Lagos Governor, Sanwo-Olu Signs 2025 Appropriation Bill of ₦3.37tn Into Law
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Governor Babajide Sanwo-Olu of Lagos on Thursday signed the State’s 2025 Appropriation Bill of ₦3.37 trillion into law.
The budget which marks a new milestone in the state’s quest for sustainable growth and development, allocates ₦2.07 trillion to capital expenditure (62 percent) of the total figure, and ₦1.295 trillion for recurrent expenditure.
The State House of Assembly had approved the budget of ₦3.37 trillion, after injecting an additional ₦360.88 billion into the Sanwo-Olu’s initial proposal.
It prioritises infrastructure, economic growth, and social inclusion, is structured around the administration’s THEMES+ agenda, which focuses on five key pillars, namely, infrastructure sustainability, economic diversification, social inclusion and human capital development, environmental sustainability, and governance reform.
Speaking at the signing ceremony, the Governor expressed gratitude to the State House of Assembly for the prompt passage of the budget, which he described the budget as “a critical tool” for advancing the administration’s vision of a “Greater Lagos”.
He called for collaboration between the executive and legislature in implementation the budget.
“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.
“We remain committed to delivering a budget that ensures the greatest good for the greatest number of people,” he said.
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.
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