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JUST IN: Lagos Assembly Approves N3.37trn 2025 Budget, Passes LG Bill

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The Lagos State House of Assembly has approved a total budget of N3,366,815,224,144 for the 2025 fiscal year.

The approval, which was granted on Monday, followed the presentation of a report by the Chairman of the Joint Committee on Appropriation and Finance, Sa’ad Olumoh, during a plenary session presided over by Speaker Mudashiru Obasa.

READ MORE: JUST IN: Canada PM Resigns Amid Political Crisis

The budget, themed the “Budget of Sustainability,” was earlier presented to the House on November 21, 2024, by Governor Babajide Sanwo-Olu.

According to the governor, the budget is designed as “a blueprint for continuity, resilience, and prosperity for residents.”

Governor Sanwo-Olu outlined that the 2025 budget has a total size of N3,005,935,198,401, with a revenue projection of N2.597 trillion and a deficit financing of N408.902 billion.

The deficit, he said, would be funded through external and internal loans, as well as bonds.

Sanwo-Olu noted that the budget focuses on five critical pillars: “Infrastructure Sustainability, conomic Diversification, nstitutional Reforms

Revenue Breakdown:

Internally Generated Revenue (IGR): N1.970 trillion

Federal Transfers: N626.137 billion

The governor proposed N1.239 trillion for recurrent expenditure, comprising the following: “Total Overhead Cost: N722.586 billion, Overhead: N432.580 billion, Subventions: N139.728 billion, Dedicated Funds: N150.278 billion, Total Personnel Cost: N392 billion, Recurrent Debt Charges: N125.232 billion.

Capital Expenditure:
For capital projects, Sanwo-Olu proposed a total of N1.766 trillion, with N1.452 trillion allocated for capital development and N313.515 billion for loan repayments.

Sectoral Allocations

The sectoral breakdown of the budget 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 budget dedicates 41% to recurrent expenditure and 59% to capital expenditure.

The House, after deliberations, approved a revised budget of N3.37 trillion, with N1.295 trillion for recurrent expenditure and N2.071 trillion for capital projects.

Speaker Obasa directed the Clerk of the House, Barrister Olalekan Onafeko, to transmit the clean copy of the passed bill to Governor Sanwo-Olu for his assent.

Commending his colleagues for their efforts, Obasa said the budget would ensure Lagos remains on the path of growth and sustainability.

Local Government Consolidation Bill Passed

In a related development, the Assembly also passed a bill consolidating all existing laws on local government administration in Lagos State.

The bill incorporates recent constitutional amendments and directives from the National Assembly to enhance local governance.

Speaker Obasa described the passage as a step toward strengthening the effectiveness of local government administration in the state.

Governor Sanwo-Olu is expected to sign the budget and the local government law in the coming days.

 

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Terror Threats: Osun Establishes Joint Security Task Force

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Four gang-killed two in Osun, destroy N8M properties

In response to the recent security alerts, the Osun State Government has approved the establishment of a Joint Security Taskforce to strengthen security response and alert to threats to lives and properties in the state.

According to a government house statement on Thursday, to ensure smooth take off of the JTF, the state government declared its readiness to provide all necessary logistics that will strengthen the protection of lives and property of the people throughout Osun State .

The decision was adopted at the State Security Council (SSC) meeting convened yesterday by Governor Ademola Adeleke and presided over by the Deputy Governor, Prince Kola Adewusi with the new Commissioner of Police personally in attendance alongside other security top brass.

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The Deputy Governor while opening the meeting conveyed the best wishes of the state Governor to the service commanders and lauded their steadfastness during recent security challenges and tasked them not to relent in the face of fresh security threats.

Accompanied by the Attorney General of the state, Hon Wole Jimi-Bada; the Head of Service, Elder Ayanleye Aina; and the Governor’s Special Adviser on Security, Mr Samuel Ojo, the Deputy Governor told the commanders that the governor is committed to further empowering the security agencies to secure the state while calling on the traditional rulers to sustain their local security oversight.

The Council during its deliberations also used the opportunity of the meeting which lasted several hours to further allay the fears of the residents on their security and protection, noting that Osun state remains safe and secured.

The Council further tasks residents to be extra vigilant particularly in churches, mosques and schools, tasking stakeholders to put extra security measures around their premises.

While assuring the public of their safety, the Council further requested timely intelligence sharing to security agencies by members of the public to forestall attacks by suspected terrorists and bandits.

The Nigeria Police in conjunction with other security agencies were also directed to be on a 24 hour red alert to curtail the threats of the said bandits and terrorists.

At the meeting, an agreement was also reached between the Ministry of Justice, the Nigeria Police, and the DSS, to collaborate with a view to ensuring that all the suspects are properly investigated and prosecuted accordingly without delay.

The meeting ended with a commendation of the new Commissioner of Police, Mr Ibrahim Zungura for instituting policing reforms since his assumption of office and for attending the security meeting in person.

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Shettima Arrives Yola to Condole With Bamanga Tukur’s Family

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Vice President Kashim Shettima has arrived in Yola, Adamawa State, to lead a Federal Government delegation on a condolence visit to the family of the late elder statesman, Alhaji Bamanga Muhammad Tukur.

Shettima’s visit is at the instance of President Bola Ahmed Tinubu, following the death of the former Governor of the old Gongola State and former National Chairman of the Peoples Democratic Party (PDP).

The Vice President was received in Yola by Adamawa State Governor, Ahmadu Umaru Fintiri, alongside members of the state executive council.

Tukur, who died on September 12, 2026, was a prominent businessman, politician and elder statesman whose career in public service and business spanned several decades.

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He served as Governor of the defunct Gongola State and later became National Chairman of the PDP. He was also recognised for his contributions to Nigeria’s political development and Africa’s business community.

The presidential delegation accompanying Shettima includes the APC Deputy National Chairman (North), Hon. Ali Bukar Dalori; former Minister of Transportation, Senator Sa’idu Ahmed Alkali; Deputy Chief of Staff to the President (Office of the Vice President), Senator Ibrahim Hassan Hadejia; and Senior Special Assistant to the President on National Assembly Matters (Senate), Senator Abdullahi Abubakar Gumel.

Others on the delegation are Hon. Abdulrazaq Sa’ad Namdas; Sarkin Gabas Adamawa, Dr Mahmood Halilu Ahmed (Modi); and APC National Vice Chairman (North-East), Comrade Mustapha Salihu, among others.

The condolence visit comes as political leaders, government officials and other Nigerians continue to mourn the death of the former governor and PDP national chairman.

 

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Borgu: ‘We Must Never Normalise the Killing of Nigerians’ — Peter Obi

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Peter Obi has condemned the reported killing of some Nigerians abducted in Borgu, Niger State, saying the country must never normalise the killing of its citizens.

Obi made this known in a statement released via X on Wednesday, where he described the reports emerging from Borgu as increasingly difficult to comprehend and deeply painful.

He recalled that on August 27, he had expressed his anguish over the reported abduction of about 600 Nigerians, including women, children and elderly people, alongside the killing of others.

ALSO SEE: ‘You Should Not Have to Leave Nigeria to Succeed’ – Peter Obi Tells Nigerian Youth

According to him, his anguish has deepened following continuing reports of the gruesome killing of some of those abducted, while many others remain unaccounted for.

Obi also referred to another disturbing incident in which a bandit group reportedly beheaded a Nigerian and sent his severed head to a community leader over a ₦50 million levy.

“If the reported killing was intended to increase pressure on the community and extract more money for those still being held, then we must recognise the terrible reality before us: human life is being deliberately turned into a bargaining instrument,” he said.

The former Anambra State governor said one person being killed to terrorise an entire community while others are kept alive as hostages for more ransom amounts to the systematic devaluation of human life.

“These are not statistics. They are Nigerians. They are mothers, fathers, children, brothers, sisters and elderly people,” Obi said.

He questioned how long the country would continue to accept the kidnapping of hundreds of citizens, killings, criminal levies, displacement and ransom payments as unavoidable features of Nigerian life.

Obi said insecurity also affects families, farms, businesses, education and public confidence in government.

He called for intelligence-led operations, stronger community security, rapid response, better coordination and equipment for security forces, effective border protection and sustained action against criminal networks.

“The primary responsibility of government is the security and welfare of its citizens,” he said.

“While politicians prepare for elections, Nigerians are asking for something more fundamental: the right to live.”

Obi urged the government to match prayers with action, insisting that no criminal group should determine who lives or dies anywhere in Nigeria.

“Every Nigerian life matters. Every victim deserves justice. Every community deserves protection. Nigeria must restore security, justice, and the dignity of human life,” he added

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