BudgIT, a civic-tech organisation advocating budget transparency and accountability, has revealed that Nigeria’s states recorded a significant rise in fiscal surplus, climbing from N2.8 trillion in 2023 to N7.1 trillion in 2024.
In a post shared via its X handle on Monday, the group attributed the increase partly to the Federal Government’s settlement of over N2 trillion in outstanding capital budget arrears from the 2024 fiscal year.
According to BudgIT, the expanded fiscal space offers states greater opportunity to channel resources into critical sectors such as infrastructure, healthcare, and education.
“As the focus shifts to 2025 capital releases, this momentum must be sustained,” the organisation stated, while urging citizens to actively monitor government spending through platforms like yourtracka.org and govspend.ng.
The group further stressed that public resources should deliver tangible benefits to the people, noting that “increased revenue must translate into development across states, local governments, and communities.”
