Government budget and revenue in Ogun, Nigeria: official figures
Ogun raised ₦252.4 billion of its own revenue (taxes plus fees and charges from its ministries and agencies) in 2025, 4.9% of the ₦5.15 trillion raised by all states and the FCT; 5th highest of the 36 states and the FCT. That was up 29.5% on 2024 (₦194.9 billion).
Where does Ogun's own revenue come from?
Taxes made up 44% of that revenue, and pay-as-you-earn income tax on wages alone brought in ₦73.7 billion, 66% of the tax take.
Source: National Bureau of Statistics · saved copyHow much does Ogun get from FAAC?
The Ogun government received ₦17.2 billion net from the Federation Account Allocation Committee in July 2026 (shared from June revenue), 3rd smallest of the 36 states. The gross allocation of ₦20.3 billion included ₦10.3 billion of statutory allocation and ₦8.1 billion of VAT; ₦1.9 billion was deducted at source for external debt service.
Source: National Bureau of Statistics · saved copyHow much do local governments in Ogun receive?
In July 2026 Ogun's 20 local government councils shared ₦14.1 billion from the federation account, 16th smallest of the 36 states and the FCT.
Source: National Bureau of Statistics · saved copyHow much debt does Ogun have?
The Ogun government owed ₦189.1 billion in domestic debt on 30 June 2026, 4.1% of all state and FCT domestic debt and 6th largest of the 36 states and the FCT; that is about ₦29,031 per resident and 0.7 times its own revenue in 2025.
Source: Debt Management Office · saved copyHow much foreign debt does Ogun owe?
Its external debt stood at $225.12 million on 30 June 2026 (provisional), 3.3% of the states' and FCT's $6.8 billion and 7th largest of the 36 states and the FCT.
Source: Debt Management Office · saved copyMore figures
- In 2019 Ogun raised ₦81.4 billion, so its own revenue has grown 210% 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 Ogun compares with other states
Internally generated revenue (2025)
Ogun ranks 5 of 37, highest first.
| Rank | Region | Internally generated revenue |
|---|---|---|
| 2 | Rivers | ₦428.4 billion |
| 3 | Enugu | ₦406.8 billion |
| 4 | Federal Capital Territory | ₦356.3 billion |
| 5 | Ogun | ₦252.4 billion |
| 6 | Delta | ₦202.5 billion |
| 7 | Edo | ₦132.2 billion |
| 8 | Oyo | ₦103.2 billion |
Domestic debt of the state government (Jun 2026)
Ogun ranks 6 of 37, highest first.
| Rank | Region | Domestic debt of the state government |
|---|---|---|
| 3 | Federal Capital Territory | ₦358.8 billion |
| 4 | Rivers | ₦354.6 billion |
| 5 | Edo | ₦214.9 billion |
| 6 | Ogun | ₦189.1 billion |
| 7 | Bauchi | ₦157.4 billion |
| 8 | Niger | ₦140.0 billion |
| 9 | Cross River | ₦130.0 billion |
More on Ogun: 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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