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35 states recorded N17 trillion revenue in 2024, yet remain dependent on FAAC — BudgIT

✍️ Ayodeji Adegboyega, .Wp-Block-Co-Authors-Plus-Coauthors.Is-Layout-Flow, Class, Wp-Block-Co-Authors-Plus, Display Inline, .Wp-Block-Co-Authors-Plus-Avatar, Where Img, Height Auto Max-Width, Vertical-Align Bottom .Wp-Block-Co-Authors-Plus-Coauthors.Is-Layout-Flow .Wp-Block-Co-Authors-Plus-Avatar, Vertical-Align Middle .Wp-Block-Co-Authors-Plus-Avatar Is .Alignleft .Alignright 📅 October 28, 2025 10:05 PM ⏱️ 3 min read 🕐 Scraped: October 29, 2025

Summary: While revenue expanded sharply, many states were sustained allocations from the centre during the period, despite a 110.7 per cent surge in such distributions, with soaring debt and low capital spending compounding their dilemma.

As many as thirty-five states in Nigeria recorded a combined revenue of ₦17.2 trillion in 2024, according to BudgIT’s latest State of States report issued, yet they heavily rely on distributed revenue from the Federation Account Allocation Committee (FAAC).

“Rivers State is excluded from this report due to the removal of elected officers due to the state of emergency. The state failed to produce an audited statement at the final data compilation for this report,” the civic data organisation

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Ayodeji Adegboyega, .Wp-Block-Co-Authors-Plus-Coauthors.Is-Layout-Flow, Class, Wp-Block-Co-Authors-Plus, Display Inline, .Wp-Block-Co-Authors-Plus-Avatar, Where Img, Height Auto Max-Width, Vertical-Align Bottom .Wp-Block-Co-Authors-Plus-Coauthors.Is-Layout-Flow .Wp-Block-Co-Authors-Plus-Avatar, Vertical-Align Middle .Wp-Block-Co-Authors-Plus-Avatar Is .Alignleft .Alignright

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October 28, 2025 at 10:05 PM

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