World Bank reports 93% rise in Nigerian states revenues as education share falls
The World Bank says Nigeria's 36 states saw revenues rise about 93 per cent between 2023 and 2025 while education's share of state spending fell from 14.9 per cent in 2021 to 12.1 per cent in 2025. The report also projects average economic growth of 4.4 per cent between 2026 and 2028.
What the institution said
Nigeria's 36 states recorded a 93 per cent increase in revenues between 2023 and 2025.
“Nigeria’s 36 states recorded a 93 per cent increase in revenues between 2023 and 2025”
The World Bank disclosed the figures in its latest Nigeria Development Update.
“The bank disclosed this in its latest Nigeria Development Update”
The report was made available to the News Agency of Nigeria by the World Bank in Washington D.C.
“The report was made available to the News Agency of Nigeria by the World Bank in Washington D.C.”
States' aggregate revenues rose by approximately 93 per cent in real terms while expenditure increased by 92 per cent during the period.
“states’ aggregate revenues rose by approximately 93 per cent in real terms, while expenditure increased by 92 per cent during the period”
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Education's share of total state expenditure declined from 14.9 per cent in 2021 to 12.1 per cent in 2025.
“education’s share of total state expenditure declined from 14.9 per cent in 2021 to 12.1 per cent in 2025”
Health expenditure remained broadly stable at approximately seven per cent.
“Health expenditure remained broadly stable at approximately seven per cent”
Social protection's share increased from 1.4 per cent to 4.4 per cent.
“social protection’s share increased from 1.4 per cent to 4.4 per cent”
Capital expenditure accounted for 61 per cent of state spending, compared with 46 per cent previously.
“capital expenditure increased significantly, accounting for 61 per cent of state spending, compared with 46 per cent previously”
Mathew Verghis is the World Bank Country Director for Nigeria.
“Mathew Verghis, the World Bank Country Director for Nigeria”
The report projected average economic growth of 4.4 per cent between 2026 and 2028.
“projected average economic growth of 4.4 per cent between 2026 and 2028”
All 10 facts in this piece were located word for word in the institution's own notice before it was published.
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Punch, educationPublished by the institution on Fri, 09 Oct 2026 07:23:55 +0000. We summarise and link; we do not reproduce their notice.
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