As Nigerian states prepare for the 2026 fiscal year, many governors are unveiling ambitious spending plans despite limited capacity to fund them internally, forcing heavier reliance on federal allocations, loans, and one-off revenue sources. A review of appropriation bills and approved budget estimates across several states reveals a persistent structural weakness: internally generated revenue (IGR) … Continue reading States Lean On FAAC And Borrowing As Weak IGR Shapes 2026 Budgets