Burna Boy at the Boston Arts Academy after pledging to sponsor their schools free bodega annually 🔥
- he’s also doing work in Nigeria with his foundation “THE REACH”
Your post contrasting Ogun and Abia States’ finances paints Abia as reckless for presenting a ₦1.016 trillion 2026 budget while Ogun settles for ~₦800 billion. It highlights Ogun’s ₦195 billion current IGR against Abia’s ₦40 billion and projects Ogun hitting ₦500 billion IGR in 2026 versus Abia’s ₦223 billion. The conclusion: Abia is mortgaging its future with debt and FAAC dependence.
Facts tell a different story.
First, the ₦40 billion cited for Abia is outdated or partial (likely Q1–Q2 2025). Abia’s actual 2025 IGR is tracking toward ₦120–140 billion, with monthly collections rising from ₦2 billion pre-2023 to over ₦10 billion by mid-2025 through digital tax reforms and school fee automation. That is a 100–150 % year-on-year jump for two consecutive years, the fastest sustained IGR growth of any state in Nigeria. Ogun’s higher absolute figures are impressive, but its year-on-year growth is single-digit because it started from a far stronger industrial base next to Lagos.
Second, Abia’s ₦1.016 trillion 2026 budget allocates a record 80 % (₦811 billion) to capital expenditure—roads, power, education, and health—after decades of neglect that left Aba without functioning drainage or reliable electricity. Ogun, already infrastructurally advanced, can afford lower capital ratios. Abia is not “spending big”; it is finally catching up. Its 2025 capital implementation rate already exceeds 70 %, proving execution capacity.
Third, the revenue breakdown destroys the “FAAC/debt trap” narrative. Of Abia’s ₦1.016 trillion, only 14 % (₦83 billion) is FAAC, 11 % VAT, and 37 % is projected IGR—the single largest source. The balance comes from grants, statutory transfers, and structured borrowing (bonds and concessional loans) explicitly tied to revenue-yielding assets. Abia’s debt-to-revenue ratio remains among Nigeria’s lowest, and its IGR already covers over 50 % of recurrent expenditure, up from under 20 % in 2023.
Compare that to Ogun: even with ₦500 billion projected IGR, it will still rely on federal transfers for 25–30 % of its budget, a higher FAAC dependence ratio than Abia plans for 2026. Yet no one calls Ogun unsustainable.
The core difference is starting point and strategy. Ogun is a mature industrial state refining an already strong system. Abia is an agrarian state that was deliberately starved of investment for 24 years and is now sprinting to close the gap. Bold capital spending today is what will raise tomorrow’s IGR through better roads, power, and security that attract factories to Aba and Umuahia—just as Ogun benefited from earlier investments decades ago.
Independent rankings confirm the turnaround: BudgIT’s 2025 State Fiscal Sustainability Index placed Abia in the top 5 for the first time ever, citing the sharpest improvement in IGR-to-FAAC ratio nationwide. Ogun ranked high too, but its improvement was marginal.
In short, Abia is not burdening the next governor; it is building the economic base the next governor will inherit and expand. The numbers are ambitious because the neglect was deep. Far from fiscal irresponsibility, this is one of the clearest examples of visionary catch-up growth in Nigeria today.
Tinubu and his media team used a fake coup to deceive the public.
Tinubu needed to change this man because it wasn't working according to his agreement.
Lessons.
Starting on July 4th, every newborn in America will have their own “Trump Account” opened and seeded with $1,000.
We’re creating a whole new generation of capitalists who will experience the benefit of compound growth.
Thank you to President Trump for signing the Invest America Act into law. This will transform America. 🇺🇸