Assembly

Lagos assembly moves forward on wealth fund bill

Lagos assembly moves forward on wealth fund bill

June 5, 2026 Markup 0

Lawmakers in the Lagos State House of Assembly on Thursday adopted the recommendations of the House Committee on Finance on the Lagos State Wealth Fund Bill, 2025, with amendments during plenary.

The recommendations followed the presentation of the committee’s report by its Chairman, Obafemi Saheed.

Saheed presented the report on “A Bill for a Law to Establish the Lagos State Wealth Fund to Receive, Manage and Invest in a Diversified Portfolio of Medium and Long-Term Assets for the Benefit of Lagos State and Future Generations of Its Indigenes and Residents and for Connected Purposes.”

The Akwa Ibom State House of Assembly, during its session on Tuesday, ratified the 2026 appropriation bill, amounting to N1.39 trillion, against the adjusted allocation of ₦1.65 trillion for 2025. The 2026 fiscal proposal, encompassing N354.87 billion for current expenditure and N1.035 trillion for capital projects, was endorsed following the submission of the report by Dr Itorobong Etim, Chair of the House Committee on Finance and Appropriation.

Akwa Ibom assembly approves N1.39tn fiscal plan for 2026

December 31, 2025 Markup 0

The Akwa Ibom State House of Assembly, during its session on Tuesday, ratified the 2026 appropriation bill, amounting to N1.39 trillion, against the adjusted allocation of ₦1.65 trillion for 2025.

The 2026 fiscal proposal, encompassing N354.87 billion for current expenditure and N1.035 trillion for capital projects, was endorsed following the submission of the report by Dr Itorobong Etim, Chair of the House Committee on Finance and Appropriation.