Agora Policy is a Nigerian think tank and non-profit committed to finding practical solutions to urgent national challenges. We conduct policy research, facilitate frank and purposeful dialogues, and build capacity for governance, policy and advocacy.
In value terms, Lagos, Akwa Ibom and Bayelsa recorded the highest total revenue and FAAC allocations during the first nine months of 2026 while Lagos, Ogun and Enugu generated the highest IGR.
🚨 States’ Revenue Performance (Q1-Q3, 2026)
In the first nine months of 2026, 31 of the 36 states reviewed collectively achieved 73.5% of their pro-rated budgeted revenue. Of the ₦11.7tn in actual revenue, ₦8.33tn (71%) came from FAAC, while ₦3.37tn (29%) was through IGR.
Seven states (Ekiti, Kogi, Yobe, Ondo, Cross River, Kano and Kaduna) generated over 100% of their pro-rated IGR targets while six states generated less than half of their pro-rated IGR projections.
In value terms, Lagos, Kano and Bayelsa recorded the highest amount in total and capital expenditure during the first nine months of 2026. For recurrent expenditure, Lagos, Ogun and Kogi recorded the highest spending.
🚨States’ Budget Performance (Q1-Q3, 2026)
Between Q1-Q3 2026, 31 out of 36 states recorded a combined budget implementation rate of 52%. Of the ₦12.75tn spent, ₦6.94tn (54%) went towards capital expenditure while ₦5.81tn (46%) was spent on recurrent expenditure.
On the other hand, 18 states recorded recurrent expenditure implementation rates above 70% while Imo and Enugu implemented less than 40% of their recurrent budgets over the period.
At Agora Policy, we believe in engaging young people and equipping the next generation of policy thinkers and leaders. We appreciate the YLDP finalists and delegation from @LEAPAfrica for the visit and the insightful conversations.
Last week, Agora Policy hosted the finalists of @LEAPAfrica’s Youth Leadership Development Programme (YLDP) for an engaging session. The interaction provided an opportunity for the finalists to connect their experiences in the programme with the realities of public policy.
The session also featured an interactive Q&A with Agora Policy’s Founder & Executive Director, Mr. Waziri Adio (@Waziriadio), who personally engaged with the students and responded to their questions.
🚨New Publication Alert🚨
Our latest Policy Note, written by Suleiman Shehu, contends that Nigeria has suffered less from the size of its industrial ambitions than from the abiding failure to learn from its own past attempts at industrialisation.👇🏽
https://t.co/yttyJfg64p
A panel bringing together perspectives on state finances, spending priorities and citizens’ needs calls for someone who can guide the discussion with depth and insight.
We bring you @Waziriadio, Executive Director of @AgoraPolicy, as the Moderator of the #StateofStates2026 panel!
A newspaper columnist, policy enthusiast and former public official, Mr. Adio has experience across journalism, public policy and governance. He previously served as Executive Secretary of the Nigeria Extractive Industries Transparency Initiative (NEITI) and has held several editorial and advisory positions throughout his career.
He’ll guide the discussion as our panellists examine state spending priorities and how well government decisions reflect the needs of citizens.
This is a conversation you don’t want to miss!
Register now to secure your spot: https://t.co/FW1Pkdj7np
🗓️ November 3, 2026
⏰9:00 AM
#StateofStates2026 #GetInvolved #AskQuestion
🚨Nine months into 2026, what do FAAC disbursement patterns reveal about the state of public finances in Nigeria?
Exploring this crtical question, our latest blogpost presents 10 key insights from FAAC allocations for
January to September 2026. 👇🏾
https://t.co/fGwoQhibRD
🚨New Publication Alert🚨
Our latest Policy Memo, written by Dr Lynda-Uta Okon, argues for a coastal resilience strategy that goes beyond seasonal flood relief and connects disaster preparedness with ecosystem protection and household recovery. 👇🏽
https://t.co/mpe7ZgTVMK