Lagos LG chair presents ₦5.4bn 2026 budget

Ikorodu LG chairman, Prince Adedayo Ladega presenting budget to Mr Wasiu Shotomiwa, Leader of the House…Photo Credit: NAN

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The Executive Chairman of Ikorodu Local Government Area of Lagos State, Adedayo Ladega, has presented a ₦5.4bn 2026 budget proposal to the legislative arm of the council.

Ladega, while presenting the budget, tagged “Budget of Prosperity”, on Monday, said the proposal represented a 24.3 per cent increase over the 2025 approved appropriation.

He said the council’s internally generated revenue was projected at ₦184,450,000, while allocation from the federation account was estimated at ₦1,242,950,352.43 and value-added tax at ₦3,756,695,711.89.

According to him, state-coordinated revenue was projected at ₦91,500,000, while other FAAC-related allocations stood at ₦134,409,723.56.

He added that total recurrent expenditure was estimated at ₦2,736,732,534.

Ladega described the budget as realistic, practical and people-focused, noting that it was designed to improve the lives of Ikorodu residents through enhanced security, strengthened education, improved primary healthcare and the delivery of development projects.

He thanked President Bola Tinubu for giving the council the opportunity to plan and prepare for effective execution, adding that much could be achieved with the available allocation.

The chairman said that within his first 100 days in office, significant changes had been recorded at the council, stressing that with the support of staff, residents would continue to feel the impact of his administration.

According to him, the administration is guided by the S.E.E.D. Agenda, Security, Education, Enhanced healthcare and Development, aimed at boosting economic and infrastructural growth in the area.

He highlighted some achievements since assuming office to include a mega empowerment programme for 500 beneficiaries, road projects across all wards and the installation of solar-powered boreholes.

He also mentioned the Mudun Mudun Ladega cash empowerment initiative for vulnerable residents.

Earlier, the Leader of the Ikorodu Local Government legislative arm, Wasiu Shotomiwa, described the 2026 Budget of Prosperity as a statement of intent.

He said the budget was designed to invest in critical sectors such as infrastructure, healthcare, education, youth and women empowerment, security and economic development.

Shotomiwa assured stakeholders that the legislature would ensure thorough scrutiny, constructive engagement and timely consideration of the proposal to guarantee transparency, accountability and value for money.

He stressed that prosperity was not determined by figures alone but by the positive impact the budget would have on the daily lives of residents.

In his remarks, Prince Abiodun Ogunleye, a former Deputy Governor of Lagos State and member of the Governor’s Advisory Council, described the budget size as commendable, considering the achievements recorded within the short period since Ladega was sworn in.

He expressed confidence that the resources would be well managed to deliver sustained growth after scrutiny by the legislative arm.

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