*A state budget in Nigeria is a statement of intent, not a record of spending. The number signed in December is routinely revised mid-year and rarely implemented above 70% on the capital side. Read the figures below as the size of the claim, and the IGR line as the size of what the state can raise without Abuja.*
The numbers#
- 2025 approved budget: ₦606,991,849,118 (signed 23 December 2024)
- 2026 approved budget: ₦757 billion as presented 25 November 2025 (₦595.3bn capital, ₦161.6bn recurrent)
- Internally generated revenue (2023, the latest NBS state-level IGR report): ₦33.46 billion (₦23.33bn tax, ₦10.13bn MDA revenue)
- Debt stock (31 December 2025, provisional): ₦11,550,207,903.17 domestic plus US$102,579,265.24 external (multilateral only)
Note#
Anambra raises the largest internal revenue in the South-East and carries the smallest domestic debt stock of the five — about ₦11.6 billion, among the lowest in the federation. It is the clearest case on this site of a state that borrows less at home than its neighbours while collecting more. The 2026 figure is the amount presented: no assent release was traced. The monthly Federation Account receipt is omitted for the same reason.
References
Sources#
- Anambra State Government, 2025 Appropriation Law (signing release, 23 December 2024) and 2026 Appropriation Bill (presentation, 25 November 2025)
- National Bureau of Statistics, Internally Generated Revenue at State Level (2023), published October 2024
- Debt Management Office, States and FCT Domestic and External Debt Stock as at 31 December 2025 (provisional)