Lagos State 2025 Budget:
- Total budget size: N3.005 trillion
- Themed: “Budget of Sustainability”- – Structured around 5 key pillars: Infrastructure, Sustainability, Economic, Diversification, and Institutional Reforms
Budget Breakdown:
- Total revenue: N2.597 trillion
- Deficit financing: N408.902 billion
- Recurrent expenditure: N1.239 trillion (41%)
- Capital expenditure: N1.766 trillion (59%)
Sectoral Allocation:
- Economic Affairs: N908.699 billion
- Environment: N233.176 billion
- Health: N204.005 billion
- Education: N208.376 billion
- Security, Safety and Public Order: N124.073 billion
- Social Protection: N47.077 billion
Lagos State Governor, Babajide Sanwo-Olu, has presented the 2025 Appropriation Bill to the State House of Assembly, proposing a total budget size of N3.005 trillion . The budget, themed “Budget of Sustainability,” is designed to ensure continuity, resilience, and prosperity for Lagosians.
The budget is structured around five key pillars: Infrastructure, Sustainability, Economic, Diversification, and Institutional Reforms. It comprises a total revenue of N2.597 trillion and a deficit financing of N408.902 billion.
Here’s a breakdown of the budget:
- Total Overhead Cost: N722.586 billion
- 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
- Capital Expenditure: N1.766 trillion
- Capital expenditure: N1.452 trillion
- Repayments: N313.515 billion
The sectoral allocation includes:
- Economic Affairs: N908.699 billion
- Environment: N233.176 billion
- Health: N204.005 billion
- Education: N208.376 billion
- Security, Safety and Public Order: N124.073 billion
- Social Protection: N47.077 billion
The recurrent expenditure represents 41% of the budget, while capital expenditure represents 59%.
