Breaking! Governor Presents N3 Trillion 2025 Budget to State House of Assembly, Tagged "Budget Of Sustainability"

The Governor of Lagos State, Babajide Sanwo-Olu, has presented a proposed budget of N3.005 trillion for the 2025 fiscal year to the Lagos State House of Assembly. Tagged the "Budget of Sustainability," the proposal prioritizes capital projects designed to foster economic growth and infrastructural development.

A breakdown of the proposed budget reveals an allocation of N1.7 trillion for capital expenditure, emphasizing developmental projects that address the state’s expanding needs. Meanwhile, N1.2 trillion is earmarked for recurrent expenditures, reflecting a commitment to the effective management of ongoing operations and services.

Governor Sanwo-Olu highlighted the administration's unwavering focus on key sectors such as education, healthcare, security, and environmental sustainability. He reaffirmed the state government’s dedication to fiscal discipline while addressing pressing issues affecting the lives of Lagosians.

The governor assured residents that the budget aligns with Lagos State’s overarching goals of enhancing socio-economic development and maintaining its position as a leading economic hub in Africa. He noted that the proposal underscores the administration's resolve to leave a legacy of sustainability, resilience, and prosperity.

The budget is now set for review and deliberation by the Lagos State House of Assembly. Upon approval, it will serve as a blueprint for advancing the administration’s developmental agenda in 2025.