
Borno State is Nigeria's largest state by land area and has been at the epicentre of the Boko Haram insurgency. Despite the security challenges, Governor Zulum has been lauded internationally for his humanitarian leadership. The state is working on rebuilding from decades of conflict while leveraging its agricultural potential around Lake Chad.
Key observations from Borno State State's 2024 budget
Borno State State's total budget for 2024 is ₦408.00 Billion. This budget is perfectly balanced.
The largest single sector allocation is infrastructure, receiving ₦95.00 Billion. This accounts for 23.3% of the total budget.
The primary source of revenue is faac, contributing ₦228.00 Billion. This represents 55.9% 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.