States’ bumper revenues push capital spending by over 182% in 4 years – World Bank

A World Bank report indicates that Nigerian states have increased capital spending by over 182 percent in four years, driven by bumper revenues from the Federation Account Allocations (FAAC). The growth follows the removal of fuel subsidies and exchange rate unification, which boosted FAAC disbursements. The report highlights the impact of these fiscal changes on state-level infrastructure and development spending.

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