
Kogi State is the confluence state, where the rivers Niger and Benue meet at Lokoja — Nigeria's first administrative capital under colonial rule. The state is rich in solid minerals including coal, iron ore, limestone, and marble. Lokoja is a strategic transit point for goods across Nigeria.
Key observations from Kogi State State's 2024 budget
Kogi State State's total budget for 2024 is ₦355.00 Billion. This budget is perfectly balanced.
The largest single sector allocation is infrastructure, receiving ₦95.00 Billion. This accounts for 26.8% of the total budget.
The primary source of revenue is faac, contributing ₦235.00 Billion. This represents 66.2% of the total expected revenue.
Common budget terms explained
Internally Generated Revenue. Money collected by the state internally (taxes, fines).
Federation Account Allocation Committee. Funds distributed from the federal government.
Money spent on long-term physical assets like roads, schools, and hospitals.
Money spent on day-to-day operations like salaries and overhead costs.
When a state plans to spend more money than it expects to collect in revenue.