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    Sanwo-Olu inaugurates grassroots Ambassadors to engage Lagos citizens on Tinubu’s Renewed Hope journey

    President Tinubu departs Abuja tomorrow for Akwa Ibom, Rivers

    Nigeria: FCCPC investigates possible exploitation in airfare price

    FCCPC enforces full fortification of vegetable oil, salt

    Nigeria: National Assembly plans boost funding for primary healthcare

    You Survived Suicide? Then, go to jail! 

    Nigeria: ANA rolls out tough measures against financial mismanagement, breach of intellectual property

    Nigerian Army dismisses fake short service recruitment advertisement

    Nigerian Army releases names of successful candidates for SSCC, to report for screening Nov 23

    Sanwo-Olu inaugurates grassroots Ambassadors to engage Lagos citizens on Tinubu’s Renewed Hope journey

    Nigeria: Tinubu attaches great importance to education, others- UBEC Secretary

    SERAP urges INEC to account for alleged missing N55.9b meant to buy smart card readers, ballot papers, others

    Nigeria: INEC cancels 1.27m invalid voter records as part of clean-up exercise ahead of 2027 general elections

    EFCC boss Olukoyede bags MINILS’ Fellowship Award, says hard times await illegal miners

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    MultiChoice owner cuts DStv subscription prices in Nigeria, Kenya, Ghana

    NFC congratulates Funke Akindele as film ‘Behind The Scenes’ grosses over N2b at the box office

    Funke Akindele set to release latest film ‘Where Is Mr. Right?’ Aug. 15

    British singer Luca Zuccotti visits Afrika Shrine, celebrates Fela’s Afrobeats legacy

    British singer Luca Zuccotti visits Afrika Shrine, celebrates Fela’s Afrobeats legacy

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    Burna Boy is Africa’s best-selling artiste with 14.46m equivalent album units

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    MTN gives 20 startups N5m each in Cloud Accelerators programme

    MTN, Ultima offer N225m recording deal, others to Next Afrobeat Star 2.0 winner

    NFC congratulates Funke Akindele as film ‘Behind The Scenes’ grosses over N2b at the box office

    Funke Akindele confirms inspiration by American filmmaker Tyler Perry

    Deejays disown report of Burna Boy’s music ban

    Burna Boy edges Tems as African artiste on billboard Hot 100 entries

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    Burna Boy, Shakira set to release FIFA World Cup song “Dai Dai”

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    Nigeria: Minister applauds Tinubu, First Lady on National Library project, warns contractors against delay

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    Nigeria: FG moves to establish Armed Forces Medical College

    Nigeria: TVET trainees appraises programme, applauds govt for delivering on targets

    Nigeria: FG equips 38 technical colleges, offers free training, stipends to youths

    JAMB says no barring of undergraduates from UTME

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    UBEC trains public relations officers from 36 states, FCT, charges them to embrace innovation

    Nigeria: Education Minister, NIS Director-General Shaibu meet for collaboration on sports education

    Nigeria: Education Minister, NIS boss Shaibu meet for stronger collaboration on sports education

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    HEALTH: Between ambition and reality

    Nigeria: Stakeholders in health sector demand urgent intervention in rising breast cancer

    Dexa Group announces plan for multi-million dollar pharmaceutical factory in Nigeria

    Ebola: WHO says 139 suspected dead, numbers expected to rise

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    Sanwo-Olu to deliver Arewa Think Tank Lecture in Kaduna

    Sanwo-Olu flags off enforcement of mandatory health insurance in Lagos

    Sanwo-Olu to deliver Arewa Think Tank Lecture in Kaduna

    Lagos: Sanwo-Olu to engage doctors on outstanding arrears, welfare

    Ebola: WHO says 139 suspected dead, numbers expected to rise

    Nigeria, WHO give reason for evacuation of Ebola index patient to Switzerland

    Ebola: WHO says 139 suspected dead, numbers expected to rise

    Nigeria gets WHO clean bill of health following evaluation of Ebola index patient to Switzerland

    Ebola: WHO says 139 suspected dead, numbers expected to rise

    Nigeria’s index Ebola virus disease patient leaves for Switzerland – Health Minister

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    Lagos Govt on alert to prevent Ebola 

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    Election Campaign: Onanuga urges caution in use of AI

    Top oil and gas experts to speak at Realnews 14th Anniversary Lecture Series

    Top oil and gas experts to speak at Realnews 14th Anniversary Lecture Series

    MultiChoice owner cuts DStv subscription prices in Nigeria, Kenya, Ghana

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    GOCOP condoles with NextEdition Publisher, Victoria Ibanga, on husband’s death

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    NNPCL adds 600,000bpd to Nigeria’s oil output, targets 2mbpd by 2027 – Ojulari

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    Airtel Nigeria confirms 15% geographical network expansion for 2026

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    Sahara advocates sustainable investment and climate finance for Africa at UNGA

    Sahara advocates sustainable investment and climate finance for Africa at UNGA

    Sokoto–Badagry Highway: 18km of earthworks, 47km of site clearance achieved in 2 months- Contractor

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    World Humanitarian Day: UN calls for scaled-up support to millions of Nigerians in need and safety for the aid workers helping them

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    Nigeria: Education Minister, NIS Director-General Shaibu meet for collaboration on sports education

    Kano Gov unveils Cycling Kano 2025 jersey ahead of Saturday’s event

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    BPP dismisses alleged monetisation of Certificates of No Objection

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    Transcorp posts ₦111.4b PBT in Q3 2026, bolsters asset base to ₦1.13trn

    FCCPC bags multiple honours for consumer protection, fair competition

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    Dangote unveils Pan-African energy distribution network, calls for stronger protection of local industries

    Dangote unveils Pan-African energy distribution network, calls for stronger protection of local industries

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  • NIGERIA
    Sanwo-Olu inaugurates grassroots Ambassadors to engage Lagos citizens on Tinubu’s Renewed Hope journey

    President Tinubu departs Abuja tomorrow for Akwa Ibom, Rivers

    Nigeria: FCCPC investigates possible exploitation in airfare price

    FCCPC enforces full fortification of vegetable oil, salt

    Nigeria: National Assembly plans boost funding for primary healthcare

    You Survived Suicide? Then, go to jail! 

    Nigeria: ANA rolls out tough measures against financial mismanagement, breach of intellectual property

    Nigerian Army dismisses fake short service recruitment advertisement

    Nigerian Army releases names of successful candidates for SSCC, to report for screening Nov 23

    Sanwo-Olu inaugurates grassroots Ambassadors to engage Lagos citizens on Tinubu’s Renewed Hope journey

    Nigeria: Tinubu attaches great importance to education, others- UBEC Secretary

    SERAP urges INEC to account for alleged missing N55.9b meant to buy smart card readers, ballot papers, others

    Nigeria: INEC cancels 1.27m invalid voter records as part of clean-up exercise ahead of 2027 general elections

    EFCC boss Olukoyede bags MINILS’ Fellowship Award, says hard times await illegal miners

    Nigeria: EFCC, Australian Federal Police sign MoU to strengthen fight against cybercrime

  • Entertainment

    MultiChoice owner cuts DStv subscription prices in Nigeria, Kenya, Ghana

    NFC congratulates Funke Akindele as film ‘Behind The Scenes’ grosses over N2b at the box office

    Funke Akindele set to release latest film ‘Where Is Mr. Right?’ Aug. 15

    British singer Luca Zuccotti visits Afrika Shrine, celebrates Fela’s Afrobeats legacy

    British singer Luca Zuccotti visits Afrika Shrine, celebrates Fela’s Afrobeats legacy

    Deejays disown report of Burna Boy’s music ban

    Burna Boy is Africa’s best-selling artiste with 14.46m equivalent album units

    Tems makes history as first African female artiste to clinch Diamond single in U.S.

    MTN gives 20 startups N5m each in Cloud Accelerators programme

    MTN, Ultima offer N225m recording deal, others to Next Afrobeat Star 2.0 winner

    NFC congratulates Funke Akindele as film ‘Behind The Scenes’ grosses over N2b at the box office

    Funke Akindele confirms inspiration by American filmmaker Tyler Perry

    Deejays disown report of Burna Boy’s music ban

    Burna Boy edges Tems as African artiste on billboard Hot 100 entries

    Nigeria–Congo World Cup dispute: Fresh speculation as DR Congo omits two controversial players

    Burna Boy, Shakira set to release FIFA World Cup song “Dai Dai”

    • Life
    • Art & Culture
    • LIFE & CULTURE
  • Education

    Nigeria: Minister applauds Tinubu, First Lady on National Library project, warns contractors against delay

    Nigeria: UBEC finalises policy framework to unlock education investments

    UBEC partners Sultan’s Foundation in war against out-of-school children menace

    Nigeria: FG moves to establish Armed Forces Medical College

    Nigeria: TVET trainees appraises programme, applauds govt for delivering on targets

    Nigeria: FG equips 38 technical colleges, offers free training, stipends to youths

    JAMB says no barring of undergraduates from UTME

    JAMB, education experts advise candidates on early preparation against pitfalls that can harm their admission

    UBEC trains public relations officers from 36 states, FCT, charges them to embrace innovation

    Nigeria: Education Minister, NIS Director-General Shaibu meet for collaboration on sports education

    Nigeria: Education Minister, NIS boss Shaibu meet for stronger collaboration on sports education

    Nigeria: FG cancels mother tongue policy, declares English sole medium of instruction in schools

    Nigeria: Minister urges City Boy Movement for more grassroot engagement, educating Nigerians on reforms

  • Health
    HEALTH: Between ambition and reality

    Nigeria: Stakeholders in health sector demand urgent intervention in rising breast cancer

    Dexa Group announces plan for multi-million dollar pharmaceutical factory in Nigeria

    Ebola: WHO says 139 suspected dead, numbers expected to rise

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    Sanwo-Olu to deliver Arewa Think Tank Lecture in Kaduna

    Sanwo-Olu flags off enforcement of mandatory health insurance in Lagos

    Sanwo-Olu to deliver Arewa Think Tank Lecture in Kaduna

    Lagos: Sanwo-Olu to engage doctors on outstanding arrears, welfare

    Ebola: WHO says 139 suspected dead, numbers expected to rise

    Nigeria, WHO give reason for evacuation of Ebola index patient to Switzerland

    Ebola: WHO says 139 suspected dead, numbers expected to rise

    Nigeria gets WHO clean bill of health following evaluation of Ebola index patient to Switzerland

    Ebola: WHO says 139 suspected dead, numbers expected to rise

    Nigeria’s index Ebola virus disease patient leaves for Switzerland – Health Minister

    Nigeria: Lagos confirms drop in malaria prevalence, battles shortage of 30,000 doctors

    Lagos Govt on alert to prevent Ebola 

    • Health and Fitness
  • Media

    Election Campaign: Onanuga urges caution in use of AI

    Top oil and gas experts to speak at Realnews 14th Anniversary Lecture Series

    Top oil and gas experts to speak at Realnews 14th Anniversary Lecture Series

    MultiChoice owner cuts DStv subscription prices in Nigeria, Kenya, Ghana

    Sahara champions deeper Energy Journalism in Ghana to strengthen public understanding

    GOCOP condoles with NextEdition Publisher, Victoria Ibanga, on husband’s death

    Communique issued at the end of the 10th Annual Conference of GOCOP

    GOCOP condoles with NextEdition Publisher, Victoria Ibanga, on husband’s death

    Lagos, Delta, Imo, Ekiti, Shell, Access Bank, NASENI join GOCOP conference partners

    DAAR Communications announces closed period ahead of Q3 2026 financial results

    DAAR Communications announces closed period ahead of Q3 2026 financial results

    GOCOP condoles with NextEdition Publisher, Victoria Ibanga, on husband’s death

    NNPCL, NLNG, Customs, Dangote, others partner with GOCOP for 2026 conference

    Nigeria: FG empowers 70 digital media managers for grassroots outreach

    • CSR
    • Jobs
    • Labour
    • Law
  • News

    Namibia President calls Dangote’s $2.5b energy investment a landmark for Africa’s industrial future

    Nigeria: Minister says evidence based resource allocation, others critical to achieving $1trn economy by 2030

    NNPCL adds 600,000bpd to Nigeria’s oil output, targets 2mbpd by 2027 – Ojulari

    Dangote eyes Egypt for next phase of African industrial expansion

    Lagos to host 4th Economic Roundtable, examines 2027 economic outlook

    Airtel Nigeria confirms 15% geographical network expansion for 2026

    Tinubu welcomes Airtel’s open network launch, commends investment in telecoms infrastructure

    • Politics
    • Opinion
  • World
    UN launches $33b aid appeal with urgent call for global solidarity

    Nigeria, France, Australia push UN action against terrorist bombs

    IMF boss says AI has potential to boost global growth  

    IMF urges fiscal discipline, trade cooperation amid global uncertainty

    Nigeria: FG moves to establish Armed Forces Medical College

    MultiplyPossibility: Global leaders commit to $3.5b support for education

    Sahara advocates sustainable investment and climate finance for Africa at UNGA

    Sahara advocates sustainable investment and climate finance for Africa at UNGA

    Sokoto–Badagry Highway: 18km of earthworks, 47km of site clearance achieved in 2 months- Contractor

    Twenty years of progress on gender parity now fragile  – WEF Report

    Nigeria: UN calls for protection of civilians, schools following a spate of attacks in Niger State

    World Humanitarian Day: UN calls for scaled-up support to millions of Nigerians in need and safety for the aid workers helping them

    WTO retains 72% of world trade despite uncertainties – Okonjo-Iweala

    WTO retains 72% of world trade despite uncertainties – Okonjo-Iweala

    U.S. border control wants 5-year check on tourists’ social media

    U.S. hits Nigeria, 80 other countries with new tariffs citing ‘forced labour’

    Trump accuses Nigeria of allowing Boko Haram, Islamic State terrorists operate freely

    Trump approves 30-year nuclear pact with Saudi Arabia

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  • Sports

    Nigeria: Education Minister, NIS Director-General Shaibu meet for collaboration on sports education

    Kano Gov unveils Cycling Kano 2025 jersey ahead of Saturday’s event

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    Dangote unveils Pan-African energy distribution network, calls for stronger protection of local industries

    Dangote unveils Pan-African energy distribution network, calls for stronger protection of local industries

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Home NIGERIA

Nigeria: Rivers, Cross River, Kwara, Lagos, Anambra top 2024 Fiscal Performance Ranking

by Press Release
October 29, 2024
in NIGERIA
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BudgIT, a prime civic-tech organisation leading the advocacy for fiscal transparency and accountability in Nigeria, has launched the 2024 edition of its annual State of States Report, themed ‘Moving Healthcare Delivery from Suboptimal to Optimal.’ The report, BudgIT’s flagship research product, assesses and ranks the 36 States’ fiscal performance from most to least sustainable.

For the 2024 edition, we maintained the five metrics for ranking all 36 states, where Index A examines states’ ability to meet Operating Expenses (Recurrent Expenditure) with only their Internally Generated Revenue. Index A1 looks at the percentage year-on-year growth of each state’s Internally Generated Revenue. Index B reviews states’ ability to cover all operating expenses and loan repayment obligations with their Total Revenue (Internally Generated Revenue + Statutory Transfers + Aids and Grants) without borrowing. Index C estimates the debt sustainability of the states using four major Indicators. A. Foreign Debt as a % of Total Debt. B. Debt as a % of Revenue. C. Debt Service as a % of Revenue, and D. Personnel Cost as a % of Revenue. Index D evaluates the degree to which each state prioritises capital expenditure over its operating expenses (recurrent expenditure).

In this edition, the fiscal performance ranking saw a reshuffling of the top positions, with Cross River joining the top five while Rivers State maintained the number one spot. Kebbi State achieved the most remarkable improvement, jumping 12 places from 28th to 26th, while Jigawa State experienced the steepest decline, dropping 16 spots to land at the 36th position. Rivers and Lagos were the only two states that generated more than enough Internally Generated Revenue (IGR) to cover their operating expenses, with IGR to operating expense ratios of 121.26% and 118.39%, respectively.

Several other states, including Ogun, Anambra, Cross River, Kwara, Kaduna, and Edo, managed to generate IGR sufficient to cover at least 50% of their operating costs, with the rest relying on federal transfers. In contrast, states such as Akwa Ibom, Imo, Taraba, Yobe, Bayelsa, and Jigawa required over five times their IGR to meet operating expenses, highlighting significant dependence on FAAC revenues and aid and grants. Of note is that all 36 states managed to raise enough revenue—comprising IGR, federal allocations, aid, and grants—to fully cover their recurrent expenditures. This indicates that no state needed to borrow to fund any portion of its recurrent spending.

In the 2023 fiscal year, the combined revenue of all 36 states in Nigeria increased significantly by 31.2% from N6.6tn in 2022 to N8.66tn. This growth rate exceeded the previous year’s increase of 28.95%, indicating a notable improvement in fiscal performance. Of the total revenue generated in 2023, Lagos State contributed N1.24tn, representing 14.32% of the cumulative revenue of the 36 States.  Gross FAAC, which grew by 33.19% from N4.05tn in 2022 to N5.4tn in 2023, contributed to 65% of the year-on-year growth of the combined revenue of the 36 states. This increase indicates the additional revenue accrued to states, albeit moderate, due to discontinuing the petroleum subsidy.

Also, 32 states relied on FAAC receipts for at least  55% of their total revenue, while 14 states relied on FAAC receipts for at least 70% of their total revenue. Furthermore, transfers to states from the federation account comprised at least 62% of the recurrent revenue of 34 states, except Lagos and Ogun, while 21 states relied on federal transfers for at least 80% of their recurrent revenue. The picture painted above buttresses the over-reliance of the state governments on federally distributable revenue and accentuates their vulnerability to crude oil-induced shocks and other external shocks.

The total expenditure across all 36 states reached N9.78tn, marking a 21.19% increase from the previous year’s N8.07tn. Lagos State led the spending, disbursing over N1.49tn, which accounted for 15.23% of the overall subnational expenditure. The year saw different growth rates across spending categories, with personnel costs rising by an average of 12.9%, overhead costs by 26.75%, and capital expenditure seeing the most significant increase at 37.30%. Personnel cost rose to N1.99tn from N1.75tn in 2022, while overhead expenses climbed to N1.52tn from N1.24tn, and capital expenditure increased to N4.04tn, up from N3.47tn the previous year.

The aggregate operating expenses of the states, which formed 47.36% of the aggregate expenditure, increased by 21.17% from N3.8tn in 2022 to N4.64tn in 2023. Additionally, N1.25tn, representing 12.8% of the cumulative spending of the states, was used to service debts. Interestingly, N287.56bn, not captured by states as part of their expenditure for the 2023 fiscal year, was utilised to offset contractor arrears, pension and gratuity arrears, and other outstanding liabilities.

The total debt stock of the 36 states surged by 38.1%, from N7.25tn in 2022 to N10.01tn. This growth was partly driven by a N606.12bn increase in domestic debt, resulting in an average year-on-year growth rate of 11.4%. By December 31, 2023, the total domestic debt stood at N5.86tn. The situation was further complicated by rising foreign debt, which increased by 4.1%, from $4.43bn in 2022 to $4.61bn in 2023. The liberalisation of the exchange rate exacerbated the financial strain on states, significantly raising their foreign loan repayment obligations in Naira terms.

Lagos State remained the most indebted in foreign currency, accounting for 26.9% of the total foreign debt, equivalent to $1.24bn. Further analysis of the debt landscape revealed a considerable variance of N2.74tn in debt repayment obligations when comparing the exchange rate shift from N899.39 per dollar as of December 31, 2023, to the new rate of N1,492.9 as of June 2024. The devaluation exposed many states to heightened financial risk, particularly the eight states where more than 50% of the total debt is dollar-denominated. Kaduna and Edo had the highest foreign debt-to-total debt ratios, at 86.06% and 60.54%, respectively. The other states in this group—Ondo, Bauchi, Lagos, Enugu, Ebonyi, and Anambra—had ratios ranging from 50% to 59%.

The debt burden also varied significantly across the country, with the average subnational debt per capita reaching N40,469 in 2023. Twelve states exceeded this benchmark, with Lagos having the highest debt per capita at N138,034. In addition to the existing debt stock, the states have exiting liabilities totalling N1.19tn: N408.69bn is owed in contractor arrears, N521.36bn is owed in pension and gratuity arrears, N79.64bn is owed in salary and other staff claims, N4.36bn is owed in judgement debt and other pending litigation, and other payables and liabilities amount to N182.79bn.

“The fiscal viability and long-term sustainability of states heavily depend on their capacity to mobilise revenues internally by effectively leveraging their natural resource endowments, technology, public-private partnerships, human capital, and effective consequence management. This capacity is crucial for financing essential infrastructure, investing in human capital development and social protection, meeting the new minimum wage and its consequential adjustments, and repairing the fractured social contract. To achieve debt sustainability, states must also curb their reliance on foreign loans, especially in light of exchange rate volatility and shrinking fiscal space, to minimise exposure to unfavourable exchange rates. Additionally, states should establish robust frameworks for debt transparency and accountability, ensuring that borrowed funds are allocated to high-impact projects with clear economic returns,” said Iniobong Usen, Head of Research and Policy Advisory, BudgIT.

Regarding health, cumulatively, all 36 states allocated N2.3tn to the health sector but spent N1.39tn, representing a 58.16% budget performance. On the purchase of medical equipment, an aggregate of N35.72bn was spent; however, nine states had no record of expenses for this purchase in their 2023 budget implementation reports. Those states include Edo, Ekiti, Katsina, Ogun, Ondo, Osun, Oyo, Yobe and Zamfara. Furthermore,  N104.27bn was spent on constructing and rehabilitating hospitals and clinics across the subnationals. On the purchase of drugs and medical supplies, a combined amount of N15.31bn was spent, excluding Delta, Ebonyi and Niger States, which held no records. Investments in healthcare are still very far from the ideal and need to be prioritised.

A vital aspect needing attention is the subnational physical health infrastructure. The National Health Facility Registry records an aggregate of 38,182 hospitals across the 36 states of the country, of which 25.92% are privately owned and 74.08% are government-owned, with 27,022  facilities being primary health centres and 1188 being secondary and tertiary. The public primary health facilities serve an estimated ratio of 8,960 people to one facility. Although not above the WHO recommendation of 10,000 people to a basic facility, it is, however, essential to note that this ratio puts significant pressure on the existing facilities and infrastructure, highlighting the need for more supply across the country, especially as the PHCs are not evenly distributed across states.

Nigeria is undoubtedly facing the challenge of inadequate health professionals, with a doctor-to-patient ratio of four doctors to 10,000 patients, which is against the WHO recommendation of 1:600 patients. There is a severe shortage of professionals across the country. While Taraba boasts of just 201 doctors, leaving the state at a doctor-to-patient ratio of 1:17,959, only 10.9% of hospitals and clinics in Bauchi can boast of having at least one general medical doctor.

In addition to inadequate infrastructure, limited availability of drugs and medical supplies, and shortage of medical professionals, the states struggle with adequate capacity to address chronic and infectious diseases. Malaria is one major contender, having severely dealt with states like Kogi, Plateau, Niger, Ondo, Borno, Ebonyi and Plateau mainly during the rainy seasons, with Borno State alone reporting 527,305 cases in 2023, 15,036 of which majority were severe. Other diseases bedevilling the states include cholera, tuberculosis (32,297 cases reported in Kaduna in 2023), and measles, which occur more in northern states. Infectious diseases such as CSM seem to have a foothold in Yobe State, while Lassa fever is present in Kogi and Anambra.

Tags: 2024 Fiscal Performance RankingAnambraBudgITCross RiverKwaraLagosRivers
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