Lagos State Budget 2026
South West Zone • Capital: Ikeja • “Budget of Shared Prosperity”
₦4.24T
Total Budget
₦3.12T
IGR
₦2.19T
Capex
Total Budget
₦4.24T
₦4,237,000,000,000 (full naira)
Capital Expenditure
₦2.19T
51.6% of total
Recurrent Expenditure
₦2.05T
48.4% of total
IGR
₦3.12T
Internally Generated Revenue
Federal Allocation (FAAC)
₦874.0B
20.6% of total
Budget Deficit
₦243.0B
Spending exceeds revenue
Capital vs Recurrent Expenditure
₦2.19T Capital (51.6%)
₦2.05T Recurrent (48.4%)
Sector Allocation Breakdown
Education
₦249.0B
5.9% of budget
Infrastructure
₦1.37T
32.4% of budget
Health
₦338.0B
8% of budget
Security
₦185.0B
4.4% of budget
Agriculture
₦112.0B
2.6% of budget
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