Lagos’ public 2025 revenue totals differ, as opposition candidate Laja Adeoye argues the state’s collections have not improved daily life ahead of the 2027 governorship vote.
The National Bureau of Statistics (NBS), in a state-level report published Sept. 24, put Lagos’ internally generated revenue (IGR) at ₦1.77 trillion. Lagos State’s fourth-quarter budget performance report recorded ₦1.845 trillion as “independent revenue” for the full year and separately listed ₦782.74 billion as the state’s share of Federation Account Allocation Committee (FAAC) revenue. The report presents FAAC receipts as a separate item from independent revenue. The sources do not reconcile the totals or establish that the two revenue labels cover the same measure.
Radio Nigeria Lagos reported that Lagos Finance Commissioner Abayomi Oluyomi gave 2025 IGR as ₦1.87 trillion, compared with ₦1.58 trillion in 2024.
Adeoye, the Allied Peoples Movement (APM) candidate for governor, urged voters to reject continuity under the All Progressives Congress (APC). BusinessDay reported that he argued residents had yet to benefit from state collections and cited housing costs, lack of jobs, power reliability and cost-of-living pressures.
Galaxy TV reported that Adeoye’s “Atunto Eko 1.0” agenda calls for 100,000 direct jobs during its first two years, with a four-year goal of as many as 1.5 million. It also proposes about 100,000 affordable homes, at least 2,000 megawatts of power generation across Lagos’ five IBILE divisions, and more than 300 primary health care centers to be built or rehabilitated within 18 months. New Telegraph reported a proposed annual ₦50 billion fund for micro, small and medium-sized businesses, aimed at 50,000 young people and women. These are campaign targets.
Housing is also part of other candidates’ platforms, as earlier EconoTimes coverage of Lagos candidates’ housing and transport plans showed.
Nigeria’s Independent National Electoral Commission (INEC) lists the Lagos governorship election for Feb. 6, 2027.
