The Lagos State House of Assembly has passed the 2026 Appropriation Amendment Bill, approving the reordering of budgetary priorities and increasing the state’s planned bond issuance from N150 billion to N200 billion.
The passage followed a request by Governor Babajide Sanwo-Olu seeking the Assembly’s approval to reorder priorities in the state’s 2026 budget and accelerate the implementation of key capital projects.
The governor’s letter, read by the Clerk of the House, Adenike Oshinowo, was referred by Speaker Mudashiru Obasa to the Committee on Economic Planning and Budget, chaired by Lukmon Olumoh.
Presenting the committee’s report, Olumoh said the review became necessary to ensure a more targeted approach to capital spending during the remaining months of the fiscal year.
He said the reordered priorities would accelerate project execution, improve capital expenditure and address emerging needs across the state.
Under the revised budget, the increase in bond issuance to N200 billion is expected to support critical infrastructure and other development projects.
Projects listed under the reordered priorities include Phase II of the Blue Line Rail Project from Mile 2 to Trade Fair Station, the completion and equipping of the new Massey Street Children’s Hospital and the 280-bed General Hospital in Ojo.
Others are the construction of the Ketu-Ejirin Psychiatric Hospital, completion of the Omu Creek project, acquisition of housing units and provision of drainage systems across the state.
The revised priorities also cover environmental and sanitation programmes along the Coastal Road, maintenance projects, waste management and landfill infrastructure, as well as the replacement of operational vehicles for waste and traffic management.
Security and emergency equipment and the Zero Tolerance for Potholes initiative are also captured in the amended budget.
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During the debate, Aro Moshood called for stronger legislative oversight to ensure that funds are deployed strictly to the approved priorities.
Following the consideration and adoption of the committee’s report, the lawmakers passed the bill.
Speaker Obasa subsequently directed the Clerk to transmit a clean copy of the amended appropriation bill to Sanwo-Olu for assent.
