Lagos State Governor, Babajide Sanwo-Olu, on Thursday, signed the 2025 Appropriation Bill of ₦3.366 trillion into law, marking a new milestone in the state’s quest for sustainable growth and development.
The Lagos State House of Assembly had earlier approved an amended budget of ₦3.37 trillion, injecting an additional ₦360.88 billion into the governor’s initial proposal.
The bill, which prioritises infrastructure, economic growth, and social inclusion, is structured around the administration’s THEMES+ agenda, focusing on five key pillars: infrastructure sustainability, economic diversification, social inclusion and human capital development, environmental sustainability, and governance reform.
Speaking at the signing ceremony held at the State House, Ikeja, Sanwo-Olu expressed gratitude to the Lagos State House of Assembly for its swift passage of the budget.
He described the budget as a critical tool for advancing the administration’s vision of a “Greater Lagos” while emphasising the importance of collaboration between the executive and legislature in its implementation.
“This will be the second of four budgets during my second tenure, and it represents another opportunity to scale up impact for the benefit of Lagosians,” Sanwo-Olu said.
“We remain committed to delivering a budget that ensures the greatest good for the greatest number of people,” he added.
The budget allocates ₦2.07 trillion to capital expenditure, representing 62% of the total figure, while ₦1.295 trillion will go towards recurrent expenditure.
According to Sanwo-Olu, this focus underscores the state’s determination to accelerate infrastructural development and enhance the quality of life for residents.
He also called on Lagosians to play their part by safeguarding public infrastructure, warning against vandalism and neglect.
“The infrastructure we deliver belongs to all of us, and we must care for it as joint owners,” he noted.
Sanwo-Olu praised the efforts of all stakeholders, including the Ministry of Economic Planning, the Ministry of Finance, and the Lagos State House of Assembly, for ensuring the budget’s thorough preparation.
He assured residents of the government’s commitment to achieving a 90-95% implementation rate, as seen in previous budgets.
“This is the largest sub-national budget in the country, and we are convinced it will significantly impact every nook and cranny of Lagos State,” Sanwo-Olu added.
The governor urged the civil service, public service, and other stakeholders to deliver an impressive level of implementation in 2025, reiterating the administration’s dedication to judiciously deploying resources for the benefit of all Lagosians.
