World Bank reports sharp real growth in Nigerian state revenue and spending
The October update compares state fiscal outcomes and sector allocations through 2025, alongside first-half GDP growth.
- Publish date: 2026-10-08
- Category: Standards & Policy
- Original source: World Bank
- Reading time: 1 min read
The World Bank said aggregate state revenues rose about 93% in real terms from 2023 to 2025, while state expenditures rose about 92%, measured at 2019 constant prices. Capital spending increased from 46% to 61% of total state expenditure, with transport infrastructure recording the largest increase and further increases in housing and agriculture.
Education’s share of state expenditure fell from 14.9% in 2021 to 12.1% in 2025. Health remained around 7%, while social protection rose from 1.4% to 4.4%. The update also reported real GDP growth of 4.2% in H1 2026, compared with 3.9% in H1 2025 and 3.5% in H1 2024.