The Lagos State House of Assembly has passed the 2026 Budget Reordering Bill, increasing the state’s total budget size to N4.44tn.
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.
Presenting the report, the committee chairman, Olumoh Sa’ad, said the reordering was necessary to address differences in the implementation of capital projects across Ministries, Departments and Agencies (MDAs).
The committee said while some MDAs had recorded significant implementation of their capital allocations, others had recorded lower levels, affecting project delivery and the overall performance of the 2026 budget.
According to the report, the state achieved 69 per cent overall budget performance as of 30 June 2026.
Recurrent revenue performance stood at 79 per cent, while recurrent and capital expenditure recorded 73 per cent and 66 per cent respectively.
The committee said the budget adjustments would enable the government to direct more resources towards priority projects, speed up their implementation and improve overall budget performance.
Priority areas under the revised budget include transport infrastructure, completion of hospital projects, housing, environmental sanitation and waste management, security and emergency equipment, as well as other critical infrastructure across the state.
Under the revised figures, recurrent expenditure was increased to N2.077tn, while capital expenditure rose to N2.368tn, bringing the total 2026 budget to N4.445tn.
The committee recommended adjustments to various allocations to ensure that projects identified as critical to the state received adequate funding.
Following deliberations, the House adopted the committee’s report and passed the Budget Reordering Bill into law after a vote conducted by the Speaker, Mudashiru Obasa.
