South-SouthCap: Calabar

Cross River State .

Governor Bassey Otu

Pop. ~3.8M

Total 2024 Budget

₦385,000,000,000

Cross River State is Nigeria's tourism capital, home to the famous Obudu Mountain Resort and Calabar, one of Africa's cleanest cities. The state boasts the largest concentration of biodiversity in West Africa through the Cross River National Park. Calabar is also renowned for its annual December carnival.

Metrics Overview

Capital Exp.

₦190,000,000,000

49% of total

Recurrent Exp.

₦195,000,000,000

51% of total

Total Revenue

₦385,000,000,000

Estimated income

Fiscal Balance

Balanced

Matched

Breakdowns

Infrastructure

₦95.0B24.7%

Education

₦88.0B22.9%

Health

₦70.0B18.2%

Agriculture

₦48.0B12.5%

Security

₦18.0B4.7%

Budget Insights

Key observations from Cross River State State's 2024 budget

Overview

Cross River State State's total budget for 2024 is ₦385.00 Billion. This budget is perfectly balanced.

Expenditure Focus

The largest single sector allocation is infrastructure, receiving ₦95.00 Billion. This accounts for 24.7% of the total budget.

Revenue Dependency

The primary source of revenue is faac, contributing ₦215.00 Billion. This represents 55.8% 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.