Nigeria’s state finances are sliding toward a structural crisis hidden beneath record federal transfers. A review of BudgIT’s State of States 2024 dataset shows that only a handful of sub-nationals could remain functional if allocations from the Federation Account (FAAC) were withdrawn.
For most states, internally generated revenue (IGR) is so weak that budgets would collapse without Abuja’s monthly lifeline. BudgIT’s analysis is based on audited state accounts, FAAC disbursement reco
Nigeria’s state finances are sliding toward a structural crisis hidden beneath record federal transfers. A review of BudgIT’s State of States 2024 dataset shows that only a handful of sub-nationals could remain functional if allocations from the Federation Account (FAAC) were withdrawn.
For most states, internally generated revenue (IGR) is so weak that budgets would collapse without Abuja’s monthly lifeline. BudgIT’s analysis is based on audited state accounts, FAAC disbursement reco
