South-EastCap: Awka

Anambra State .

Governor Charles Soludo

Pop. ~6.5M

Total 2024 Budget

₦380,000,000,000

Anambra State is the commercial heartbeat of south-east Nigeria, home to the bustling Onitsha Market — one of the largest markets in Africa. The state has a highly entrepreneurial population and is known for producing many of Nigeria's most successful business people. Governor Soludo, a former CBN Governor, is driving an ambitious economic transformation agenda.

Metrics Overview

Capital Exp.

₦222,000,000,000

58% of total

Recurrent Exp.

₦158,000,000,000

42% of total

Total Revenue

₦380,000,000,000

Estimated income

Fiscal Balance

Balanced

Matched

Breakdowns

Infrastructure

₦98.0B25.8%

Education

₦88.0B23.2%

Health

₦68.0B17.9%

Agriculture

₦42.0B11.1%

Security

₦20.0B5.3%

Budget Insights

Key observations from Anambra State State's 2024 budget

Overview

Anambra State State's total budget for 2024 is ₦380.00 Billion. This budget is perfectly balanced.

Expenditure Focus

The largest single sector allocation is infrastructure, receiving ₦98.00 Billion. This accounts for 25.8% of the total budget.

Revenue Dependency

The primary source of revenue is faac, contributing ₦205.00 Billion. This represents 53.9% 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.