Lagos State Governor, Mr. Babajide Sanwo-Olu, today signed the state's 2025 budget, totaling N3.3 trillion, into law. The landmark decision represents a significant milestone in the state’s ongoing commitment to delivering infrastructure, social services, and economic development for its residents.
The 2025 Budget, dubbed the "Budget of Progress and Prosperity," is structured to prioritize critical sectors including infrastructure development, education, healthcare, security, and job creation, all aimed at enhancing the quality of life for Lagosians. It aligns with the administration's vision to solidify Lagos as a smart, sustainable, and globally competitive city.
Governor Sanwo-Olu expressed confidence in the budget’s potential to continue transforming Lagos, saying, “This budget reflects our strong resolve to build a future for Lagos that is resilient, prosperous, and inclusive. It is designed to address the pressing needs of our people and create opportunities for economic growth, while ensuring the well-being of every Lagosian.”
The budget includes a significant allocation to transportation, as part of the governor’s ongoing efforts to improve mobility and ease congestion, with notable projects such as the Blue Line Rail and new roads and flyovers. In the area of education, funding will be directed toward the expansion of schools, digital learning, and scholarship programs for underprivileged students.
The health sector also receives a major boost with an allocation for upgrading hospitals, expanding healthcare facilities, and improving the availability of medical services, especially in underserved areas.
Security is another top priority, with a substantial investment in the State Security Trust Fund (SSTF) aimed at further enhancing the safety and security of residents.
Key highlights of the 2025 Budget include:
N1.1 trillion for infrastructure development, including road construction, the expansion of the rail network, and urban renewal programs.
N450 billion for education, including new schools, teacher training, and educational technology advancements.
N300 billion for healthcare, focusing on the renovation of hospitals and expansion of medical facilities.
N500 billion for economic empowerment and job creation, with targeted programs for youth and women.
N250 billion for security initiatives to enhance the state's safety and address challenges posed by urbanization.
Governor Sanwo-Olu thanked the Lagos State House of Assembly for its collaboration and prompt passage of the budget, emphasizing that it marks a crucial step toward the realization of the government’s developmental agenda for the year 2025.
“I urge every Lagosian to join us in our collective efforts to transform this state. This budget is not just about figures on paper, but a clear reflection of our ambition to move Lagos forward in a sustainable manner,” Governor Sanwo-Olu added.
The governor assured the people of Lagos that the administration will continue to monitor and evaluate the implementation of the budget to ensure the fulfillment of its promises and the effective use of public resources.