Jubril Abdulkareem; the Chief Judge of Lagos State, Justice Kazeem Alogba; representatives of the Nigerian Army, Navy, and Air Force; the Oba of Lagos; the widow of a fallen hero; and the Lagos State Commissioner of Police, Olohundare Moshood Jimoh.
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