• About Us
  • Contact
  • Cookie Policy
  • Disclaimer
  • Privacy Policy
  • Editorial Charter
  • Corrections Policy
  • Sitemap
Freelanews
Advertisement
  • Home
  • News
    • Crime
  • Business
  • Brands
  • Banking
  • Opinion
  • Interview
  • Entertainment
  • Podcast
    • Àtẹ́lẹwọ́
  • Sports
  • Events
No Result
View All Result
  • Home
  • News
    • Crime
  • Business
  • Brands
  • Banking
  • Opinion
  • Interview
  • Entertainment
  • Podcast
    • Àtẹ́lẹwọ́
  • Sports
  • Events
No Result
View All Result
Freelanews
No Result
View All Result
Home News General

Lagos assembly passes N4.44tn revised 2026 budget

The revised appropriation prioritises capital projects after the Assembly identified disparities in implementation across ministries, departments and agencies.

AbdulBasit Saba by AbdulBasit Saba
September 16, 2026
in General
0 0
0
images 8 2
thenacre-campaign

The Lagos State House of Assembly has passed into law the 2026 Budget Reordering Bill, retaining the state’s total appropriation at about ₦4.44 trillion while adjusting allocations to address disparities in the implementation of capital projects across government ministries, departments and agencies.

The bill, presented by Governor Babajide Sanwo-Olu, was passed on Tuesday after lawmakers considered and adopted the report of the House Committee on Economic Planning and Budget.

The committee said the reordering became necessary because some MDAs had recorded substantial implementation of their capital allocations, while others had recorded lower levels of implementation. According to the lawmakers, the disparity was affecting the delivery of projects and the overall performance of the 2026 budget.

The committee said the adjustment would allow the state government to take a more focused approach to capital investment, accelerate the execution of priority projects and improve the implementation of the budget.

As of June 30, 2026, the committee said overall budget performance stood at 69 per cent. Recurrent revenue had recorded 79 per cent performance, while recurrent expenditure stood at 73 per cent and capital expenditure at 66 per cent.

Perfect-Aesthetic-social-1

Under the revised framework, ₦2.0769 trillion is allocated to recurrent expenditure, while ₦2.3676 trillion is earmarked for capital expenditure, bringing the total revised budget to ₦4,444,509,386,748.

The revised allocations place emphasis on transportation infrastructure, the completion of hospital projects, housing, environmental sanitation and waste management, security and emergency equipment, as well as other critical infrastructure across the state.

Odun Ifa 2026
ADVERTISEMENT

The 2026 budget was originally presented to the Assembly by Sanwo-Olu in November 2025 as a ₦4.237 trillion proposal. The Assembly subsequently approved about ₦4.44 trillion, comprising approximately ₦2.11 trillion for recurrent expenditure and ₦2.34 trillion for capital projects.

The governor later signed the approved 2026 appropriation into law, describing it as the “Budget of Shared Prosperity” and pledging to work with the legislature to ensure implementation.

Following the adoption of the budget reordering report, Speaker Mudashiru Obasa put the bill to a vote, after which the lawmakers passed it into law.

adron lemon friday

The latest adjustment is therefore aimed primarily at reallocating available resources towards projects with stronger implementation needs, rather than increasing the overall size of Lagos State’s 2026 budget.

The Assembly subsequently directed that the resolutions be communicated to the relevant authorities for implementation.

Saba AbdulBasit
AbdulBasit Saba

AbdulBasit Saba is a journalist and contributor to Freelanews.com, covering news, business, and public affairs.

Also read

  • NAFDAC seizes ₦200m counterfeit alcohol packaging in Aba
  • Alpha Morgan Bank moves head office to Lagos

Related Posts

Screenshot 2021 07 02 at 03 05 04 Nigeria going back to Abacha%E2%80%99s regime Afenifere slams FG over attack on Igboho%E2%80%99s house...
General

‘Back to Abacha’s regime?!’ Afenifere slams FG over attack on Igboho’s house

by Freelanews
July 2, 2021
#image_title
General

Pope Francis battling with respiratory infection 

by Oreoluwa Ojelabi
March 29, 2023
timeless
General

Electrifying Davido’s Timeless concert in Lagos resonates with fans (Video)

by Rtn. Victor Ojelabi
April 24, 2023
Kano mosque
General

Kano mosque bombing death toll hits 21

by Quadri Olaitan
May 31, 2024
download 3
General

Young Jonn Reveals Accidental Journey to Becoming an Artiste

by Oreoluwa Ojelabi
July 31, 2024

Leave a ReplyCancel reply

Tiktok Community

You're not logged into Tiktok, please login here
UBA bank ad UBA bank ad UBA bank ad

Recent News

Agbara Nla

Agbara Nla hits N307m, ranks fourth in 2026

October 16, 2026
Scottish

Ex-Scottish police officer jailed 12 years for rape

October 16, 2026
AfDB

AfDB backs Nigerian women entrepreneurs with $750,000

October 16, 2026
Ben Murray-Bruce

Ben Murray-Bruce defends Lagos-Calabar coastal road

October 16, 2026
  • Trending
  • Comments
  • Latest
N250k signature

Abiodun vs Amosun: N250k signature plot deepens Ogun political crisis ahead Tinubu visit

April 3, 2026
Omoge Saida

Omoge Saida sparks Nigerian social media over leaked video

October 28, 2025
james akaie scaled

Nollywood SFX makeup artist James Akaie allegedly dies after explosion on Abeokuta movie set

January 13, 2026
Political persecution in Ogun State

Political persecution in Ogun State: Abiodun moves against Otunba Gbenga Daniel with demolition threats again

August 9, 2025
amoke

‘Meals by Amoke’ We serve traditional dishes in a modern way, Bukoye Fasola reveals

19
Image 2024 03 26 at 120645 AM jpeg

Charles Inojie, Ali Nuhu call on communities to #MakeWeHalla against domestic violence

11
Meran Primary Health Centre Lagos father Meran hospital

Lagos father shares heartbreaking experience at Meran Primary Health Centre (Photos)

4
fls2

‘Disarticulated system’ Gov’t confused about Nigerian education, expert laments

3
Agbara Nla

Agbara Nla hits N307m, ranks fourth in 2026

October 16, 2026
Scottish

Ex-Scottish police officer jailed 12 years for rape

October 16, 2026
AfDB

AfDB backs Nigerian women entrepreneurs with $750,000

October 16, 2026
Ben Murray-Bruce

Ben Murray-Bruce defends Lagos-Calabar coastal road

October 16, 2026
ADVERTISEMENT
October 2026
SMTWTFS
 123
45678910
11121314151617
18192021222324
25262728293031
« Sep    
Freelanews

Freelanews is a Nigerian digital news platform that delivers timely, credible, and engaging stories across politics, business, entertainment, lifestyle, and the creative industry, with a strong focus on promoting innovation, integrity, and inclusivity in storytelling.

Today’s Popular

  • #image_title

    17 mobile money operator companies licensed by CBN in Nigeria

    0 shares
    Share 0 Tweet 0
  • Ifeoma playfully reacts as Paul Okoye receives recognition in Australia

    0 shares
    Share 0 Tweet 0
  • ‘Breaking News’ Babatunde Omidina, Baba Suwe, is dead

    0 shares
    Share 0 Tweet 0
  • Elon Musk unveils Tesla’s ‘flying’ car

    0 shares
    Share 0 Tweet 0

Just Published!

Agbara Nla

Agbara Nla hits N307m, ranks fourth in 2026

October 16, 2026
Scottish

Ex-Scottish police officer jailed 12 years for rape

October 16, 2026
AfDB

AfDB backs Nigerian women entrepreneurs with $750,000

October 16, 2026
Ben Murray-Bruce

Ben Murray-Bruce defends Lagos-Calabar coastal road

October 16, 2026
Obasanjo

Obasanjo praises Eruani over $1bn Bayelsa refinery

October 16, 2026
No Result
View All Result
  • About Us
  • Contact
  • Cookie Policy
  • Editorial Charter
  • Corrections Policy
  • Advertisement

© 2026 Freelanews | by Iretura.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Home
  • News
    • Crime
  • Business
  • Brands
  • Banking
  • Opinion
  • Interview
  • Entertainment
  • Podcast
    • Àtẹ́lẹwọ́
  • Sports
  • Events

© 2026 Freelanews | by Iretura.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.