Tinubu Hails World Bank Report, Urges States To Spend Higher Revenues Prudently

President Bola Tinubu has welcomed the World Bank’s latest Nigeria Development Update and urged state governments to spend their higher revenues more prudently, prioritising projects that improve living standards, health and education.
The President said the report’s findings confirm that his administration’s economic reforms are delivering results according to a statement issued on Sunday by his special adviser on Information and Strategy, Bayo Onanuga.
The October 2026 update, titled Beyond the Federal Purse: How Higher Revenues Reshaped State Priorities, found that reforms since 2023 raised federation revenues by 69 per cent in real terms between 2023 and 2025, with states the larg...