Sanwo-Olu Presents 2025 Budget Estimates: A Budget of Renewal for Lagos State

Lagos State Governor, Babajide Sanwo-Olu, has presented the 2025 Budget estimates to the Lagos State House of Assembly today. The budget, tagged “Budget of Renewal,” is estimated at N2.246 trillion. This development comes as the Federal Executive Council (FEC) has approved the 2025 Budget proposal of N47.9 trillion for Nigeria.

Similarly, Oyo State Governor, Seyi Makinde, has also presented the 2025 Appropriation Bill to the state’s House of Assembly, with a focus on infrastructure development and education. The presentation of the budget estimates is a significant step towards ensuring the effective allocation of resources and the implementation of key projects in Lagos State.

Governor Sanwo-Olu’s administration has been focused on delivering infrastructure projects, improving education, and enhancing the overall quality of life for Lagosians. The 2025 Budget estimates are expected to build on these efforts, with a focus on completing ongoing projects and initiating new ones that will drive economic growth and development in the state.

As the budget proposal is reviewed and debated by the House of Assembly, it is expected that the final budget will reflect the needs and priorities of Lagos State residents. The budget is expected to allocate funds to critical sectors such as education, healthcare, infrastructure, and security.

The presentation of the budget estimates is also a demonstration of the Sanwo-Olu administration’s commitment to transparency and accountability in governance. The budget proposal is expected to be made available to the public, allowing citizens to review and provide feedback on the budget.

In a statement, Governor Sanwo-Olu said, “The 2025 Budget estimates are designed to drive economic growth and development in Lagos State. We are committed to completing ongoing projects and initiating new ones that will improve the quality of life for our citizens.”

The Lagos State House of Assembly has promised to thoroughly review the budget proposal and ensure that it aligns with the needs and priorities of the state. The Assembly’s Speaker, Mudashiru Obasa, said, “We will work closely with the executive arm of government to ensure that the budget is passed in a timely manner and that it reflects the needs and priorities of our citizens.”

Overall, the presentation of the 2025 Budget estimates is a significant step towards ensuring the economic growth and development of Lagos State. The budget proposal is expected to drive investment, create jobs, and improve the quality of life for citizens.