LASG says N4.4 trn budget to boost infrastructure, economic growth
The Lagos State Government says its 2026 N4.444 trillion “Budget of Shared Prosperity” is designed to deepen infrastructure development, economic diversification, housing delivery and inclusive social growth across the state. The Commissioner for Economic Planning and Budget, Ope George, disclosed this on Tuesday during the 2026 Ministerial Press Briefing held at the Bagauda Kaltho Press Centre, Alausa, Ikeja. George said the budget, signed into law by Gov. Babajide Sanwo-Olu, was strategically structured to strengthen institutional reforms and improve residents’ quality of life. “The 2026 Budget of Shared Prosperity reflects the state government’s commitment to infrastructure sustainability, economic resilience and inclusive development for all Lagos residents,” he said. According to him, the budget comprises N2.338 trillion capital expenditure and N2.106 trillion recurrent expenditure, representing a 53:47 ratio aimed at accelerating economic growth. Ina breakdown, George explained t...