Eight states have 2025 budgets exceeding their approved 2024 budgets by more than 100%

The increase in the national minimum wage, inflationary pressures, and proposed tax reforms are considerations that state governments have factored into their 2025 budgets, leading to bigger budgets nationwide.

The increase is unequal across states; eight states' 2025 budgets are over 100% higher than their approved 2024 budgets. Niger State saw the biggest increase, making it the state with the second-largest 2025 budget.

Source:

Media Reports, State budgets

Period:

2025
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Only ten states increased their 2025 budgets by less than 50% compared to 2024
  • While all states increased their budgets in 2025, only ten increased their budgets by less than 50%.
  • Akwa Ibom is the only state with a year-on-year budget increase below 20%.
  • Lagos has the country's biggest budget and the highest increase in the group, at nearly 50%.

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