{
  "schemaVersion": 1,
  "contentDigest": "aa909626fec0a7fe2f49dbb5228b5453f1549a87495b1c4604d1806fe6948174",
  "id": "news-oct22-continued-ng-world-bank-state-revenue-spending-report-20261008",
  "language": "en",
  "interfaceLanguage": "en",
  "url": "https://voltformer.com/news/ng-world-bank-state-revenue-spending-report-20261008",
  "slug": "ng-world-bank-state-revenue-spending-report-20261008",
  "category": "policy-standards",
  "publishDate": "2026-10-08",
  "sourceName": "World Bank",
  "sourceUrl": "https://www.worldbank.org/en/news/press-release/2026/10/08/higher-revenues-better-lives-strengthening-state-spending-for-growth-jobs-services",
  "readingTimeMinutes": 1,
  "tags": [
    "Nigeria",
    "Public finance",
    "Infrastructure",
    "Economic statistics",
    "Education"
  ],
  "content": {
    "title": "World Bank reports sharp real growth in Nigerian state revenue and spending",
    "summary": "The October update compares state fiscal outcomes and sector allocations through 2025, alongside first-half GDP growth.",
    "sections": [
      {
        "paragraphs": [
          "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."
        ],
        "sources": [
          {
            "name": "World Bank",
            "url": "https://www.worldbank.org/en/news/press-release/2026/10/08/higher-revenues-better-lives-strengthening-state-spending-for-growth-jobs-services"
          }
        ]
      }
    ]
  },
  "companies": [],
  "sourceVersion": "de7d1bd6b735ee67b3acd84ce2e16d97f8fc87f6173e9fa6081e9b5cd6c0f2ff"
}