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Sanwo-Olu presents N4.24trn budget proposal for 2026 (see breakdown)
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Governor Babajide Sanwo-Olu, on Tuesday, presented a N4.24 trillion budget proposal for 2026 to the Lagos State House of Assembly, describing it as a transformative plan for inclusive growth.
Presenting what he called the last full-year budget of his administration, Sanwo-Olu said the budget proposal would build on the foundations laid by the 2025 Budget of Sustainability and advance the state’s long-term development trajectory.
He tagged the 2026 budget – ‘The Budget of Shared Prosperity’.
“This budget reflects our unwavering commitment to eradicate poverty, expanding opportunities and building a Lagos that works for everyone.
“Our vision remains clear: shared prosperity should not be an aspiration but a lived reality,” the governor said.
Sanwo-Olu said that the spending plan would be anchored on four pillars: a human-centred approach, modern infrastructure, thriving economy, and effective governance aligned with his administration’s THEMES Plus Agenda.
According to him, Lagos has consolidated its status as Africa’s second-largest city economy after Cairo.
He attributed the feat to consistency, innovation and resilience of the state residents.
He highlighted other milestones by Lagos as hosting Africa’s first E1 Electric Powerboat Grand Prix, securing hosting rights for the 2026 Creative Africa Nexus and the 2027 Intra-African Trade Fair.
Sanwo-Olu also highlighted the state’s progress in 2025 across education, healthcare, social protection, transport, housing, environmental management agriculture and technology.
He said that his administration completed more than 250 educational infrastructure projects, expanded healthcare facilities and strengthened the state’s social register.
He added that the state government constructed major roads and bridges, upgraded water transport means, and advanced landmark housing schemes.
“We are shifting from building infrastructure to integrating it.
” We need to emphasise plans to interlink roads, rail, waterways, power systems and digital networks into one functional mobility ecosystem,” Sanwo-Olu said.
On teconomy, the governor said that Lagos secured over one trillion Naira in new investment commitments in 2025 and signed a major Micro, Small and Medium Enterprises (MSME) financing agreement with the Bank of Industry.
He also said that the state launched transformative initiatives such as the N500 billion Lagos Uptake Guarantee Fund aimed at boosting food systems and reducing household pressure.
He reaffirmed the state’s commitment to fiscal discipline, transparency and strengthening of security architecture.
“Good governance is the backbone of development, and Lagosians must remain at the centre of every decision we make,” he said.
Sanwo-Olu commended the House of Assembly for cooperation, saying that its partnership had supported steady progress of Lagos from stability to reform and expansion and then shared prosperity.
“This budget strengthens our mission to build a Lagos that works for everyone,” he said.
He highlighted integrated mobility, climate resilience, social protection, digital advancement, and improved revenue systems as facilitating the development of the state.
The State Government recently announced 80 per cent performance in the implementation of its 2025 Budget of N3.37 trillion.
Speaker of the Assembly, Mr Mudashiru Obasa, applauded the governor for good governance.
He said that the assembly would give the budget proposal accelerated consideration.
The 2026 budget proposal has a revenue projection of N3.99 trillion and deficit financing of N243.33 billion.
Projected internally-generated revenue stands at N3.12 trillion while federal allocation is projected at N874 billion.
The state’s proposed capital expenditure stands at N2.19 trillion and recurrent expenditure, N2.052 trillion, comprising overhead cost, personnel cost and recurrent debt servicing.
General public services got N847.47 billion, public order and safety – N147.040 billion, economic affairs – N1.372 trillion and environment N235.957 billion, while housing got N123.760 billion and health – N338.449 billion.
Recreation got N54.682 billion, education – N249.132 billion and social protection – N70.024 billion.
Sanwo-Olu had, in 2025, presented a budget of ₦3.37 trillion with a revenue estimate of ₦2.97 trillion.
News
INEC set to publish details of 2027 Presidential, National Assembly candidates on August 1
The Independent National Electoral Commission (INEC) will on Saturday, August 1, 2026, publish the particulars of all presidential and National Assembly candidates contesting the 2027 general election for public inspection at its offices across the country.
The publication of the candidates’ details, contained in Form EC9, is in compliance with Section 29(3) of the Electoral Act, 2026, which requires the commission to make the personal particulars of nominated candidates available for public scrutiny within 21 days of receiving them.
Political parties concluded the online submission of the names, personal particulars and other required documents for their presidential and National Assembly candidates on Tuesday, July 14, 2026, after INEC granted a 72-hour extension to the original deadline. ExecutiveBranch
Under the commission’s revised timetable, nominations for presidential and National Assembly candidates were initially scheduled to be submitted between June 27 and July 11, 2026.
Section 29(1) of the Electoral Act, 2026, requires political parties to submit Forms EC9, EC9A, EC9B, EC9C, EC9D and EC9E, containing the names and personal particulars of their nominated presidential and National Assembly candidates, not later than 120 days before the election.
Speaking on whether the 72-hour extension would affect the publication date, INEC Deputy Director of Publicity, Wilfred Osilama Ifogah, said he did not expect any change, although he stressed that he was expressing a personal opinion rather than the commission’s official position.
“I doubt. It might not necessarily affect it. It’s just for the Commission to put the information together and submit it. This is my opinion. I’m not talking officially. When it gets to the time, you will see whether the Commission will publish it or not,” he said.
Meanwhile, the online submission of nominations for governorship and State Houses of Assembly candidates, which commenced on July 18, will continue until August 8, 2026.
INEC has scheduled August 29, 2026, for the publication of the personal particulars of governorship and State House of Assembly candidates through Form EC9.
The commission had earlier conducted party primaries for all elective positions between April 23 and May 30, 2026.
According to INEC’s election timetable, the presidential and National Assembly elections will hold on January 16, 2027, while the governorship and State Houses of Assembly elections are scheduled for February 6, 2027
News
CSOs, Youth Groups Push for Inclusive NYSC Reform, Convene National Dialogue
By Gloria Ikibah
A coalition of civil society organisations and youth groups has announced plans to convene a national dialogue on proposed reforms to the National Youth Service Corps (NYSC), seeking to ensure that the review process reflects the views of Nigerians before the Federal Government takes a final position.
The initiative, being organised by the Centre for Equity, Justice and Transparency in partnership with the Save Nigeria Movement, is expected to bring together policymakers, academics, former corps members, youth organisations, security agencies and other stakeholders to examine the future of the scheme and recommend practical reforms.
Convened by legal practitioners Sorkaa Tsembelee and Patrick Agbese, the one-day dialogue aims to generate a comprehensive working document that will be presented to the Federal Government as part of ongoing efforts to review the NYSC Act.
In a statement issued on Friday, the organisers said the forum was intended to provide an inclusive platform where stakeholders could contribute meaningfully to the reform process.
The statementread: “The essence of this dialogue is for critical stakeholders to make input into the proposed NYSC reforms before the President’s administration takes final decisions.
“We will have senior academics, former corps members, youth groups and other members of society to dissect the proposed reforms thoroughly.
“It will thereafter catalyse into a working document for the Federal Government. We will invite the CDS, the Army and others. Let everyone look at it and say their own.”
Established in 1973 after the Nigerian Civil War, the NYSC was designed to promote national unity, encourage integration among young graduates and foster national development through compulsory service outside their states of origin. Over the decades, corps members have played significant roles in education, healthcare, agriculture and community development, particularly in underserved communities.
However, growing concerns over the safety and welfare of corps members, inadequate funding, deployment policies and questions surrounding the relevance of some aspects of the programme have fuelled calls for a comprehensive review.
The organisers said the dialogue will assess whether the scheme still aligns with its founding objectives while identifying legislative and policy changes needed to address present-day realities.
They maintained that while reforms were necessary, the NYSC’s central mission of promoting national cohesion should be preserved alongside efforts to strengthen skills development, entrepreneurship and youth empowerment.
“This is not about tearing down an institution that has served Nigeria well; it is about refining it with the collective wisdom of those who have lived the experience and those who study its impact.
“Former corps members carry practical insights that policymakers often miss, and we want those voices at the table.
“Youth groups and civil society must not be spectators while decisions that will shape the next generation of Nigerian graduates are taken. The dialogue creates the space for genuine, structured input”, it added,.
According to the organisers, discussions will focus on critical issues including corps members’ welfare, security, orientation camp facilities, deployment procedures, funding mechanisms and the effectiveness of the Community Development Service (CDS) programme.
They added that academics will provide comparative analyses of national service models in other countries, while security agencies would offer institutional perspectives on improving the protection of corps members, particularly those posted to areas affected by insecurity.
“We cannot discuss NYSC reforms without hearing from those who secure the environment in which corps members serve. The CDS and the Army have institutional knowledge that is indispensable.
“Their perspectives on logistics, security and inter-agency coordination will enrich the final document.
“Senior academicians will help us situate the proposed reforms within the broader context of nation-building. We need evidence-based contributions, not just opinions”, the said.
The organisers said the ultimate goal was to produce practical recommendations capable of informing both legislative and executive action.
They explained that the final report would reflect contributions from former corps members, scholars, security agencies, youth organisations and civil society groups, providing government with workable proposals for strengthening the scheme without compromising its original mandate.
“The working document that emerges from this dialogue must be something the government can work with.
“It should reflect the views of those who have served, those who teach, those who protect, and those who advocate.
“Anything less would be a missed opportunity. We are calling on all stakeholders to come prepared to engage constructively.
“The future of the NYSC is too important to be decided in isolation. This national dialogue is our contribution to an open, inclusive process”, the statement further read.
News
No plans to increase electricity tariffs – Power Minister assures Nigerians
The Minister of Power, Joseph Tegbe, has declared that President Bola Tinubu’s administration has no intention to jerk up electricity tariffs beyond the current level.
He disclosed this during a media briefing in Abuja on Friday.
According to him, the Tinubu administration’s priorities are improving electricity service delivery, expanding access to electricity, and ensuring that Nigerians pay only for the electricity they consume.
The minister said that, over the last two weeks, the country has consistently generated 5,000 megawatts of electricity.
“We are already witnessing encouraging improvements in electricity generation. Over the course of the last two weeks, we have consistently generated 5,000MW.
“Permit me to address two issues that have generated considerable public discussion. First, there is no policy by this administration to increase electricity tariffs beyond the current level. Our priority is not a tariff increase in the immediate term. Our priority is service improvement, universal metering, and ensuring Nigerians pay only for the electricity they actually consume,” he stated.
He added that the objective of the Federal Government is to provide reliable electricity to homes across the country.
“Our ambition is clear: reliable electricity that powers our homes.”
Tegbe’s comments come amid debate over a fresh electricity tariff hike, fuelled by remarks made by Tinubu’s Special Adviser on Power Infrastructure, Sadiq Wanka.
Nigerian electricity consumers have kicked against the proposed electricity tariff hike.
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