Borno
Budget Analysis 2024
Total Budget
₦340,619,836,000
340 Billion 619 Million Naira
Expenditure Split
Recurrent
₦109,200,780,811
109 Billion 200 Million Naira
Capital
₦208,371,260,000
208 Billion 371 Million Naira
Budget Allocation by Sector
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Education
₦38,000,000,000
11.2%
Health
₦51,000,000,000
15.0%
Infrastructure
₦37,502,075,000
11.0%
Security
₦5,238,000,000
1.5%
Budget Insights
Key observations from Borno State's 2024 budget
Budget Overview
Borno State's total budget for 2024 is 340 Billion 619 Million Naira. This budget has a surplus of ₦75,855,414,405.
Expenditure Distribution
The budget prioritizes capital expenditure (61.2%) over recurrent expenditure (32.1%).
Sector Priorities
The highest allocation goes to the health sector with 51 Billion Naira (15.0% of total budget). The lowest allocation is for the security sector with 5 Billion 238 Million Naira (1.5% of total budget).
Revenue Sources
The primary source of revenue is FAAC at 157 Billion 979 Million Naira (46.4% of total budget).
Budget Glossary
Key terms and definitions related to state budgets