Lagos Assembly receives Sanwo-Olu’s request for budget reordering

Lagos State House of Assembly has received a letter from the Lagos State Governor, Babajide Sanwo-Olu, seeking the reordering of the 2026 Budget, christened the “Budget of Shared Prosperity”.

The letter, which was read before the House by the Clerk, Mrs Adenike Oshinowo, outlined the priorities and rationale behind the proposed budget reordering.

Leading the debate, the Chairman of the Committee on Economic Planning and Budget, Hon. Olumoh Sa’ad, noted that the 2026 Budget had recorded about 69 per cent performance, stressing that the proposed reordering had become necessary to ensure that available resources were channelled towards priority areas.

He suggested that the development could provide an opportunity for the Governor to reconsider the proposed ₦200 billion bond recently presented to the House for consideration.

Contributing, Hon. Aro Moshood described the reordering as part of the dividends of democracy, expressing hope that it would further address the needs of Lagosians across the nooks and crannies of the state.

Commending the budget performance so far, Hon. Gbolahan Yishawu advocated the reallocation of funds to projects that were progressing and nearing completion. He stressed the need for projects to be adequately funded based on their scope and level of execution.

While noting that some capital projects had made significant progress, he said others were still ongoing and required sustained funding for completion.

Calling for greater attention to environmental challenges, particularly drainage and flood-control projects, Hon. Kehinde Joseph stressed that adequate funding should be provided for interventions that would help address flooding and improve the quality of life of residents.

Following the contributions, the Speaker, Rt. Hon. Mudashiru Obasa, committed the proposed reordering to the Committee on Economic Planning and Budget, directing it to report its findings within two weeks.

Subsequently, the House adjourned until Monday, 31 August 2026, at 12 noon.