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Sanwo-Olu Presents N4.2tr 2026 Budget to Lagos Assembly

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Governor Babajide Sanwo-Olu on Tuesday laid before the Lagos State House of Assembly a N4.237 trillion Appropriation Bill for the 2026 fiscal year, describing it as an ambitious, future-driven financial plan aimed at solidifying his administration’s legacy in its final full year.

Presenting the proposal, titled the “Budget of Shared Prosperity,” the governor said it reflects the collective optimism that Lagos will continue to expand opportunities, strengthen its leadership role, and reinforce its status as Africa’s foremost megacity.

Sanwo-Olu disclosed that the budget projects total revenue of N3,993,774,552,141, comprising N3.12 trillion in Internally Generated Revenue and N874 billion in expected Federal Transfers. The funding structure, he noted, leaves a deficit financing requirement of N243,332,457,167.

For the 2026 fiscal year, capital expenditure is set at N2,185,085,419,495, while recurrent expenditure stands at N2,052,021,589,812. He explained that the recurrent component covers overheads, personnel costs, and debt obligations.

A breakdown of recurrent spending shows total overhead costs of N1,084,245,843,091, including general overheads, subventions and dedicated expenditures, while personnel costs amount to N440,494,339,384. Recurrent debt charges are projected at ₦143,876,701,943, with debt repayments estimated at N383,404,705,394.

Sanwo-Olu also outlined the sectoral distribution of the 2026 budget. General Public Services will receive N847,472,071,966; Public Order and Safety, N147,040,088,897; and Economic Affairs, N1,372,307,808,626. The Environment Ministry is allocated N235,957,235,138, while Housing receives N123,760,310,429.

The Health sector is earmarked N338,449,258,945; Education gets N249,132,921,287; Social Protection, N70,024,171,038; and the Recreation and Culture sector will take N54,682,339,586.

The governor said the year 2026 carries special weight as the last full calendar year of his administration, describing it as a period crucial for consolidating achievements and ensuring a “strong, successful finish.”

He reaffirmed his commitment to completing all ongoing and newly initiated projects, adding that his administration will continue to prioritise citizen engagement to ensure government decisions reflect the needs of Lagosians.

According to him, Lagos is entering a new phase of “accelerated impact,” driven by sustained investment in infrastructure, human capital, social welfare and governance systems that are “intentional, inclusive and future-oriented.”

Sanwo-Olu reiterated his administration’s core mission: “To keep Lagos secure, to keep Lagos working, to keep Lagos growing, and to make sure the prosperity we build is shared by everyone who calls this centre of excellence home.”

He commended the Lagos State House of Assembly for its consistent partnership, describing the lawmakers as steadfast allies in the state’s development journey. He also praised the civil service for its hard work in translating government vision into measurable progress.

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Hike in WAEC, NECO Fees Cruel, Dangerous to Education, Atiku Tells Tinubu

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Former Vice President Atiku Abubakar has condemned the Federal Government’s continued escalation of the cost of public education, describing the recent increase in fees for Federal Unity Colleges and the reported approval of a uniform ₦50,000 examination fee for West African Examinations Council WAEC and National Examinations Council NECO candidates from 2027 as cruel.

Noting that the policy is economically insensitive and fundamentally incompatible with government’s constitutional responsibility to make education accessible to every Nigerian child, the Presidential Candidate of the African Democratic Congress ADC said it is unconscionable that at a time when Nigerian families are battling record inflation, soaring food prices, rising transportation costs, crippling electricity tariffs, stagnant incomes and widespread unemployment, the President Bola Tinubu-administration has chosen to make education even more expensive.

In a statement issued by his Senior Special Assistant on Public Communication, Phrank Shaibu, on Sunday, Atiku noted that education remains the greatest instrument of social mobility and the surest pathway out of poverty for millions of children from humble backgrounds, adding that every additional financial burden imposed on parents translates into another child being denied the opportunity to learn, dream and contribute meaningfully to society.

“Nigeria already bears the painful distinction of having one of the largest populations of out-of-school children in the world. Depending on the methodology and age group measured, between 10.5 million and about 15 million Nigerian children and young people are already outside the classroom. Any government confronted with such a national emergency should be investing aggressively to bring these children back into school. Instead, this administration is choosing policies that will inevitably swell those numbers,” he said.

He warned that increasing fees in Federal Unity Colleges while imposing significantly higher costs on WAEC and NECO examinations would disproportionately affect children from poor and middle-income families, whose parents are already making impossible choices between food, healthcare, transportation, and education.

“The same administration whose policies are progressively narrowing access to public tertiary education continues to project the Nigerian Education Loan Fund (NELFUND) as one of its flagship achievements. Yet a university loan offers little comfort to a child who has already been priced out of secondary education or cannot afford the qualifying examination required for admission. A government cannot credibly claim to be expanding access to higher education while simultaneously erecting financial barriers that prevent millions of young Nigerians from ever reaching the university gates.

“Genuine educational reform begins by making education affordable from the primary and secondary levels, expanding the carrying capacity of our tertiary institutions, and ensuring that poverty never becomes the reason a child is denied the opportunity to learn. A government that truly believes in education invests in classrooms before it invests in loans.

“No nation has ever taxed its way into educational excellence. Countries that aspire to economic greatness invest more—not less—in education during difficult times because they understand that human capital is the engine of sustainable development. Nigeria cannot build a globally competitive economy while systematically pricing millions of its children out of classrooms”, he added.

Atiku therefore called on President Tinubu to immediately reverse the increase in Unity School fees and the proposed ₦50,000 WAEC and NECO examination fee, and convene an urgent stakeholders’ dialogue on sustainable financing for public education.

“By the grace of Almighty God, I remain confident that Nigerians will reject policies that punish their children and make education the exclusive preserve of those who can afford it. The African Democratic Congress is committed to restoring education as a public good, not a privilege.

“An ADC-led government will not permit this unjust and punitive increase in examination fees. Instead, we shall reverse policies that place education beyond the reach of ordinary families, expand access to quality education at every level, increase the carrying capacity of our tertiary institutions, and ensure that every Nigerian child, regardless of background, has a fair opportunity to learn, excel and fulfil his or her God-given potential,” he added.

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Food for Living: Make Efficiency, Effectiveness Your Watchword

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By Henry Ukazu

Dear Destiny Friends,

To be successful, everyone needs to be effective and efficient in all they do. Success does not come from nicety, speech articulation or fine diction, spotless dressing, connections, good proposal or even from having a good product. Though all these factors might play a role, a business man must not only be efficient in their business, they must also be effective.

These words, effective and efficient no doubt, are so closely related, however there’s a thin line of difference between the two. If you stay with me for awhile, you’ll understand.

One might be wondering what the difference between being effective and being efficient is. According to Dr. Yomi Garnett, a prolific and exceptional ghost writer, efficiency is the ability to do something well without wasting energy or effort, whilst to be effective is simply to do something well. Let’s talk a minute to explain how this works. One can be efficient and not effective, and one can be effective and not efficient. But a truly great mind is both effective and efficient. When one is efficient, it means that he can do the work within the shortest possible time. This may be because he has done it over and over again, and have mastered its nitty-gritty.

There’s a saying, if someone can’t explain something to a six-year-old child, that person doesn’t understand the subject very well. I agree with this saying because when someone understands something, he/she won’t go through stress explaining it, and will spend minimum time doing it. Whilst for someone who is effective, he knows the issue or has a subject matter expert on the business very well. He can literally do it when he wakes up from sleep without rehearsing.  So, in summary, an effective person saves time, while an efficient person explains better.

As progressive beings, we must be proactive with not only our life, but also our business, career, and whatever we find our hand worthy of doing. By doing so, people will appreciate us and support us. In business, one of the best forms of advertising is referral. When one’s work is exceptionally good, he doesn’t need too much advertising; his work will speak for itself. For instance, anyone who may have used the product might say ‘I have used this product or service, and I can guarantee its effectiveness’. Another person might say ‘the staff are very efficient, professional, and great at customer service’.

All these are great reviews. Trust me, one doesn’t need too many reviews to believe in the authenticity of what people are saying. They can sense a genuine review devoid of sentiments and vested interest. So, imagine a case where there’s no review, one might have a challenge in believing the durability and effectiveness of the product/service.

As a business owner, one must be intentional with respect to how he treats his employers and customers. What most uninformed business owners don’t know is that when you take care of your staff, they will in turn take care of your business. When the staff are happy, they’ll treat the customers well, and when the customers are happy, they’ll in turn tell the world. Do you see how effectiveness and efficiency work in a company?

In a similar way, if one is consistent in publishing articles every week like I do, opportunities are bound to arise soon when there’s alignment. As a business owner, I can authoritatively tell you being good at what you say you do is a currency. Nobody likes shady or dirty work. I can also tell you people are ready to pay for premium services provided you can deliver.

Let me share a personal experience with you; two months ago, I visited my home country – Nigeria, for a business opportunity. During my meeting with some established institutions, I had to submit proposals to them. But because I wasn’t proficient in writing proposals, I had to hire a consultant to do the job for me. Not only did I hire a consultant, I also flew him for business meetings because I trusted his judgment, and guess work, it paid off.

Imagine, if I had to do it myself, I doubt if the work would have been given the kind of positive attention it attracted. Why am I sharing this information? When one is good at what they do, it won’t take long for them to be seen when the right opportunity comes.

Being efficient and effective does not only apply to our professional lives, it’s also applicable in our personal lives. In the world we currently live in, things are governed by perception. When people see how effective and efficient you are, they will be inclined to associate with you, but when you appear like an unserious person, they will find it hard to recommend or refer you for business opportunities.

So, today, take stock and ask yourself if are you an effective and efficient person; if your company is effective and efficient. If your answer is no; ask yourself what you can do to make you and your company effective. The answer will set you on the right path to success.

Henry Ukazu writes from New York. He works with the New York City Department of Correction as the Legal Coordinator. He’s the founder of Gloemi. He’s a Transformative Human Capacity and Mindset coach. He is also a public speaker, youth advocate, creative writer and author of Design Your Destiny Design and Unleash Your Destiny . He can be reached via info@gloemi.com

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Security Outfit Captures Wanted Notorious Bandit Usman in Delta Forest

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The Delta State security outfit – SafeCity Security Service – in collaboration with operatives of the State police command, have arrested a wanted notorious bandit, Abubakar Usman.

His arrest followed the kidnapping of one Mrs. Blessing Chiedu, a native of Umunede Kingdom, who was abducted on July 2, 2026, along the Ani-Ifekide Farm Road, Ubulu-Uku. The kidnappers had demanded a ransom of N100 million from her family.

Spokesperson for the SafeCity Security Service, Harrison Gwamnishu, disclosed this in a post on X on Wednesday

According to Gwamnishu, upon receiving the information, he escalated the matter, and the Delta State Police Command’s Anti-Kidnapping Squad, Asaba, led by CSP Osakpolor, swung into action.

He said using their Hydra Tech Surveillance System, a coordinated rescue operation was launched, Mrs. Blessing Chiedu, a native of Umunede, was successfully rescued alive and unharmed along the Ubulu-Unor/Ashama Road.

After her rescue, he said the team immediately launched a manhunt for the fleeing kidnappers until the early hours of Wednesday when their surveillance system located the gang to their hideout in the Ogwashi-Uku/Adonta Forest of the state.

“A gun battle ensued, during which our combined team overpowered the criminals. One of the most wanted suspects, Abubakar Usman, was successfully captured, while other members of the gang escaped into the forest with their firearms.

“Investigations reveal that Abubakar Usman and his gang have been responsible for several kidnapping operations across Igbodo, Umunede, and surrounding communities, where they have extorted millions of naira in ransom from innocent families,” he said.

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