From Higher Revenues to Better Lives: Strengthening State Spending for Growth, Jobs, and Services ABUJA, October 8, 2026 — Nigeria’s economic performance has improved in 2026 with a recovery in growth, public finances, and the external position amid a global oil price shock. Sustaining the reform momentum will ensure that the benefits of the reform are widely shared. The reforms led a significant increase in revenue especially to the States. An analysis of where these funds were spent is the special topic of the latest Nigeria Development Update (NDU) titled “Beyond the Federal Purse: How Higher Revenues Reshaped State Priorities.” The report finds that Nigeria’s economy remained resilient, with real GDP growing by 4.
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