The Washington-based World Bank has disclosed that revenues allocated to states, or subnational governments in Nigeria grew by 93 per cent in real terms over two years.
The bank made this disclosure in its October Nigeria Development Update on Thursday.
According to the World Bank, revenue allocations to states surged following the removal of fuel subsidy between 2023 and 2025.
However, the bank noted that higher revenues to states should translate into improved living standards for citizens and poverty reduction.
The World Bank urged state governments to improve spending efficiency and invest more in human capital to raise living standards and reduce poverty.
In his remarks, the World Bank Country Director for Nigeria, Mathew Verghis, said, “strengthening spending efficiency, accountability, and service delivery will be essential to ensuring that public resources improve the lives of Nigerians.”
“Sir Bartholomew White Ebe is a Lagos-based media personality, Music Artist, Producer, and a Relationship Coach and independent journalist. With over seven years of experience tracking political developments and cultural shifts in Nigeria, he specializes in local current affairs, grassroots politics, and community-driven reporting across Lagos State. As the founder and chief editor of Snow Multimedia Connect {SNOW TV}, he leads the editorial team to deliver verified, high-impact stories to digital audiences.”
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