FCTCap: Abuja

FCT Abuja .

Governor Nyesom Wike (FCT Minister)

Pop. ~3.6M

Total 2024 Budget

₦855,000,000,000

The Federal Capital Territory (FCT) is the seat of the Nigerian federal government, purpose-built as the nation's capital in the late 1970s and officially opened in 1991. Abuja is a modern, planned city and is one of the fastest-growing cities in Africa. It hosts all federal government ministries, embassies, and international organisations.

Metrics Overview

Capital Exp.

₦475,000,000,000

56% of total

Recurrent Exp.

₦380,000,000,000

44% of total

Total Revenue

₦855,000,000,000

Estimated income

Fiscal Balance

Balanced

Matched

Breakdowns

Infrastructure

₦245.0B28.7%

Education

₦148.0B17.3%

Health

₦125.0B14.6%

Agriculture

₦48.0B5.6%

Security

₦72.0B8.4%

Budget Insights

Key observations from FCT Abuja State's 2024 budget

Overview

FCT Abuja State's total budget for 2024 is ₦855.00 Billion. This budget is perfectly balanced.

Expenditure Focus

The largest single sector allocation is infrastructure, receiving ₦245.00 Billion. This accounts for 28.7% of the total budget.

Revenue Dependency

The primary source of revenue is faac, contributing ₦485.00 Billion. This represents 56.7% 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.