President Bola Tinubu has urged state governments to use their increased revenues prudently, prioritizing projects that improve living standards and strengthen healthcare and education.
Tinubu made the call in a statement issued on Sunday by his Special Adviser on Information and Strategy, Bayo Onanuga, following the release of the World Bank’s October 2026 Nigeria Development Update.
The President said his administration’s economic reforms, including petrol subsidy removal, foreign exchange market unification, and fiscal discipline, had increased government revenues and created more room for investment in public services.
He urged governors to ensure the additional funds translate into better living conditions, including affordable healthcare, quality education, lower food prices, and more jobs.
According to the World Bank report, Nigeria’s economy grew by 4.2 percent in the first half of 2026, up from 3.9 percent in the corresponding period of 2025. The bank projects average annual growth of 4.4 percent between 2026 and 2028, provided reforms continue and public service delivery improves.
The report also found that state governments’ aggregate revenues rose by about 93 percent in real terms between 2023 and 2025, while expenditure increased by 92 percent.
Although states expanded infrastructure spending, the World Bank noted that education’s share of total expenditure declined from 14.9 percent in 2021 to 12.1 percent in 2025, while health spending remained broadly stable at about seven percent.
Tinubu reaffirmed his administration’s commitment to sustaining economic reforms and expanding targeted cash transfers, improving agricultural productivity, and increasing access to affordable healthcare and quality education.
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