World Bank Raises Concern Over Declining Education Spending Despite States’ Revenue Growth
The World Bank has raised concerns over declining education spending in Nigeria, despite a 93 per cent increase in state governments’ revenues between 2023 and 2025. According to the bank’s latest Nigeria Development Update, states’ aggregate revenues rose by approximately 93 per cent in real terms, while expenditure increased by 92 per cent during the period. The growth was attributed partly to exchange-rate reforms, the removal of petrol subsidies, improved […]