Speaker of the Lagos State House of Assembly, Mudashiru Obasa, has stressed that the proposed ₦4.237 trillion 2026 budget must align with the people’s aspirations and address the most pressing social and economic needs.
Obasa made the remarks on Tuesday during Governor Babajide Sanwo-Olu’s formal presentation of the 2026 Appropriation Bill, tagged the “Budget of Shared Prosperity,” at the Lagos Assembly Complex.
The Speaker emphasised that the budget should:
- Reinforce economic resilience
- Improve welfare and social services
- Strengthen security
- Drive sustainable infrastructure development across all communities
He noted that Lagos’ progress has been built on “hard work, creativity, and laws that encourage innovation,” highlighting the Assembly’s record under his leadership, which includes over 100 laws and 1,500 resolutions in ten years.
“Our greatness is not built on arrogance but on unity, sophistication, and a deep commitment to building for the future,”
Obasa said, adding that these values must guide decisions on the 2026 spending plan.
The Speaker commended Governor Sanwo-Olu’s team for crafting a comprehensive budget that mirrors Lagos’ pursuit of inclusive growth, noting that key sectors such as healthcare, education, transportation, security, and governance are rightly prioritised.
Obasa reaffirmed the Assembly’s role in supporting the executive through legislation that improves residents’ quality of life, promotes socio-economic expansion, and strengthens local governance frameworks.
He also acknowledged the governor’s “astuteness, courage, and resilience” in managing economic pressures while driving major infrastructural projects, reinforcing Lagos’ status as an economic powerhouse.
Lawmakers were reminded of their constitutional duty to thoroughly examine the bill and ensure it serves the collective interests of Lagos residents.
Obasa further praised President Bola Tinubu’s leadership, noting that the Renewed Hope Agenda has delivered measurable national improvements, including ongoing road, bridge, and power projects, and cited the recent naira appreciation as a sign of growing economic confidence and stability.
