
Benue State is the Food Basket of the Nation, producing the largest quantities of yam and cassava in Nigeria. The state lies in the productive middle-belt region and has fertile agricultural lands watered by the Benue River. Makurdi is a major commercial and educational hub with several universities.
Key observations from Benue State State's 2024 budget
Benue State State's total budget for 2024 is ₦285.00 Billion. This budget is perfectly balanced.
The largest single sector allocation is agriculture, receiving ₦82.00 Billion. This accounts for 28.8% of the total budget.
The primary source of revenue is faac, contributing ₦198.00 Billion. This represents 69.5% of the total expected revenue.
Common budget terms explained
Internally Generated Revenue. Money collected by the state internally (taxes, fines).
Federation Account Allocation Committee. Funds distributed from the federal government.
Money spent on long-term physical assets like roads, schools, and hospitals.
Money spent on day-to-day operations like salaries and overhead costs.
When a state plans to spend more money than it expects to collect in revenue.