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
Income = Spending
Breakdowns
Infrastructure
₦95.0B24.7%
Education
₦88.0B22.9%
Health
₦70.0B18.2%
Agriculture
₦48.0B12.5%
Security
₦18.0B4.7%
Accountability Watch
Corruption & Fraud Tracker
Transparency ArchiveCase Record
Ben Ayade
EFCC probe into N2.1bn health insurance funds
Internal Record
Transparency ArchiveCase Record
Liyel Imoke
Questioned regarding N2.3bn power project diversion
Internal Record
Transparency ArchiveCase Record
Donald Duke
N537m debt recovery/asset forfeiture litigation
Internal Record
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.
Balanced Budget
When a state's total revenue (income) exactly matches its total planned expenditure. It means the state isn't spending more than it makes.
Surplus
When a state expects to collect more money in revenue than it plans to spend.