NEWS: GOV. SANWO-OLU PRESENTS N3TRN 2025 BUDGET TO LAGOS ASSEMBLY

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Lagos Governor Babajide Sanwo-Olu has submitted a proposed budget for 2025 to the state House of Assembly, totaling N3.005 trillion.

Sanwo-Olu underlined the budget’s emphasis on sustainability and infrastructure development during her briefing to MPs in Alausa on Thursday.

Known as the “Budget of Sustainability,” it aims to concentrate on capital investments that promote economic development and growth.

According to a budget breakdown, N1.2 trillion was set aside in the budget presented to the MPs for the recurrent budget in the upcoming year, while N1.7 trillion was recommended for the capital budget.

“Total revenue comprises our Internally Generated Revenue of  N1,970,897,000,000, and total Federal Transfers of  N626,137,000,000,” the governor said.

Deputy Governor, Dr. Femi Hamzat, and Speaker, House of the Assembly, Mudashiru Obasa, among other dignitaries, were in attendance.

See the governor’s full speech below:

BEING THE TEXT OF AN ADDRESS DELIVERED BY THE GOVERNOR OF LAGOS STATE, MR BABAJIDE OLUSOLA SANWO-OLU, AT THE PRESENTATION OF YEAR 2025 BUDGET PROPOSALS TO THE LAGOS STATE HOUSE OF ASSEMBLY, ON THURSDAY, NOVEMBER 21, 2024

 

‘BUDGET OF SUSTAINABILITY’

Protocol.

 

  1. The Right Honourable Speaker and Distinguished Members of the Lagos State House of Assembly, it is with a great sense of duty that I stand before you today to present the Year 2025 Appropriation Bill, the second full year budget of this administration’s second term in office.

 

  1. My appreciation goes to the 10th Lagos State House of Assembly under the dedicated leadership of Rt. Hon. Mudasiru Obasa, for your unwavering commitment to our shared vision for a Greater Lagos. As we progress towards the halfway mark of our second term journey, I look forward to continued collaboration.

 

  1. This 2025 budget, aptly themed the “Budget of Sustainability,” is not just a fiscal document but a blueprint for continuity, resilience, and shared prosperity for every Lagosian. As the heartbeat of Nigeria and the economic hub of Africa, Lagos stands at a crossroads, confronted by a nexus of challenges that test our resolve and of opportunities that call for bold action.
    1. In crafting this budget, we have listened to your voices, studied global and local economic realities, and reaffirmed our commitment to ensuring that Lagos continues to thrive sustainably for generations to come.

     

    1. The “Budget of Sustainability” embodies the values that have always defined us as Lagosians: resilience, innovation, inclusivity, and sustainability. It speaks to our vision of balancing the pressing needs of today with the undeniable responsibility of securing the future.

     

    1. This budget is structured around five key pillars designed to ensure economic stability, environmental stewardship, and social equity:
    • Infrastructure Sustainability
    • Economic Diversification
    • Social Inclusion and Human Capital Development
    • Environmental Sustainability
    • Governance and Institutional Reforms
      1. Allow me to elaborate on each of these five pillars:

       

      Infrastructure Sustainability:

       

      1. Mr. Speaker, continuous investments in infrastructure are the backbone of our development agenda. The Greater Lagos we envision will emerge on the back of high-quality infrastructure that keeps pace with population growth. Our focus is therefore on ensuring the durability, functionality, and adaptability of our physical assets to meet the ever-growing demands of our people.

       

      1. In the coming fiscal year, we will be prioritizing the maintenance, upgrade and expansion of existing road networks, bridges, rail systems and drainage infrastructure, to enhance mobility and to mitigate the impact of climate change. Digital infrastructure is not left out, in line with our vision for a truly 21st century megacity.

      Economic Diversification

       

      1. To secure a resilient economy, we must reduce over-reliance on any single sector. This budget emphasizes the development of non-oil sectors such as technology, agribusiness, manufacturing and the creative industries, entertainment and tourism.

       

      1. Through our Lagos State Employment Trust Fund (LSETF) and other initiatives, we will support micro, small, and medium enterprises (MSMEs) with financing, training, and market linkages. This strategy will not only create jobs but also enhance local production, thereby reducing dependency on imports, strengthening our supply chains, and enriching our local communities.

       

      1. Empowering our creatives will create new avenues for prosperity, and give added meaning to the lives of multitudes of young people. Our focus on tourism development using our rich culture and historical landmarks will boost revenues, attract foreign exchange, and position Lagos as a truly competitive global destination.

       

      Social Inclusion and Human Capital Development

       

      1. At the heart of all responsible and responsive governance lies people, and their interests and wellbeing. Indeed, without people, there is no democracy. This pillar prioritizes investments in education, healthcare, and social welfare to ensure that no one is left behind.

       

      1. We are expanding access to quality education and healthcare by constructing more facilities, equipping them, and hiring and motivating qualified personnel. Furthermore, targeted programs will address the needs of vulnerable groups, including women, children, and persons living with disabilities, providing a safety net for the most disadvantaged in our society.

       

      Environmental Sustainability

       

      1. As a coastal state, Lagos is uniquely vulnerable to the effects of climate change. This budget underscores our commitment to environmental protection and sustainability. We will continue to implement initiatives such as the Lagos State Climate Adaptation Resilience Plan to reduce greenhouse gas emissions and promote renewable energy.

       

      1. Our waste-to-wealth initiatives will not only create jobs but also ensure a cleaner environment. Additionally, we are implementing tree-planting campaigns, and investing in flood management infrastructure to protect lives and properties.

       

      Governance and Institutional Reforms

       

      1. Effective governance is the foundation of sustainable development. This pillar focuses on strengthening institutions, ensuring accountability in public service delivery, and guaranteeing the safety and security of lives and property in Lagos State.

       

      1. We are committed to leveraging technology to improve the efficiency of our operations through e-governance systems. The continued reform of revenue collection systems will eliminate leakages, ensuring that every naira is used for the benefit of the people.

       

      1. Additionally, we will deepen citizen engagement through town hall meetings and other feedback channels, ensuring that government remains responsive and accountable to the people.

       

      OUR JOURNEY SO FAR:

       

      1. Mr. Speaker, Honourable Members of the House, as we present the 2025 Budget proposal, titled BUDGET OF SUSTAINABILITY, we have approached its development with thoughtful deliberation, aligning closely with our THEMES+ governing agenda. This budget provides an opportunity to renew hope for every Lagosian, and to deliver sustained relief in these challenging times.

       

      1. This 2025 Budget I am presenting today is a continuation of the efforts laid out in our previous budgets, as follows:
      • Year 2020: The Budget of Awakening to a Greater Lagos
      • Year 2021: The Budget of Rekindled Hope, against the backdrop of the Covid-19 pandemic and the END-SARS protests.
      • Year 2022: The Budget of Consolidation, reflecting its status as our final full-year budget before the 2023 elections
      • Year 2023: The Budget of Continuity, our transition budget, between the first and second terms.
      • Year 2024: The Budget of Renewal, echoing the “Renewed Hope” aspiration of the Federal Government’s 2024 Budget.

       

      1. I will now start to highlight the major accomplishments that we have achieved over the year, through the disciplined implementation of the 2024 Budget, which this Honourable House graciously approved and has provided oversight for, and which the 2025 Budget seeks to build upon.

      PILLAR ONE: INFRASTRUCTURE SUSTAINABILITY:

      Road Network Redesign & Expansion:

       

      1. In 2019, our Traffic Management Intervention Plan (TMIP), aimed at optimizing the utilization of carriageways, pedestrian walkways, parks, and garages, identified about 60 Junctions/Corridors for intervention. 49 of these projects have now been completed, with 11 ongoing.

       

      1. Among the newly completed works, the Ikeja underpass near Computer Village is now fully operational, significantly enhancing traffic flow. Notable ongoing projects include the Allen/Toyin Roundabout and Ikorodu Roundabout which are both nearing the completion stage, as well as the construction of multiple laybys at Ketu.

       

      1. In the area of road construction and repairs, we have completed 36 road projects, including bridges, link bridges, and pedestrian infrastructure, all of which are scheduled for commissioning soon. In addition to these completed projects, 51 others are at various stages of development, across all five divisions of the State.

       

      1. These include:
        1. Arowojobe Link Bridge and Approach Road, Mende, Maryland
        2. Sand Zero Road, Oyingbo
        3. Platinum Road, Igbokusu
        4. Babafemi Dada Bridge and adjoining roads: Yinka Folarin, Jamiu Lawal, and Shalom Academy Road Network
        5. Samuel Ekundayo Road
        6. Abaranje Road
        7. Eluku Street/Mosafejo, Agbowa Ikosi
        8. Adamo-Akanun-Agunfoye Lugbusi Roads
        9. Oba Dosunmu Road, Ikeja GRA
        10. Oduduwa Way and Oduduwa Crescent, Ikeja GRA
        11. Sasegbon Street, Ikeja GRA
        12. Alternative Route to Admiralty Circle Toll Plaza
        13. Upgraded Sobo Arobiodu Street, Ikeja GRA
        14. Rehabilitation/Upgrading of the Lekki-Epe Expressway: Phase IIA (18.600 km) and Phase IIB
        15. Iwaya Road (1.450 km)

       

      1. Under our Bus Reform Initiative (BRI), we are developing new BRT Bus terminals, with ongoing projects at various stages of completion. The detailed engineering design and construction of the Abule Egba Bus Terminal are progressing well.

       

      1. Similarly, work on the Iyana Ipaja Bus Terminal is advancing, while the Ajah Bus Terminals & Depots, along with the Addo Road Junction Improvement and Pedestrian Bridge, are nearing completion.

       

      1. Additionally, the construction of BRT infrastructure along the Lagos-Badagry Expressway is progressing, with the section from Doyin Orile to Mile 2 currently under development.

      Rail:

      1. We made history once again this year with the completion and commissioning of the first phase of the 27-kilometer Red Line rail by His Excellency, President Bola Ahmed Tinubu GCFR on February 29, 2024. This rail line, on which passenger operations commenced on October 15, 2024, is expected to serve 500,000 passengers per day.

       

      1. This initial phase covers a 27-kilometer stretch from Agbado in Ogun State to Oyingbo in Lagos, with eight stations at key areas (Agbado, Iju, Agege, Ikeja, Oshodi, Mushin, Yaba, and Oyingbo), 4 vehicular Overpasses, 3 Pedestrian Bridges, and integration with Ikeja, Oshodi, Yaba and Oyingbo Bus Terminals, among other features.

       

      1. Future work will connect the Red Line with the Blue Line, another part of the LRMT system. I will add that work has commenced on the second phase of the Blue Line, which will extend it from Mile 2 to Okokomaiko.

       

      1. I am also pleased to note that we have recently signed an MOU with the Federal Government’s Ministry of Finance Incorporated (MOFI) to kickstart exploratory work on the development of the 68km Green Line, which will connect Marina to the Lekki Free Trade Zone, along one of the fastest-growing industrial corridors on the continent.

       

      Water:

      1. The Lagos Ferry Services (LAGFERRY) currently operates on 24 routes, utilizing 16 terminals/jetties, deploying 20 commercial boats. Construction is at an advanced stage on 13 new jetties across the State, in addition to the upgrade works ongoing at existing jetties. In May 2024, we launched 15 new high-capacity ferries, fabricated and assembled in Lagos; and we intend to launch a second batch of 10 very soon, bringing the total number to 25.

      Housing:

      1. The Egan-Igando Mixed Housing Scheme in Igando-Ikotun LCDA has delivered 270 housing units, a testament to our commitment to sustainable development and enhancing the well-being of Lagosians.

       

      1. In Amuwo-Odofin, we commissioned the Rising Lagos Apartments and the LBIC/WGC Greater Lagos Flats, adding 204 units of 2-bedroom and 3-bedroom apartments. These projects, executed through a Public-Private Partnership, not only increase the housing stock but also promote inclusivity and economic integration.

       

      1. A historic milestone was also achieved in Agboyi-Ketu LCDA with the completion and commission of Raymond Estate and Sterling Heights under the Akanimodo Housing Scheme. These estates, offering 170 units of diverse housing types, represent the first residential developments independently delivered by a local government under a PPP model in Nigeria.

       

      1. These initiatives go beyond housing—they embody progress, social equity, and the promise of a better future for all Lagosians. Through these efforts, we continue to transform lives and build a resilient and thriving state.

       

       

      PILLAR 2: SOCIAL AND ECONOMIC INCLUSION AND HUMAN CAPITAL DEVELOPMENT

      Healthcare: Ongoing projects include:

      • The New Massey Street Children’s Hospital, on which construction started in 2021, and which will be the biggest pediatric facility in West Africa, is set for completion in 2025.
      • The construction of a 280-bed General Hospital in Ojo, and a Psychiatric Hospital in Ketu Ejinrin, are well underway
      • Infrastructure upgrades at Ibeju Lekki General Hospital and Lagos General Hospital are progressing steadily.
      • An Oncology Centre at Gbagada General Hospital is in the planning and design stage.
      • Land acquisition has been completed for the expansion of Orile-Agege General Hospital.

      Education:

      1. We have completed the construction of new classroom blocks at various schools across the State, including in Alimosho, Ojodu, Apapa, and Ojo; while construction is ongoing at schools in Apapa, Ajah, Itire, Mushin, Agege and other areas.

       

      1. Our focus on creating specialized learning spaces is also evident in the successful renovation and rehabilitation of the Multilingual Centre. The Ministry of Education Building has also undergone renovation, to better serve the needs of our administrators and educators.

       

      1. These projects reflect our determination to create a solid foundation for the educational advancement of our young people, ensuring that every child has access to modern and well-equipped facilities conducive to academic excellence.

       

      1. As you are aware, Lagos State has gone from one state-owned University to three, under our watch, with the establishment of the Lagos State University of Education, and the Lagos State University of Science and Technology, both of which the House graciously supported and approved.

       

      1. We are investing significant resources into ensuring that these Universities operate as centers of educational excellence, building the next generation of professionals who will take Lagos State to the next level.

      Youth Empowerment:

       

      1. Through programs like Lagos Innovates under LSETF, and the Lagos State Employability Support Project, young entrepreneurs receive funding, training, and microcredit support to scale their ideas into viable businesses. Initiatives like the Lateef Jakande Leadership Academy and international leadership training programs underscore our commitment to grooming future leaders.

      PILLAR 3: ECONOMIC DIVERSIFICATION:

      Agriculture:

      1. Our administration has made significant progress in enhancing food security, empowering farmers, and driving economic growth, through initiatives such as our Agri-Innovation Clubs, Agrithon Grants, Youth Homestead Farming projects across 57 LCDAs, Agricultural Scholars Programme, the Lagos Agripreneurship Programme (L.A.P.), Lagos Butchers Academy, Eko Fresh, Cattle Feedlot Project, and our Discount Food Markets across 59 locations.

       

      MSMEs and Startup Support:

       

      1. Lagos State remains a hub for Micro, Small, and Medium Enterprises (MSMEs), driving innovation and economic progress. As an administration, we are steadfast in our commitment to supporting these critical players through initiatives that enhance access to finance, capacity building, and the ease of doing business.

       

      1. The Lagos Market Trader Money initiative provided financial empowerment to 15,000 traders with a grant of ₦50,000 each.

      Through the Lagos State Employment Trust Fund (LSETF), we have disbursed grants and loans to over 15,000 MSMEs, providing critical financial support to businesses.

       

      1. Lagos is also investing in bolstering its position as Africa’s tech hub and startup capital. As one of only two African cities ranked in the Global 100 Cities for vibrant startup ecosystems, Lagos is home to six of Africa’s eight technology unicorns – just a few weeks ago the newest African unicorn emerged right here in Lagos.

       

      1. Other initiatives include the Lagos Innovates Program, Eko Digital Academy, and the Premier Fintech Timbuktoo Hub, a collaboration with the Federal Government and UNDP that will mobilize $1 billion to build skills, create jobs and transform livelihoods.

       

      Arts, Culture, Entertainment and Tourism:

       

      1. Mr. Speaker, Honourable Members of the House, we are making significant progress in revitalizing cultural, religious, and recreational infrastructure across the state.

       

      1. One of the key projects is the redevelopment of the J. Randle Center for Yoruba Culture and History. This iconic site is being transformed into a vibrant hub for cultural preservation and education, celebrating the rich traditions of the Yoruba people while serving as a major attraction for tourists.

       

      1. The historic Agia Tree Cenotaph in Badagry, a symbol of the introduction of Christianity to Nigeria, is being reconstructed to preserve its cultural significance and boost heritage tourism.

       

      1. Efforts are also underway to restore the historic Elemoro Palace in Ibeju-Lekki, and the Princess Erelu Kuti Tomb, commemorating one of Lagos’ most prominent historical figures.

       

      1. Through these projects, this administration is demonstrating its dedication to preserving the State’s history, promoting the creative arts, and enhancing tourism as a driver of economic growth and community development.

      [

      PILLAR 4: ENVIRONMENTAL SUSTAINABILITY:

       

      1. We have awarded contracts for the restoration and protection of the Right of Way (RoW) on six critical natural drainage systems across the state, at Alaba International Market, Ojo, Ojodu, Kosofe, and Ikorodu.

       

      1. This year we signed a Memorandum of Understanding (MoU) with the JOSPONG Group from Ghana to provide innovative solutions for solid and liquid waste treatment. Additionally, we have signed an MoU with Harvest Waste Limited for the implementation of Waste-to-Energy projects, which will transform waste into much-needed renewable energy for the State.

       

      1. To advance sustainable waste management, we are partnering actively with the private sector to scale up impact. For example, partnerships with the Nigerian Bottling Company and Chanja Datti have led to the commissioning of Recycling Banks in four locations: Ijaiye-Ojokoro Estate, Amuwo-Odofin Housing Estate, Festac, and Isolo Housing Estate and Iba Millennium Housing Estate.

       

      1. We have also commissioned Recycling Banks in Schools across Lagos State Education Districts V and VI, which are now fully operational, driving a continuous increase in the collection of recyclables from schools and communities.

       

      1. In our commitment to safeguarding lives and maintaining order, the Lagos State Government has intensified its enforcement of safety and environmental laws through the operatives of KAI and LAGESC.

       

      1. Through the efforts of LASPARK, previously blighted areas characterized by illegal trading and environmental infractions have been transformed into serene and secure spaces for recreation and leisure. Key locations in Ikoyi, Victoria Island, Lekki Phase 1, Alimosho, Ikeja, Ogba, and other areas have been landscaped and beautified, creating vibrant spaces for sports, relaxation, and community engagement.

      [

      PILLAR 5: GOVERNANCE AND INSTITUTIONAL REFORMS:

      Technology & Service Innovation:

      [

      1. The Lagos State Government has made significant strides in deploying technology to digitize government services, with the goal of improving service delivery, enhancing efficiency, streamlining operations, and positioning Lagos as a leader in innovation.

       

      1. Examples of our efforts in this regard include:
      • Integration of the Cowry Card across all transport platforms, to improve the customer experience and entrench transparency in revenue collection.
      • Launch of the Lagos Revenue Portal (LRP), and the Land Administration e-Portal

       

      • Integration of the LASSRA card as a cashless payment card to access government services such as Healthcare, BRT E-Ticketing, access loan and grants under the Lagos State Employment Trust Fund (LSETF), amongst others.
      • Deployment of electronic tax platforms and real-time revenue monitoring.

       

      • Introduction of the Lagos Citizens’ Portal for key services (e.g., licenses, land registration).

       

      • Digital medical records and centralized health data for disease tracking.

      [

      • Digital property mapping and land use planning with geospatial databases and GIS tools.

       

      • The Lagos State Smart City Project, which includes the construction of a New Tier 3 Data Center in partnership with the private sector, to facilitate the digital delivery of government services to Lagos residents.

       

      • The ongoing KITE Yaba Hub project, to establish a dynamic technology hub in Yaba.

      Security & Public Safety:

      1. We have continued our steadfast commitment to public safety with several key initiatives designed to enhance security and foster greater community engagement, through our increased investments in security infrastructure through the Lagos State Security Trust Fund (LSSTF), which supports law enforcement agencies with advanced equipment and training.

      [

      1. Additionally, we are deploying state-of-the-art surveillance technology, including smart cameras connected to a central Command and Control Centre for real-time monitoring, improving emergency responses and security management across the state.

       

      1. The Lagos Neighbourhood Safety Corps (LNSC) will continue to work alongside the police to improve security in our communities.

       

      1. The expansion of the Lagos State Emergency Call Centre is expected to further boost the coordination of security operations.

       

      1. On a related note, Dolphin Bridge in Ikoyi, the Ijora Causeway Underbridge, Apongbon Underbridge, and Obalende Underbridge—all high-profile locations that were previously occupied by undesirable elements—have now been cleared and restored.

       

      Legal and Judicial Reforms:

       

      1. In a groundbreaking initiative, we have embarked on translating key state laws into Yoruba to ensure wider accessibility and improved public comprehension. This project will utilize cutting-edge AI technology to facilitate the translation of at least 70 laws annually.

       

      1. The translation project will also create a digital library of Yoruba-translated laws, improving legal literacy, encouraging voluntary compliance, and promoting a more inclusive legal environment​​​​​​.

       

      Y2024 BUDGET PERFORMANCE:

       

      Mr. Speaker, Honorable Members of the House:

       

      1. Before I present the details of the 2025 Appropriation Proposal, let me briefly highlight the performance of the Y2024 Budget.

       

      1. As at the third quarter of Y2024, the period ending 30th September 2024, we had implemented N1.423 trillion of the 2024 Budget, representing 84 percent of the prorated estimate of N1.700 trillion.

       

      1. Actual capital expenditure stood at N770.02 Billion, 77 percent of the prorated estimate of N999.44 Billion, and Actual recurrent expenditure at N653.19 Billion, representing 93 percent of the prorated estimate of N701.53 Billion.

       

      YEAR 2025 BUDGET PROPOSAL:

       

      1. Mr. Speaker, it is now my pleasure to present to you today the Y2025 Budget proposal, tagged “Budget of Sustainability”.

       

      1. The Year 2025 Budget as proposed has a total budget size of Three Trillion, Five Billion, Nine Hundred and Thirty Five Million, One Hundred and Ninety Eight Thousand, Four Hundred and One Naira (N3,005,935,198,401), comprising a Total Revenue of Two Trillion, Five Hundred and Ninety Seven Billion, and Thirty Four Million (N2,597,034,000,000) and Deficit Financing of Four Hundred and Eight Billion, Nine Hundred and Two Million Naira (N408,902,000,000).

       

      1. Total Revenue comprises our Internally Generated Revenue of One Trillion, Nine Hundred and Seventy Billion, Eight Hundred and Ninety Seven Million Naira (N1,970,897,000,000), and Total Federal Transfers of Six Hundred and Twenty Six Billion, One Hundred and Thirty Seven Million Naira (N626,137,000,000).

       

      1. We equally propose a recurrent expenditure of One Trillion, Two Hundred and Thirty Nine Billion Naira, Eight Hundred and Eighteen Million Naira (N1,239,818,000,000) comprising total overhead, total personnel cost and recurrent debt service, as follows:

       

      1. Total Overhead Cost: N722.586 Billion, as follows:
      • Overhead: N432.580 Billion
      • Subventions: N139.728 Billion
      • Dedicated Funds: N150.278 Billion
      • Total Personnel Cost: N392.000 Billion
      • Recurrent Debt Charges: N125.232 Billion

       

      1. For Capital Expenditure, we propose a total figure of N1.766,117 Trillion, as follows:
      • Capital expenditure: N1.452 Trillion Naira
      • Repayments: N313.515 Billion Naira

       

      1. Mr. Speaker, Honorable Members of this esteemed House, I hereby present highlights of sectoral allocation in the budget:
      • Economic Affairs – 908.699 billion Naira
      • Environment – 233.176 billion Naira
      • Health – 204.005 billion Naira
      • Education – 208.376 billion Naira
      • Security, Safety and Public Order – 124.073 billion Naira
      • Social Protection – 47.077 billion Naira

       

      1. Mr. Speaker, as you will notice, the budget size is made up of recurrent expenditure of N1.239 Trillion (41%) and capital expenditure of N1.766 Trillion (59%). The deficit financing, which is within our fiscal sustainability parameters, shall consist of external and internal loans and bonds.

       

      CONCLUSION:

       

      1. Mr. Speaker, Honorable Members of the House, let me assure you that this budget is not just a statement of intentions but a practical, actionable framework designed to impact lives.

       

      1. From the students and entrepreneurs in Yaba to the farmers and fishermen in Epe and Badagry, from the business executives and market women on Lagos Island to the factory workers in Ikorodu, this budget is all about the people of Lagos.

       

      1. As we prepare for the approval and implementation of this budget, I urge every one of us to play their part in building a Lagos that endures. Let us remember that sustainability is not just about preserving resources; it is also about creating opportunities for the future while meeting the needs of the present.

       

      1. The progress of a megacity like ours depends on the collaboration between the public and private sectors. To this end, we will remain committed to leveraging public-private partnerships to deliver infrastructure, enhance social services, and turn challenges into opportunities despite limited resources.

       

      1. This administration deeply appreciates the organized private sector for consistently answering our call for collaboration and demonstrating exceptional civic responsibility. The private sector remains a key driver of our shared progress.

       

      1. I also commend the dedication and hard work of our public servants across Ministries, Departments, and Agencies. Your alignment with our vision and tireless efforts have been instrumental in achieving our goals.

       

      1. I extend my heartfelt gratitude to the Rt. Honorable Speaker, Mudashiru Obasa, and the distinguished members of this honorable House for your unwavering support, cooperation, and guidance.

       

      1. To the leaders and members of our great party, the All Progressives Congress (APC) in Lagos State, I am deeply thankful for your trust in our leadership and unwavering encouragement. To our esteemed Royal Fathers, your steadfast support remains invaluable to the success of this administration.

       

      1. To my fellow Lagosians, I am profoundly grateful for the trust you have placed in me to serve you. I assure you of our continued commitment to delivering impactful governance and improving the quality of life across our state.

       

      1. I urge everyone to keep supporting this administration by upholding the law, paying taxes in full and on time, staying vigilant, and sharing valuable information that will enhance our collective safety and security.

       

      1. Once again, dear Lagosians, I invite you to join hands with us as we move resolutely towards achieving the Greater Lagos we all envision. The future is bright, and I reaffirm our commitment to fulfilling all our promises to you.

       

      1. Mr. Speaker and esteemed members of the Lagos State House of Assembly, I hereby present the 2025 Budget Proposals of the Lagos State Government, aptly titled the ‘Budget of Sustainability.’

       

      1. Thank you, and may God bless you all!

       

      1. May God bless Lagos State!

       

      1. Long live the Federal Republic of Nigeria!

       

      1. BABAJIDE OLUSOLA SANWO-OLU

      GOVERNOR OF LAGOS STATE

      NOVEMBER 21, 2024

 

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