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Federal Capital Territory State

Federal Capital Territory

Budget Analysis 2024

Total Budget

₦1,500,000,000,000
1 Trillion 500 Billion Naira

Expenditure Split

Recurrent
₦675,000,000,000
675 Billion Naira
Capital
₦825,000,000,000
825 Billion Naira

Budget Allocation by Sector

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Education
₦120,000,000,000
8.0%
Health
₦100,000,000,000
6.7%
Infrastructure
₦250,000,000,000
16.7%
Agriculture
₦75,000,000,000
5.0%

Budget Insights

Key observations from Federal Capital Territory State's 2024 budget

Budget Overview

Federal Capital Territory State's total budget for 2024 is 1 Trillion 500 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 250 Billion Naira (16.7% of total budget). The lowest allocation is for the agriculture sector with 75 Billion Naira (5.0% of total budget).

Revenue Sources

The primary source of revenue is FAAC at 980 Billion Naira (65.3% of total budget).

Budget Glossary

Key terms and definitions related to state budgets