South-EastCap: Umuahia

Abia State .

Governor Alex Otti

Pop. ~3.7M

Total 2023 Budget

₦160,517,504,300

-71.7% vs 2024

Abia State is an industrial and commercial hub in south-eastern Nigeria. Aba, the state's commercial capital, is the manufacturing centre of the south-east, producing shoes, textiles, and garments that are exported across Africa. Governor Alex Otti, a seasoned banker, is driving a reform agenda focused on industrialisation and fiscal discipline.

Metrics Overview

Capital Exp.

₦86,383,640,900

54% of total

Recurrent Exp.

₦74,133,863,400

46% of total

Total Revenue

₦177,588,697,100

Estimated income

Fiscal Balance

Surplus

₦17,071,192,800

Breakdowns

Education

₦102.5B63.9%

Health

₦69.0B43.0%

Infrastructure

₦72.5B45.2%

Agriculture

₦23.5B14.6%

Security

₦490M0.3%

Budget Insights

Key observations from Abia State State's 2023 budget

Overview

Abia State State's total budget for 2023 is ₦160.52 Billion. This budget operates with a surplus of ₦17,071,192,800.

Expenditure Focus

The largest single sector allocation is education, receiving ₦102.55 Billion. This accounts for 63.9% of the total budget.

Revenue Dependency

The primary source of revenue is faac, contributing ₦73.87 Billion. This represents 41.6% of the total expected revenue.

Glossary

Common budget terms explained

IGR

Internally Generated Revenue. Money collected by the state internally (taxes, fines).

FAAC

Federation Account Allocation Committee. Funds distributed from the federal government.

Capital Exp.

Money spent on long-term physical assets like roads, schools, and hospitals.

Recurrent Exp.

Money spent on day-to-day operations like salaries and overhead costs.

Deficit

When a state plans to spend more money than it expects to collect in revenue.