Only ten states increased their 2025 budgets by less than 50% compared to 2024

Key takeaways

  • 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%.

Across all states, 2025 state budgets are marked by increases compared to 2024. However, the size of the increases varies across states; 26 states opted for increases above 50% year-on-year, while ten states kept theirs below 50%.

There are disparities among the states with budget increases below 50%. Lagos' 2025 budget is 48.45% larger than 2024, the biggest of the ten states, while Akwa Ibom's is 12.36%, the smallest increase.

Anambra, Bayelsa, and Yobe join Lagos in having over 40% year-on-year increases, while Zamfara joins Akwa Ibom as the only two states with less than a 30% increase in the size of their budget.

Source:

Media Reports, State budgets

Period:

2025
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