World Bank Nigeria Revenue and Spending

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.