News
Macroeconomy
States’ spending on salaries, pensions shrinks despite 221% revenue surge
BusinessDay
Aug 28, 2026 · 10:09 WAT
Nigeria’s state governments recorded a 221 percent increase in revenues, attributed to higher federal allocations and tax collections, but reduced spending on salaries and pensions. The report highlights a divergence between stronger public income and lower recurrent expenditure across state administrations.