Home » Africa: Enugu State records N130.62 billion revenue in first quarter as Enugu Air leads internally generated revenue

Africa: Enugu State records N130.62 billion revenue in first quarter as Enugu Air leads internally generated revenue

by Atqnews
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Enugu Air

The Enugu State Government generated N130.62 billion in revenue in the first quarter of 2026 under Governor Peter Mbah. Enugu Air emerged as the state’s leading source of internally generated revenue during the period.

According to premiumtimesng, the government also carried over N28.79 billion from 2025 as its opening balance, bringing total available funds between January and March to N130.62 billion.

According to the report, the state received N57.86 billion as its share from the Federation Account Allocation Committee, while Internally Generated Revenue (IGR) accounted for N43.96 billion.

The report further revealed that the state obtained no loans during the period despite a legislative approval authorising borrowing of up to N282.75 billion for the 2026 fiscal year.

Breakdown of spending
Out of the total funds, Enugu State disbursed N48.9 billion in the first quarter.

READ: Africa: Enugu Air Receives Air Operator Certificate (AOC) Approval from NCAA to Begin Commercial Flight Operations in Nigeria

The document shows that N12.69 billion was spent on personnel costs, N1.52 billion on overhead, and N3.32 billion on other recurrent expenses. Capital expenditure, covering projects and government programmes, accounted for N31.37 billion.

A breakdown of spending by administrative offices shows the Ministry of Works and Infrastructure as the top spender, drawing N23.93 billion during the quarter.

The Office of the Accountant General followed, spending N5.33 billion, while the Enugu Universal Basic Education Board received N4.55 billion. The Office of the Head of Service and the Enugu State Primary Healthcare Development Agency followed with N3.34 billion and N1.79 billion, respectively.

Enugu Air leads revenue generation
On the revenue side, Enugu Air, the state-owned carrier, which began commercial flights with three Embraer aircraft in July 2025, leads revenue generation.

Enugu Air is the second state-owned commercial airline in Nigeria, following Akwa Ibom’s unveiling of Ibom Air in 2019

It Enugu Air topped the IGR chart with a remarkable N11.59 billion in earnings.

Other major contributors included personal taxes (N7.31 billion), sale of land and housing (N5.74 billion), court summons fees (N2.66 billion), other taxes (N2.58 billion), and examination fees (N1.99 billion).

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