• Debt commitments take over N700b
Lagos State Governor, Babajide Sanwo-Olu, yesterday, presented a N4.237 trillion budget estimate for the 2026 fiscal year to the state’s House of Assembly for approval, with debt commitments taking over N700 billion.
Sanwo-Olu, while speaking during the presentation, said that about N243.3 billion would be used for deficit financing, N143.8 billion for debt servicing,and N383.4 billion would be used for debt repayments in 2026.
The governor, who described the budget t
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