*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: ₦427,746,925,170 (signed 30 December 2024)
- 2026 approved budget: ₦723,400,000,000 (signed 29 December 2025)
- Internally generated revenue (2024, state Auditor-General's financial statements): ₦54.7 billion
- Debt stock (31 December 2025, provisional): ₦80,281,419,049.53 domestic
Note#
External debt and the state's monthly Federation Account receipt are not listed here: neither line could be read off a primary DMO or Office of the Accountant-General table in this pass, and this record does not carry figures it cannot cite. The IGR figure comes from the state's own audited accounts rather than the NBS state-level IGR report, which had not published a comparable 2024 line.
References
Sources#
- Osun State Government, 2025 and 2026 Appropriation Laws (signing releases, 31 December 2024 and 29 December 2025)
- Osun State Auditor-General, Financial Statements for the year ended 31 December 2024
- Debt Management Office, States and FCT Domestic Debt Stock as at 31 December 2025 (provisional)