World Bank Nigeria Revenue Report

Nigeria's 36 states saw a 93% revenue increase from 2023 to 2025, according to the World Bank. However, education spending declined from 14.9% to 12.1% of total expenditure during the same period, despite overall expenditure rising by 92%.

Nigeria's 36 states saw a 93% increase in real revenues from 2023 to 2025, yet education spending declined from 14.9% to 12.1% of total expenditure, raising concerns about human capital development, according to the World Bank's Nigeria Development Update.

Nigeria's state revenues increased by 93% in real terms from 2023 to 2025, according to the World Bank. This rise in revenue allowed for a significant expansion in capital spending, with allocations for capital projects growing from 46% to 61% of state expenditures.

The World Bank urged Nigerian state governments to utilize increased revenues from economic reforms to enhance job creation, public services, and living standards. The call was made during the presentation of the Nigeria Development Update, highlighting the need for improved spen