Ekiti State
Budget Analysis 2024
Total Budget
₦159,000,000,000
159 Billion Naira
Expenditure Split
Recurrent
₦71,550,000,000
71 Billion 550 Million Naira
Capital
₦87,450,000,000
87 Billion 450 Million Naira
Budget Allocation by Sector
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Education
₦18,000,000,000
11.3%
Health
₦14,000,000,000
8.8%
Infrastructure
₦25,000,000,000
15.7%
Agriculture
₦12,000,000,000
7.5%
Budget Insights
Key observations from Ekiti State State's 2024 budget
Budget Overview
Ekiti State State's total budget for 2024 is 159 Billion Naira. This budget is balanced.
Expenditure Distribution
The budget prioritizes capital expenditure (55.0%) over recurrent expenditure (45.0%).
Sector Priorities
The highest allocation goes to the infrastructure sector with 25 Billion Naira (15.7% of total budget). The lowest allocation is for the agriculture sector with 12 Billion Naira (7.5% of total budget).
Revenue Sources
The primary source of revenue is FAAC at 100 Billion Naira (62.9% of total budget).
Budget Glossary
Key terms and definitions related to state budgets