Lagos Assembly passes 2026 Budget Amendment Bill, approves N200bn bond

Lagos State House of Assembly has passed the 2026 Appropriation (Amendment) Bill into law, paving the mode for the reordering of budgetary priorities and faster implementation of large superior projects crossed the state.

The transition followed the information of a missive from Governor Babajide Sanwo-Olu requesting the Assembly’s support to reorder priorities contained successful the state’s 2026 budget.

The letter, work earlier the lawmakers by the Clerk of the House, Mrs Adenike Oshinowo, was referred by the Speaker, Mudashiru Obasa, to the Committee connected Economic Planning and Budget for consideration.

The committee is chaired by Lukmon Olumoh.

Presenting the committee’s report, Olumoh said the level of fund show had necessitated a reappraisal of the state’s implementation strategy, peculiarly to guarantee a much targeted attack to superior investments during the remaining months of the fiscal year.

He said, “The reordering of priorities volition accelerate task execution and amended the wide show of superior expenditure,...