BudgIT’s State of States Report is an annual Publication evaluating each state’s long-term fiscal performance and sustainability.

This year’s tenth edition of the report, themed “A Decade of Subnational Fiscal Analysis: Growth, Decline and Middling Performance”, takes a look at how Nigeria’s 36 states (35 in this edition) have evolved in their fiscal performance over the past decade. It examines the effects of major economic shifts, including subsidy removal, rising inflation, and exchange rate unification, on state revenues and expenditures.

The report analyses revenue performance, particularly the execution of Internally Generated Revenue (IGR) efforts, rise in Federation Account Allocations and assesses changes in capital and recurrent spending patterns. It also reviews debt management practices, highlighting the slowdown in total debt growth and increased prioritisation of capital expenditure across states.