A governorship aspirant of the Peoples Democratic Party, PDP, in Lagos State, Funso Doherty, has criticised the N4.237 trillion 2026 budget proposal presented by Governor Babajide Sanwo-Olu, alleging inaccuracies in the figures, weak fiscal transparency, and questionable spending priorities.
In an open letter dated Thursday, December 11, 2025, and addressed to the Speaker of the Lagos State House of Assembly, Doherty described the budget estimates submitted to lawmakers on November 25, 2025, as flawed and in need of urgent clarification before legislative approval.
The Lagos State House of Assembly has since passed the appropriation bill through second reading and referred it to the House Committee on Economic Planning and Budget for detailed scrutiny, with a mandate to report back within five weeks.
In his letter, Doherty argued that the headline figures in the budget were incorrectly presented.
He noted that the proposal outlined a total expenditure of N4.237 trillion, made up of N2.052 trillion in recurrent spending and N2.185 trillion in capital expenditure.
However, he pointed out that the recurrent component reportedly includes about N383 billion earmarked for debt servicing, which he argued should be classified as capital expenditure.
According to him, this misclassification distorts the true size of both the recurrent and capital budgets, potentially rendering the overall figures inaccurate.
Doherty also questioned the internal coherence of the proposal, stating that when sectoral allocations were added together, they amounted to roughly N3.4 trillion, significantly below the total budget figure presented.
“One or both sets of figures cannot be correct,” he said.
Beyond numerical discrepancies, the PDP aspirant criticised what he described as the Lagos State Government’s lack of transparency in the budgeting process.
He argued that the public is routinely denied access to detailed budget proposals until after the Appropriation Act has been passed, limiting opportunities for independent review and public input.
He raised concerns over the scale of spending on consultancy and professional services, noting that such costs allegedly account for nearly 15 per cent of the state’s total recurrent expenditure.
“At that scale, it is unclear what services justify these recurring costs and why such a large proportion of public funds is being devoted to them,” he said.
Doherty also accused the state government of backsliding on transparency despite increased revenues following the removal of fuel subsidies and currency devaluation.
He claimed that information on contract awards was no longer being routinely published by the Lagos State Public Procurement Agency, as required by law.
On spending priorities, Doherty argued that Lagos State has consistently underfunded key social sectors essential for human development.
He said that over a five-year period, combined spending on education, health, housing, and water supply accounted for only 17 per cent of total government expenditure.
According to him, in a state with a youthful population such as Lagos, education and health should each receive allocations of close to 15 per cent.
He described it as disturbing that the 2025 capital allocation to the Lagos State House of Assembly alone reportedly exceeded the combined allocations for health and education.
Doherty said the consequences of what he termed prolonged underinvestment were visible in poor public school outcomes, persistent housing shortages, and under-five mortality rates.
He also criticised what he called a pattern of overly optimistic revenue forecasts in Lagos budgets.
He noted that while the 2026 budget projects total revenue of N4.237 trillion, actual revenues as of September 2025 stood at N2.07 trillion, against a full-year projection of N3.37 trillion.
“Persistent overestimation of revenue undermines effective planning, prioritisation, and execution of government programmes,” he said.
While acknowledging some marginal improvements in budget preparation, Doherty urged the House of Assembly to demand greater openness from the executive.
He called on lawmakers to ensure that detailed budget proposals for 2026 and subsequent fiscal years are made publicly available during the legislative process, before passage into law.
Efforts to obtain a response from the Lagos State Government were unsuccessful, as the Special Adviser to the Governor on Media and Publicity, Gboyega Akosile, could not be reached for comment as of the time of filing this report.
Lagos PDP governorship aspirant faults Sanwo-Olu’s N4.237tn 2026 budget proposal
