The Lagos State House of Assembly, has passed the issuance and appropriation of ₦4,444,509,776,438 Four Trillion, Four Hundred and Forty-Four Billion, Five Hundred and Nine Million, Seven Hundred and Seventy-Six Thousand, Four Hundred and Thirty-Eight Naira as the 2026 budget.

Presenting the report on the floor of the House, The Chairman, Committee on Economic Planning and Budget, Hon. Olumoh Sa’ad Lukmon stated that “The total Budget Size for Y2026 ending is ₦4,444,509,776,438 (Four Trillion, Four Hundred and Forty-Four Billion, Five Hundred and Nine Million, Seven Hundred and Seventy-Six Thousand, Four Hundred and Thirty-Eight Naira) with the sums of ₦2,106,704,566,113 (Two Trillion, One Hundred and Six Billion, Seven Hundred and Four Million, Five Hundred and Sixty-Six Thousand, One Hundred and Thirteen Naira) as Recurrent and ₦2,337,805,210,325 (Two Trillion, Three Hundred and Thirty-Seven, Eight Hundred and Five Million, Two Hundred and Ten Thousand, Three Hundred and Twenty- Five Naira) as Capital Expenditure for the Year ending 31st December, 2026.

Presiding over the plenary, Speaker Obasa thereafter directed the Clerk of the House to forward a clean copy of the budget to the governor for his assent.

It would be recalled that the Y2026 Appropriation Bill was presented by Governor Babajide Sanwo-Olu, on 25th November, 2025 and was committed to the House committee on Appropriation with other standing Committees of the House as Sub-Committees.

In another development, the House also read for the first time, Lagos State Harmonized Taxes and Levies (Approved list for Collection) Bill 2025 and Registration of LIS PENDEND Bill 2024.

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