The Lagos State Government says it has disbursed a total of N130 billion in social support initiatives within the last year, directly impacting over 18.5 million residents.
This was revealed by the Commissioner for Economic Planning and Budget, Mr Ope George, during the 2025 Ministerial Press Briefing held at Alausa, Ikeja, on Wednesday.
The briefing, which is in commemoration of Governor Babajide Sanwo-Olu’s ongoing second-term stewardship, is an account by his cabinet.
According to George, the interventions include the transportation subsidy allowance introduced following the removal of the fuel subsidy, as well as the “Ounje Eko” food subsidy programme, among others.
“We ensured that these interventions were coordinated and targeted to cushion the effect of economic pressures on Lagos residents. Given the number of people at various locations, it’s safe to say it was a successful intervention.
“The Babajide Sanwo-Olu’s administration remains firmly committed to balanced and sustainable development that directly improves the lives of our people,” he said.
The commissioner said that the well-being of residents remained a priority, noting that the 2024 budget performance had hit 87%, with revenue rising to N2.968 trillion.
“The state achieved an 87% budget performance in 2024, a non-expenditure framework review was also conducted to enable more equitable and impact-driven resource distribution.
“Lagos State’s total revenue rose significantly from N2.08 trillion in 2024 to N2.968 trillion in 2025, a leap credited to improved planning and fiscal discipline.
“This growth is evident in the widespread infrastructural projects currently ongoing across the state.
“The 2025 budget of N3.366 trillion comprises a total revenue projection of N2.968 trillion, a recurrent expenditure of N1.295 trillion, and a capital expenditure of N2.071 trillion,” he said.
Highlighting the ministry’s achievements beyond fiscal figures, George reported that under the Resilience Office, the ministry created 100 direct green jobs and 1,500 indirect ones.
“Our approach is inclusive and future-focused supporting over 5,000 Small and Medium Enterprises through climate-resilient and circular business models.
“By integrating climate resilience into entrepreneurship, we’re not only supporting livelihoods but building a sustainable Lagos,” the commissioner said.
