{
  "id": 13754505,
  "title": "Tinubu urges states to use ‘higher’ revenues prudently",
  "url": "https://urgent.news/2026/10/11/tinubu-urges-states-to-use-higher-revenues-prudently",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-11T16:48:06.000Z",
  "source": {
    "name": "Punch Nigeria",
    "slug": "punch-nigeria",
    "url": "https://punchng.com/tinubu-urges-states-to-use-higher-revenues-prudently/"
  },
  "original_language": "en",
  "account": "President Bola Tinubu has urged state governments to judiciously utilize their increased revenues and focus on projects that improve the standard of living for Nigerians. This call comes following the World Bank's October 2026 Nigeria Development Update, titled \"Beyond the Federal Purse: How Higher Revenues Reshaped State Priorities.\" The update confirms that the reforms of Tinubu's administration, including the removal of the fuel subsidy, unification of the foreign exchange market, and fiscal discipline, have raised the country's revenues and stabilised the economy. The report indicates that the states have benefited the most, with their revenues growing by 69% in real terms between 2023 and 2025. The additional resources have been used to boost capital spending by 151% in real terms, with most of the increase going toward roads, transport, agriculture, energy, and housing. Twenty-nine of the 33 states shifted their spending towards economic infrastructure, and real social spending per person rose in all but one state. Tinubu emphasized that while the dividends of reform are becoming visible, more work remains to ensure they fully translate into better living standards, including lower food prices and decent jobs.",
  "summary": "President Bola Tinubu has urged state governments in the Federation to judiciously utilise their revenues and ensure their administrations prioritise projects that improve the standard of living of the populace. Tinubu, who also called for better investments in the health and education sectors, stated this in a State House release issued on Sunday by his Read More:…",
  "key_points": [
    "President Tinubu urges states to prudently use higher revenues.",
    "State revenues grew 69% in real terms from 2023 to 2025.",
    "29 states redirected spending to economic infrastructure."
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 3,
    "also_reported_by": [
      {
        "outlet": "Daily Post Nigeria",
        "title": "WoPU commends Tinubu’s petroleum sector Intervention, urges transporters to reduce Fares, food distribution costs",
        "url": "https://urgent.news/2026/10/11/wopu-commends-tinubus-petroleum-sector-intervention-urges",
        "published": "2026-10-11T16:51:40.000Z"
      },
      {
        "outlet": "Punch",
        "title": "Tinubu urges states to use ‘higher’ revenues prudently",
        "url": "https://urgent.news/2026/10/11/tinubu-urges-states-to-use-higher-revenues-prudently-13759351",
        "published": "2026-10-11T17:16:06.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}