L
agos State agos State Governor, Babajide Sanwo-Olu, on Thursday, presented the state’s 2025 budge to the House of Assembly. The financial plan totalling N3.005 trillion is the biggest ever in the history of Nigeria’s southwest state and the commercial epicentre of the country.
The total figure in the 2025 budget represents a 32.5% increase from the 2024 budget of N2.3 trillion
While explaining key financial elements in the document, the governor noted that N908.7 billion is allocated to capital investment, covering areas such as tourism, agriculture, transportation, and deepening of the infrastructure revamping and modernisation drive of the state for sustainable development.
Besides infrastructure sustainability, economic diversification, social inclusion, human capital development, and environmental sustainability also received robust financial attention in the budget in response to the global climate change crisis.
The Governor also praised his administration’s performance in many sectors of the economy and road construction, announcing that his administration would commission soon 30 road projects and bridges. He also mentioned a partnership with “the Federal Government to initiate the development of the 68-km Green Line, connecting Marina to the Lekki Free Trade Zone.”
