This is Follow the Money, our weekly series that unpacks the earnings, business, and scaling strategies of African fintechs, financial institutions, companies and governments. A new edition drops every Monday by 9 am WAT. Twenty-three Nigerian states plan to spend ₦132.45 billion ($97.15 million) to fund their technology ministries and digital ambitions in 2026, according to budget documents sourced from Budgit’s Open States, a digital platform that publishes budget reports for all 36 Nigerian states. This is nearly four times the ₦33.59 billion ($24.64 million) they actually spent in 2025. Last year, these states budgeted ₦80.21 billion ($58.83 million) for technology initiatives and achieved an execution rate of just 41.88%. Despite the jump in headline allocation, technology ministri...