Lagos Assembly Confirms Receipt of Governor Sanwo-Olu’s Request To Present 2026 Budget

The Lagos State House of Assembly has confirmed receipt of the request from Governor Babajide Sanwo-Olu to schedule a substantive date for the presentation of the 2026 Appropriation Bill.

During the plenary session on Monday, November 17, presided over by the Speaker, Rt. Hon. Mudashiru Obasa, Governor Sanwo-Olu’s letter, which outlines a proposed total budget estimate of ₦4.237 trillion for the 2026 fiscal year, was read on the floor of the House by the Clerk, Barr. Olalekan Onafeko,

In his letter, Governor Sanwo-Olu expressed his appreciation for the sustained collaboration and constructive engagement between the executive and the Obasa-led assembly, adding, “The unwavering support of this House has been instrumental in driving our development agenda and delivering key initiatives that continue to improve the quality of life across Lagos State.”

Governor Sanwo-Olu added that these collective efforts have strengthened governance, enhanced public trust, and ensured steady progress in fulfilling their shared mandate to the people of Lagos.

The governor has proposed a total budget estimate of ₦4.237 trillion for the 2026 fiscal year, with Internally Generated Revenue expected to contribute N3. 119trillion while federal transfers of N874billion are expected.

The recurrent expenditure is pegged at N2. 048trillion while capital expenditure is N2. 188trillion.

According to the governor, “This represents a 25% increase over the Y2025 Revised Budget and reflects our confidence in the capacity of the state to achieve its developmental ambitions.”

Thereafter, he asked that the House fix a favourable date for the formal presentation of the 2026 Appropriation Bill.

Responding, Speaker Obasa welcomed the governor’s communication and highlighted the responsibility of the Assembly to engage in thorough deliberations.

“As we prepare to discuss this substantial budget proposal, it is imperative that we consider the aspirations of our constituents and ensure that our decisions align with their needs,” he remarked.

Meanwhile, during the plenary, the House also nullified the nomination of Mrs. Adebisi Adelabu as the General Manager of the Lagos State Parking Authority (LASPAA).

Presenting the report of the 12-Man Ad hoc Committee on Screening of the Nominees, the Committee Chairman, Hon. Mojeed Fatai, explained that Mrs. Adebisi had been functioning in the capacity of General Manager since 2021 without ever appearing before the House for the constitutionally required confirmation.

He stressed that this breach of legislative procedure was a key factor in the committee’s recommendation for the nullification of her appointment.

Following deliberations, and in accordance with Section 92 of the Lagos State Transport Reform Law, the House adopted the committee’s recommendation and formally nullified her nomination.

However, the Assembly confirmed the nominations of Mrs. Adeyemo Khadijat as the Executive Secretary, Lagos State Water Regulatory Commission, and Mrs. Adepoju Adebajo as the chairman, Lagos State Employment Trust Fund (LSETF).

Speaker Obasa commended the Ad Hoc Committee for its diligence and reaffirmed the Assembly’s commitment to due process, accountability, and the appointment of only qualified and properly screened individuals to positions of public trust for the benefit of all Lagosians.