The Federal Government has said that state governments account for about 48 per cent of total public expenditure in Nigeria.
Minister of Budget and Economic Planning, Senator Abubakar Bagudu, disclosed this while receiving the newly appointed Minister of State for Budget and Economic Planning, Dr Doris Uzoka-Anite, who resumed duties at the ministry on Monday.
The minister, according to a statement by the Director of Information and Public Relations at the ministry, Julie Osagie-Jacobs, stressed that stronger coordination across all tiers of government would be critical to achieving the country’s economic development targets.
He emphasised the importance of effective policy coordination between federal, state, and local governments in driving national development, recalling recent discussions of the National Economic Council, which identified several key policy priorities aimed at accelerating national development, including improved coordination among federal, state, and local governments, especially since state governments account for about 48 per cent of public expenditure.
Bagudu also reaffirmed the Federal Government’s commitment to achieving the administration’s goal of growing Nigeria’s economy to $1tn by 2030, explaining that the target would be pursued through sustained economic expansion of about seven per cent annually, with the forthcoming National Development Plan covering 2026 to 2030 expected to guide policy reforms, investment priorities, and development initiatives across the country.
