The Lagos State Government is targeting N2.96 trillion in revenue for 2025  a 42.7% increase from the N2.08 trillion generated in 2024.Commissioner for Economic Planning and Budget, Ope George, shared this during a ministerial briefing to mark Governor… Read on blog or Reader SMALL BUSINESS INSIGHTS Read on blog or Reader Lagos projects N2.96tr revenue, boosts support for small businesses By Busola Bamidele on May 2, 2025 The Lagos State Government is targeting N2.96 trillion in revenue for 2025  a 42.7% increase from the N2.08 trillion generated in 2024. Commissioner for Economic Planning and Budget, Ope George, shared this during a ministerial briefing to mark Governor Sanwo-Olu's second year in office. He said Lagos recorded 87% budget performance in 2024, driven by innovation, inclusive planning, and data-backed decision-making. Read also: Lagos projects N2.96tr revenue, boosts support for small businesses Learning never stops in today's job market AfDB unveils $650m annual strategy to transform Nigeria's economy Tinubu to break ground on world's largest cotton, polyester factory in Ogun DBN secures approval to invest $2.5 million in youth-focused investment bank To cushion economic pressures, the government disbursed N130 billion to over 18.5 million residents through initiatives like the Ounje Eko food subsidy and transport support helping low-income earners and small traders stay afloat. Lagos also secured funding for a floating solar power project, boosting clean energy access for future enterprise growth. "Lagos is not just expanding; it's evolving into a 21st-century African city," George said.

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