States’ revenue surges 221% as capital spending rises after subsidy removal — report

BusinessDay | 02-09-2026 01:52pm |

The article discusses how Nigeria's state governments saw a significant increase in their revenues and public spending from 2022 to 2025. Specifically, their total revenue went up by 221%. This surge in revenue is linked to the removal of subsidies, which likely allowed states to allocate more funds for capital projects, such as infrastructure and development. Overall, the changes indicate a positive trend in financial growth for the states during this period.

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