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2024: States Set N15.91trn Budget Benchmark [Breakdown]

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In the upcoming year of 2024, the nation’s 36 states, alongside the Federal Capital Territory, have collectively proposed a substantial budget of N15.91 trillion.

President Bola Ahmed Tinubu previously presented a N27.50 trillion budget titled the “Budget of Renewed Hope” to the National Assembly in late November 2023.

Presently, this budget is undergoing evaluation and discussions for final approval.

The proposed budget is aimed at fostering economic growth with a focus on generating employment, maintaining macro-economic stability, creating a more favorable investment climate, enhancing human capital development, and addressing poverty while improving access to social security.

Following this, governors from each state across the federation proceeded to present their respective budgets to their state assemblies.

A breakdown of the states’ budgets by regions indicates that the Southwest took the lead with a budget of N4.20 trillion, trailed by the South South with N3.43 trillion, the South East with N2.29 trillion, the North West with N2.50 trillion, the North Central with N1.89 trillion, and the North East with N1.60 trillion.

Within the total budget of N15.91 trillion, Lagos state emerged at the forefront, allocating N2.25 trillion.

This was followed by Akwa Ibom with N845.63 billion, Rivers with N800.39 billion, Delta with N724.90 billion, Ogun with N703.03 billion, Imo with N592.23 billion, Abia with N567.20 billion, Bayelsa with N480.99 billion, Enugu with N521.56 billion, and Anambra with N410.10 billion.

Niger state took the lead among other northern states with a budget of N613.27 billion, followed by Kaduna state with a budget of N458.27 billion. Following closely was Katsina with a budget of N454.31 billion.

Other states include Oyo with N434.22 billion, Zamfara with 423.52 billion, Ondo with N384.53 billion, Kano with N350.20 billion, Borno with N340.62 billion, Edo with N325.30 billion, Taraba with N311.39 billion, Bauchi with N300.22 billion, Jigawa with N298.14 billion, Kwara with N286.40 billion, Plateau with N295.43 billion, and Osun with N273.91 billion.

Kogi state unveiled a budget of ₦258.28 billion, which will be managed by the incoming governor following the departure of Governor Yahaya Bello in February 2024, concluding his two terms of four years in office.

Sokoto followed with a N270.1 billion budget, trailed by Kebbi with N250.13 billion, Cross River with N250 billion, Adamawa with N225.89 billion, Benue with N225.73 billion, Yobe with N217.00 billion, Gombe with N207.75 billion, Ebonyi with N202.13 billion, and Nasarawa with N199.88 billion.

Ekiti state presented the lowest budget of N159.57 billion.

Previously, Economic Confidential, a PR Nigeria subsidiary, identified Lagos, Ogun, Rivers, Kaduna, Kwara, Oyo, and Edo as the most financially robust states in Nigeria for 2022.

Zekeri Idakwo, the Assistant Editor of Economic Confidential, revealed this information during a press briefing and the unveiling of the 2022 Annual States Viability Index Report in Abuja.

He mentioned that the report was assembled using data released by the Nigerian Bureau of Statistics and the Federal Account Allocation Committee.

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Dangote Refinery Exports 1.1bn Litres of Aviation Fuel to Europe, Supplies 95% of Nigeria’s Jet A1 – AON

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The Airlines Operators of Nigeria (AON) has described the Dangote Petroleum Refinery and Petrochemicals as a critical pillar of support for Nigeria’s aviation industry, disclosing that the refinery currently supplies over 95 per cent of the Jet A1 fuel consumed nationwide.

Biztellers reports that the company also exported 1.1 billion litres of aviation fuel to Europe between March and April 20.

Speaking during a televised interview, AON spokesperson Obiora Okonkwo said the refinery’s output has played a vital role in sustaining domestic airline operations at a time of global supply disruptions arising from tensions in the Middle East and rising fuel costs.

“It is a matter of fact that over 95 per cent of aviation fuel supplied across the country comes from the Dangote refinery. To airline operators in Nigeria, Dangote is not just a refinery; it is a game changer and, indeed, a lifesaver,” Okonkwo said.

He noted that despite the refinery’s consistent supply, airlines continue to face severe operational strain due to escalating Jet A1 prices, which he attributed to sharp practices within the downstream distribution chain.

According to Okonkwo, some fuel marketers are allegedly creating artificial scarcity in spite of available supply from the refinery, leading to disproportionate price increases. He disclosed that airline operators have recorded Jet A1 price hikes of up to 300 per cent since the onset of the Middle East crisis.

“We consider this exploitation. The refinery has not indicated any shortage, yet we are witnessing artificial scarcity and unjustifiable price increases. What airlines pay does not reflect depot prices,” he said, suggesting the presence of racketeering within the market.

Echoing these concerns after a closed‑door meeting between the AON and the Federal Government, Chairman and Chief Executive Officer of Air Peace, Allen Onyema, described the situation as deeply troubling, particularly given that the Dangote refinery sells its products at comparatively lower rates.

“The truth is that marketers must be called to account. How do prices rise by as much as 300 per cent when Dangote’s supply remains the cheapest and some marketers source directly from the refinery?” Onyema asked. “So, why the astronomical increase?”

ALSO READ: NNPC Ltd, Algeria’s Sonatrach Ink MoU for Research, Innovation

Meanwhile, the Dangote Refinery continues to expand its footprint in the international aviation fuel market. Industry data indicate that the facility exported approximately 876,000 metric tonnes of jet fuel to Europe within the period under review—about 456,000 tonnes in March and an additional 420,000 tonnes by April 20.

These export volumes underscore the refinery’s growing capacity and improved logistics, further reinforcing Nigeria’s emerging role in the global downstream oil and gas market, even as it strengthens domestic energy security.

Photo Caption
From Left: President/CE, Dangote Industries Limited, Aliko Dangote; President of Uganda, H.E. Yoweri Museveni; President of Kenya, H.E. William Ruto, and CEO of the Africa Finance Corporation, Samaila Zubairu, at The Africa We Build Summit in Nairobi, Kenya, on Thursday.

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Peterside Harps on Strong Leadership at NCDMB Book Reading Series

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The Nigerian Content Development and Monitoring Board (NCDMB), on Wednesday at its Conference Centre hosted the 2026 first quarter edition of its Book Reading Series.

With Dr. Dakuku Peterside, former Director-General of the Nigerian Maritime and Safety Administration (NIMASA) as guest author, the event focused on the 204-page publication of the author, ‘Leading in a Storm: Practical Leadership Strategies in Crisis Situations’, published in 2025.

The capacity audience was drawn from higher institutions, the media, Association of Nigerian Authors (ANA), and Nigerian Institute of Public Relations (NIPR), with several others participating virtually.

The Executive Secretary of the NCDMB, Felix Ogbe, represented by the General Manager, Corporate Communications Division (CCD), Dr. Obinna Ezeobi, said the book programme, which he described as “a signature event”, speaks to creativity, which is one of the core values of the Board.

He explained that the event is part of the Board’s strategy in fostering intellectual activity and sophistication among stakeholders, as well as building the abilities of Nigerians to operate productively in the oil and gas industry and linkage sectors, which is one of its core mandates.

The Executive Secretary enumerated several initiatives of the Board geared towards advancement of research and technology; notably six centres of excellence in the nation’s six geopolitical zones, each of which has a unique theme.

These are the Niger Delta University, Amassoma, with Marine and Petrochemical Technologies as theme; the Federal University of Technology, Minna (Engineering Design), and Federal University of Technology, Owerri (Local Raw Materials Substitution).

ALSO READ: PDP Chieftain Explains Why Peter Obi Could Restore National Hope in Nigeria

Others are Modibbo Adama University of Technology (MAUTECH), Yola (Safety and Environment Studies); Usman Dan Fodio University (UDUS), Sokoto (Renewable Energy), and Federal University of Technology, Akure (Geology and Geophysical Studies).

Additional research centres established by the Board include Geosciences Research Centre at the University of Lagos and Marine and Offshore Training Centre at Rivers State University, Port Harcourt.

The latest is the Centres of Excellence in Gas Development at Delta State University, Abraka, being developed in partnership with Seplat Energy Plc.

According to Ogbe, the NCDMB is collaborating with Renaissance Africa Energy Company Limited (RAEC), First Exploration and Petroleum Development Company Limited, and the Nigerian Society of Engineers (NSE), to organise the first Nigerian Engineering Olympiad (NEO), which was launched on November 20, 2025 in Abuja.

The Olympiad is to encourage final-year and postgraduate students to be innovative in applying engineering principles to real-world operational challenges in and out of the oil and gas industry.

In the book conversation segment, moderated by Mr. Victor Binawari, Peterside explained the inspiration behind ‘Leading in a Storm…,’ saying, “My own lived experience informed the contents and thrusts of the work.”

He added, “Every single day, Nigerians face one crisis or another, and the experiences posit weakness of leadership.”

He recalled his time at the National Assembly, when he served as Chairman of the House of Representatives Committee on the Downstream Petroleum sector, with the unremitting crises in fuel supply.

As NIMASA Director General, he said he had to contend with recurring incidents of piracy within Nigeria’s territorial waters.

“Then the COVID-19 pandemic, which saw many world leaders fumbling, unable to determine how best to safeguard the health of citizens,” he said, adding that another inspiration was drawn from an uncomplimentary remark by a professor at America’s Kellog School of Management.

He said, “The professor remarked that ‘Africa is in a near-permanent state of crises.’ I began to investigate how leaders can perform better in crisis situations; calmness, clarity, adaptability, and resilience are critically important. What kind of choices leaders make when faced with crises would reveal the stuff they are made of.”

He outlined eight competencies of leadership, namely: “Contextual intelligence- the ability to read situations accurately and understand the deeper forces at play; Calm Confidence – which provides emotional stability; Sense-making – which enables a leader to find patterns in chaos and make meaning from confusion; Strategic Decision-making; Clear Communication; Strategic Flexibility; Coordinating Teamwork, and Facilitating Learning.

“Every great leader should rank high enough in these.”

On his style, which relies heavily on storytelling, he stated that stories are relatable, memorable and engaging, and that “stories teach you principles which you can apply.”

In closing remarks, Mr. Teleola Oyeleke, Supervisor, CCD of NCDMB, thanked Peterside for readily accepting the invitation and for the wealth of experience he shared at the event.

He also thanked all participants, while advising them to read and digest the contents of the book.

He also echoed the guest author in challenging attendees to have personal development programmes.

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Political Earthquake Brewing? Peter Obi, Bala Mohammed in Closed-Door Talks

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Former Labour Party presidential candidate in the 2023 general election, Peter Obi, on Thursday visited Bauchi State for a closed-door meeting with Governor Bala Mohammed amid growing political realignments in the country.

Obi, who is also a chieftain of the African Democratic Congress (ADC) opposition coalition, arrived at the Bauchi State Government House where he proceeded to a private meeting with the governor at the Presidential Lounge.

SEE MORE: PDP Chieftain Explains Why Peter Obi Could Restore National Hope in Nigeria

The purpose of the visit was not immediately known as both politicians held discussions behind closed doors.

Details of the meeting remained undisclosed at the time of filing this report.

However, sources within the Government House suggested that the meeting may be connected to recent political developments and possible alignments ahead of future elections, though this could not be independently verified.

Both leaders are expected to brief journalists after the meeting concludes.
Governor Bala Mohammed, who serves as Chairman of the Peoples Democratic Party (PDP) Governors’ Forum, has recently been at the center of political speculation regarding his party allegiance.

On March 31, he reportedly hinted at a possible political shift during a meeting with a delegation of the African Democratic Congress led by former Secretary to the Government of the Federation, Babachir Lawal, at the Government House in Bauchi.

However, his political engagements appeared to take a different turn shortly after, as he also hosted the National Chairman of the All Progressives Congress (APC), Nentawe Yilwatda, alongside Kano State Governor, Abba Yusuf, on April 1 at the same venue.

The latest meeting with Obi has further intensified speculation about ongoing political consultations and possible future alignments among key political actors.

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