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Civic Transparency

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Empowering Nigerians with transparent, accessible budget data for all 36 states and the FCT. Data sourced strictly from official state budget documents, open treasury, and OAGF.

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Lagos State State
All States
South-WestCap: Ikeja

Lagos State .

Governor Babajide Sanwo-Olu
Pop. ~15.9M
PortalWebsite
Total 2024 Budget
₦2,253,892,400,000

Lagos is Nigeria's commercial capital and most populous state, generating the highest Internally Generated Revenue of any state. It is the economic engine of Nigeria, home to the Lagos Stock Exchange, major seaports, and over 60% of Nigeria's industrial activity.

Metrics Overview

Capital Exp.
₦1,250,000,000,000
55% of total
Recurrent Exp.
₦1,003,892,400,000
45% of total
Total Revenue
₦2,253,892,400,000
Estimated income
Fiscal Balance
Balanced
Income = Spending

Breakdowns

Infrastructure
₦450.0B20.0%
Education
₦320.0B14.2%
Health
₦210.0B9.3%
Agriculture
₦68.0B3.0%
Security
₦55.0B2.4%

Accountability Watch

Corruption & Fraud Tracker
Transparency ArchiveCase Record

Bola Tinubu

Allegations of N100bn tax consultancy fraud (Alpha Beta)

Internal Record
Transparency ArchiveCase Record

Babatunde Fashola

N78m personal website contract controversy

Internal Record
Transparency ArchiveCase Record

Ufoma Joseph Immanuel

N1.5m forgery trial 2026

Read Source

Budget Insights

Key observations from Lagos State State's 2024 budget

Overview

Lagos State State's total budget for 2024 is ₦2.25 Trillion. This budget is perfectly balanced.

Expenditure Focus

The largest single sector allocation is infrastructure, receiving ₦450.00 Billion. This accounts for 20.0% of the total budget.

Revenue Dependency

The primary source of revenue is igr, contributing ₦1.10 Trillion. This represents 48.8% of the total expected revenue.

Glossary

Common budget terms explained

IGR

Internally Generated Revenue. Money collected by the state internally (taxes, fines).

FAAC

Federation Account Allocation Committee. Funds distributed from the federal government.

Capital Exp.

Money spent on long-term physical assets like roads, schools, and hospitals.

Recurrent Exp.

Money spent on day-to-day operations like salaries and overhead costs.

Deficit

When a state plans to spend more money than it expects to collect in revenue.

Balanced Budget

When a state's total revenue (income) exactly matches its total planned expenditure. It means the state isn't spending more than it makes.

Surplus

When a state expects to collect more money in revenue than it plans to spend.