Government budget and revenue in Osun, Nigeria: official figures
Osun raised ₦56.8 billion of its own revenue (taxes plus fees and charges from its ministries and agencies) in 2025, 1.1% of the ₦5.15 trillion raised by all states and the FCT; 17th lowest of the 36 states and the FCT. That was up 3.8% on 2024 (₦54.8 billion).
Where does Osun's own revenue come from?
Taxes made up 42% of that revenue, and pay-as-you-earn income tax on wages alone brought in ₦17.4 billion, 74% of the tax take.
Source: National Bureau of Statistics · saved copyHow much does Osun get from FAAC?
The Osun government received ₦17.9 billion net from the Federation Account Allocation Committee in July 2026 (shared from June revenue), 5th smallest of the 36 states. The gross allocation of ₦19.8 billion included ₦10.1 billion of statutory allocation and ₦7.9 billion of VAT; ₦756.76 million was deducted at source for external debt service.
Source: National Bureau of Statistics · saved copyHow much do local governments in Osun receive?
In July 2026 Osun's 30 local government councils shared ₦18.3 billion from the federation account, 13th largest of the 36 states and the FCT.
Source: National Bureau of Statistics · saved copyHow much debt does Osun have?
The Osun government owed ₦78.1 billion in domestic debt on 30 June 2026, 1.7% of all state and FCT domestic debt and 16th largest of the 36 states and the FCT; that is about ₦17,368 per resident and 1.4 times its own revenue in 2025.
Source: Debt Management Office · saved copyHow much foreign debt does Osun owe?
Its external debt stood at $101.70 million on 30 June 2026 (provisional), 1.5% of the states' and FCT's $6.8 billion and 13th smallest of the 36 states and the FCT.
Source: Debt Management Office · saved copyMore figures
- In 2019 Osun raised ₦17.7 billion, so its own revenue has grown 221% 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 Osun compares with other states
Internally generated revenue (2025)
Osun ranks 21 of 37, highest first.
| Rank | Region | Internally generated revenue |
|---|---|---|
| 18 | Cross River | ₦58.6 billion |
| 19 | Ekiti | ₦57.1 billion |
| 20 | Anambra | ₦57.0 billion |
| 21 | Osun | ₦56.8 billion |
| 22 | Bauchi | ₦52.8 billion |
| 23 | Bayelsa | ₦50.3 billion |
| 24 | Plateau | ₦45.1 billion |
Domestic debt of the state government (Jun 2026)
Osun ranks 16 of 37, highest first.
| Rank | Region | Domestic debt of the state government |
|---|---|---|
| 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 |
| 19 | Borno | ₦72.7 billion |
More on Osun: 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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