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Ekiti State State
All States
South-WestCap: Ado-Ekiti

Ekiti State .

Governor Biodun Oyebanji
Pop. ~3.3M
PortalWebsite
Total 2024 Budget
₦215,000,000,000

Ekiti State is known as the land of honour and integrity. Despite being a relatively small state, it has a high literacy rate and produces many of Nigeria's academics and professionals. The state government is focused on improving education infrastructure and agricultural productivity.

Metrics Overview

Capital Exp.
₦87,000,000,000
40% of total
Recurrent Exp.
₦128,000,000,000
60% of total
Total Revenue
₦215,000,000,000
Estimated income
Fiscal Balance
Balanced
Income = Spending

Breakdowns

Education
₦68.0B31.6%
Infrastructure
₦52.0B24.2%
Health
₦42.0B19.5%
Agriculture
₦28.0B13.0%
Security
₦10.0B4.7%

Accountability Watch

Corruption & Fraud Tracker
Transparency ArchiveCase Record

Ayo Fayose

N6.9bn poultry project/money laundering trial

Read Source
Transparency ArchiveCase Record

Kayode Fayemi

Questioned over N4bn school funds misappropriation

Internal Record
Transparency ArchiveCase Record

Segun Oni

Probed regarding N2.1bn road contract irregularities

Internal Record

Budget Insights

Key observations from Ekiti State State's 2024 budget

Overview

Ekiti State State's total budget for 2024 is ₦215.00 Billion. This budget is perfectly balanced.

Expenditure Focus

The largest single sector allocation is education, receiving ₦68.00 Billion. This accounts for 31.6% of the total budget.

Revenue Dependency

The primary source of revenue is faac, contributing ₦138.00 Billion. This represents 64.2% 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.