Government budget and revenue in Imo, Nigeria: official figures
Imo raised ₦43.6 billion of its own revenue (taxes plus fees and charges from its ministries and agencies) in 2025, 0.8% of the ₦5.15 trillion raised by all states and the FCT; 11th lowest of the 36 states and the FCT. That was up 72.7% on 2024 (₦25.3 billion).
Where does Imo's own revenue come from?
Taxes made up 86% of that revenue, and pay-as-you-earn income tax on wages alone brought in ₦19.5 billion, 52% of the tax take.
Source: National Bureau of Statistics · saved copyHow much does Imo get from FAAC?
The Imo government received ₦25.6 billion net from the Federation Account Allocation Committee in July 2026 (shared from June revenue), 8th largest of the 36 states. The gross allocation of ₦27.8 billion included ₦11.5 billion of statutory allocation, ₦4.6 billion from the 13% oil derivation fund and ₦9.6 billion of VAT; ₦543.56 million was deducted at source for external debt service.
Source: National Bureau of Statistics · saved copyHow much do local governments in Imo receive?
In July 2026 Imo's 27 local government councils shared ₦18.5 billion from the federation account, 12th largest of the 36 states and the FCT.
Source: National Bureau of Statistics · saved copyHow much debt does Imo have?
The Imo government owed ₦79.5 billion in domestic debt on 30 June 2026, 1.7% of all state and FCT domestic debt and 15th largest of the 36 states and the FCT; that is about ₦14,328 per resident and 1.8 times its own revenue in 2025.
Source: Debt Management Office · saved copyHow much foreign debt does Imo owe?
Its external debt stood at $109.20 million on 30 June 2026 (provisional), 1.6% of the states' and FCT's $6.8 billion and 16th smallest of the 36 states and the FCT.
Source: Debt Management Office · saved copyMore figures
- In 2019 Imo raised ₦6.2 billion, so its own revenue has grown 606% 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 Imo compares with other states
Internally generated revenue (2025)
Imo ranks 27 of 37, highest first.
| Rank | Region | Internally generated revenue |
|---|---|---|
| 24 | Plateau | ₦45.1 billion |
| 25 | Gombe | ₦44.0 billion |
| 26 | Kogi | ₦43.9 billion |
| 27 | Imo | ₦43.6 billion |
| 28 | Borno | ₦36.4 billion |
| 29 | Adamawa | ₦33.8 billion |
| 30 | Nasarawa | ₦32.6 billion |
Domestic debt of the state government (Jun 2026)
Imo ranks 15 of 37, highest first.
| Rank | Region | Domestic debt of the state government |
|---|---|---|
| 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 |
| 18 | Enugu | ₦74.5 billion |
More on Imo: 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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