Government budget and revenue in Akwa Ibom, Nigeria: official figures
Akwa Ibom raised ₦100.8 billion of its own revenue (taxes plus fees and charges from its ministries and agencies) in 2025, 2.0% of the ₦5.15 trillion raised by all states and the FCT; 10th highest of the 36 states and the FCT. That was up 33.0% on 2024 (₦75.8 billion).
Where does Akwa Ibom's own revenue come from?
Taxes made up 63% of that revenue, and pay-as-you-earn income tax on wages alone brought in ₦55.2 billion, 88% of the tax take.
Source: National Bureau of Statistics · saved copyHow much does Akwa Ibom get from FAAC?
The Akwa Ibom government received ₦66.3 billion net from the Federation Account Allocation Committee in July 2026 (shared from June revenue), 3rd largest of the 36 states. The gross allocation of ₦67.7 billion included ₦11.1 billion of statutory allocation, ₦45.9 billion from the 13% oil derivation fund and ₦8.6 billion of VAT; ₦243.84 million was deducted at source for external debt service.
Source: National Bureau of Statistics · saved copyHow much do local governments in Akwa Ibom receive?
In July 2026 Akwa Ibom's 31 local government councils shared ₦20.2 billion from the federation account, 8th largest of the 36 states and the FCT.
Source: National Bureau of Statistics · saved copyHow much debt does Akwa Ibom have?
The Akwa Ibom government owed ₦81.5 billion in domestic debt on 30 June 2026, 1.8% of all state and FCT domestic debt and 14th largest of the 36 states and the FCT; that is about ₦16,162 per resident and 0.8 times its own revenue in 2025.
Source: Debt Management Office · saved copyHow much foreign debt does Akwa Ibom owe?
Its external debt stood at $81.84 million on 30 June 2026 (provisional), 1.2% of the states' and FCT's $6.8 billion and 7th smallest of the 36 states and the FCT.
Source: Debt Management Office · saved copyMore figures
- In 2019 Akwa Ibom raised ₦35.5 billion, so its own revenue has grown 184% in six years, before allowing for inflation. Shared money from the federation account (FAAC) is not included in these figures. Source: National Bureau of Statistics · saved copy
How Akwa Ibom compares with other states
Internally generated revenue (2025)
Akwa Ibom ranks 10 of 37, highest first.
| Rank | Region | Internally generated revenue |
|---|---|---|
| 7 | Edo | ₦132.2 billion |
| 8 | Oyo | ₦103.2 billion |
| 9 | Kano | ₦102.3 billion |
| 10 | Akwa Ibom | ₦100.8 billion |
| 11 | Kwara | ₦95.4 billion |
| 12 | Kaduna | ₦86.7 billion |
| 13 | Abia | ₦70.4 billion |
Domestic debt of the state government (Jun 2026)
Akwa Ibom ranks 14 of 37, highest first.
| Rank | Region | Domestic debt of the state government |
|---|---|---|
| 11 | Adamawa | ₦102.4 billion |
| 12 | Yobe | ₦96.5 billion |
| 13 | Kaduna | ₦87.3 billion |
| 14 | Akwa Ibom | ₦81.5 billion |
| 15 | Imo | ₦79.5 billion |
| 16 | Osun | ₦78.1 billion |
| 17 | Taraba | ₦75.9 billion |
More on Akwa Ibom: overview · economy and jobs · health · education and schools · poverty and living standards · Nigeria
Sources
- Debt Management Office: Domestic debt data for the 36 states and the FCT as at June 30, 2026, read 23 October 2026 · saved copy (SHA-256 17e59a86a5ba…)
- Debt Management Office: States, FCT and Federal Government's external debt stock as at June 30, 2026 (provisional), read 23 October 2026 · saved copy (SHA-256 56a465c0c569…)
- National Bureau of Statistics: FAAC Disbursement July 2026 (June 2026 revenue): Table III state governments and LGC summary (Office of the Accountant-General of the Federation data), read 23 October 2026 · saved copy (SHA-256 7de8f58a0d10…)
- National Bureau of Statistics: Internally Generated Revenue at State Level 2025, with data for 2019-2025 (IGR_DATA_2019_2025.xlsx), read 23 October 2026 · saved copy (SHA-256 e3710744bb15…)
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