The real test of Nigeria’s post-subsidy finances is in state capitals

…With post-subsidy revenues surging, scrutiny should shift from Abuja to the states Nigerian’s political conversation still revolves around Abuja. When hospitals fail, roads collapse or schools deteriorate, public anger travels quickly to the Federal Government. Yet the fiscal reality has changed. The debate is now in the wrong capital.

The windfall era

Since the removal of fuel subsidy in 2023, allocations from the Federation Account Allocation Committee have surged. Across the country, state revenues fr