Civic-tech group says improved federal allocations and stronger IGR boosted fiscal performance across Nigerian states….
The BudgIT Foundation has revealed that the total revenue of Nigeria’s 36 states almost doubled in the 2024 fiscal year compared to 2023, fuelled by higher allocations from the Federation Accounts Allocation Committee (FAAC) and the removal of fuel subsidy.
Speaking during a televised interview on Wednesday, Vahyala Kwaga, Deputy Country Director of BudgIT, said most states recorded major fiscal gains due to the reforms introduced by the Federal Government.
“The total revenue of all the states almost doubled compared to the 2023 fiscal year. A lot of this came from FAAC inflows and the effects of subsidy removal,” Kwaga explained.
“States are earning far more, and their Internally Generated Revenue (IGR) has also improved significantly across the board.”
Kwaga added that this year’s report was particularly significant because it analysed ten years of subnational fiscal performance, comparing year-on-year IGR growth and the shifts between the 2023 and 2024 fiscal periods.
He said the data showed that several states had made notable progress in boosting local revenue, signalling growing fiscal independence despite continued reliance on federal transfers.
The latest BudgIT report, titled “State of States 2025”, tracks how Nigerian states have evolved financially over the past decade and highlights emerging leaders in revenue generation and fiscal discipline.
