Lagos earmarks ₦1.052trn for infrastructure in 2025 budget
Lagos State Government has allocated ₦1.052 trillion to infrastructure development in its 2025 budget, aligning with Governor Babajide Sanwo-Olu’s vision of completing ongoing projects across the state.
Commissioner for Economic Planning and Budget, Mr. Ope George, announced this on Friday during the ministry’s Budget Analysis press conference in Alausa, Ikeja. He was joined by top government officials, including Commissioners for Finance, Information, Health, Transport, and Environment, among others.
The 2025 budget, tagged “Budget of Sustainability,” stands at ₦3.367 trillion, with revenue projected at ₦2.968 trillion. Internally Generated Revenue (IGR) is expected to contribute ₦2.230 trillion, with the Lagos State Internal Revenue Service (LIRS) generating 63% (₦1.4 trillion) and other ministries, departments, and agencies (MDAs) contributing the remaining 37% (₦830.177 billion).
The budget will also receive ₦111.839 billion from capital receipts and ₦626.137 billion from federal allocations.
George emphasized that 80% of the budget will be funded internally, reducing reliance on debt. He urged Lagos residents to support the government by paying taxes and complying with regulations, ensuring the vision of a Greater Lagos is achieved.
The Commissioner highlighted the state’s commitment to modernizing infrastructure, with key projects spanning road construction, rail development, bus terminals, housing, and urban renewal.
Among the major projects planned for 2025 are the construction of Samuel Ekundayo/Toga Road in Badagry, Abaranje Road in Alimosho, and Adamo-Akanun-Agunfoye Lugbusi Roads in Ikorodu, as well as the rehabilitation of roads in Ikeja GRA and the Lekki-Epe Expressway Phase IIA (18.6km).
The government also plans to complete the Abule Egba and Ajah Bus Terminals, construct the Iyana-Ipaja Bus Terminal, and the Opebi Link Bridge to Maryland to ease traffic congestion.
In the rail sector, the state aims to complete the Lagos Rail Mass Transit (LRMT) Blue Line Phase II from Mile 2 to Okokomaiko and develop the 68km Green Line rail from Marina to Lekki Free Trade Zone.
Water transport and urban renewal projects include the completion of 13 new jetties and the renovation of existing ones. The government is also focused on housing and community development, with plans to complete 444 housing units at Sangotedo Phase II, 420 units at Ajara-Badagry, and 136 units at Ibeshe II and Epe.
The state will begin construction of a permanent NYSC Camp in Epe and continue technical studies on the long-awaited 4th Mainland Bridge to improve connectivity.
Recognizing the impact of climate change, the government has allocated ₦287.241 billion (8.5%) for environmental protection. Initiatives include drainage construction across all five IBILE divisions to mitigate flooding, waste-to-energy projects in collaboration with the private sector, and urban beautification through the Lagos State Parks and Gardens Agency (LASPARK).
Commissioner for Finance, Mr. Abayomi Oluyomi, reassured residents that 80% of the budget financing will come from internal revenue, with only 10% sourced through borrowing.
He assured that the government will also explore creative financing and partnerships to drive sustainable development.
