By Damilola Adeleke

Lagos State Governor, Babajide Sanwo-Olu, has signed the 2025 Appropriation Bill of ₦3.366 trillion into law, marking the largest sub-national budget in Nigeria’s history.

The budget, approved by the Lagos State House of Assembly, includes an additional ₦360.88 billion injected into the governor’s initial proposal. This record-breaking budget focuses on infrastructure development, economic growth, social inclusion, and governance reforms, aligned with the administration’s THEMES+ agenda.

At the signing ceremony held at the State House in Ikeja, Sanwo-Olu highlighted the budget’s importance in advancing the vision of a “Greater Lagos” and expressed gratitude to the legislature for its swift approval.

“This is the second of four budgets during my second tenure, and it represents another opportunity to scale up impact for the benefit of Lagosians,” he stated.The budget allocates ₦2.07 trillion to capital expenditure (62% of the total) and ₦1.295 trillion to recurrent expenditure. This heavy capital investment underscores the administration’s commitment to accelerating infrastructure projects and improving residents’ quality of life.Sanwo-Olu also urged Lagosians to protect public infrastructure, warning against vandalism and neglect. He praised the efforts of various stakeholders, including the Ministry of Economic Planning, Ministry of Finance, and the Lagos State House of Assembly, for their role in preparing the budget.

The governor assured residents that the government is committed to achieving a 90-95% implementation rate, as seen in previous budgets. “This budget will significantly impact every part of Lagos State,” he added, calling on the civil service and public stakeholders to ensure its successful execution.

Sanwo-Olu reaffirmed his administration’s dedication to using resources efficiently to benefit all Lagosians.