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26 states lean on FAAC as wage bills outstrip IGR

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26 states lean on FAAC as wage bills outstrip IGR

07 Sep, 2026

At least 26 state governments could not generate enough internal revenue to cover their personnel costs in 2025, as they continue to depend on allocations from the Federation Account despite a significant improvement in their finances. An analysis by The PUNCH showed that only eight of the 34 states covered by a new BudgIT report generated Internally Generated Revenue higher than their personnel expenditure during the year. The eight states were Lagos, Enugu, Ogun, Delta, Kaduna, Kwara, Abia and Anambra...................................READ MORE