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Ebonyi State State
All States
South-EastCap: Abakaliki

Ebonyi State .

Governor Francis Nwifuru
Pop. ~3.1M
PortalWebsite
Total 2024 Budget
₦285,000,000,000

Ebonyi State, one of the youngest states in Nigeria created in 1996, is known as the Salt Lake State due to its significant salt deposits. Abakaliki is a growing urban centre and the state has become a major producer of rice in Nigeria. The government has invested heavily in road infrastructure and the Abakaliki urban renewal project.

Metrics Overview

Capital Exp.
₦147,000,000,000
52% of total
Recurrent Exp.
₦138,000,000,000
48% of total
Total Revenue
₦285,000,000,000
Estimated income
Fiscal Balance
Balanced
Matched

Breakdowns

Education
₦78.0B27.4%
Infrastructure
₦68.0B23.9%
Health
₦58.0B20.4%
Agriculture
₦42.0B14.7%
Security
₦12.0B4.2%

Budget Insights

Key observations from Ebonyi State State's 2024 budget

Overview

Ebonyi State State's total budget for 2024 is ₦285.00 Billion. This budget is perfectly balanced.

Expenditure Focus

The largest single sector allocation is education, receiving ₦78.00 Billion. This accounts for 27.4% of the total budget.

Revenue Dependency

The primary source of revenue is faac, contributing ₦178.00 Billion. This represents 62.5% 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.