…Revenue boom puts governors under pressure to deliver
Nigeria’s public finances have undergone a dramatic shift since President Bola Tinubu’s administration scrapped the petrol subsidy and overhauled the foreign-exchange market, sending a surge of revenue into the federation account and sharply increasing the funds available to governments at every level.
Data from the Ministry of Finance show that the federal Government, 36 states and 774 local governments shared about N93.2 trillion from the federation account between 2017 and 2025. But more than half of that amount—about N47.25 trillion—was distributed in just three years, from 2023 through 2025.
The increase has strengthened government revenues but also intensified questions over what Nigerians are getting in return.
The figures underline the scale of the fiscal transformation triggered by the reforms introduced after Tinubu took office in May 2023.
