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Kwara State State
All States
North-CentralCap: Ilorin

Kwara State .

Governor AbdulRahman AbdulRazaq
Pop. ~3.2M
PortalWebsite
Total 2024 Budget
₦258,000,000,000

Kwara State is the gateway between northern and southern Nigeria. Ilorin, its capital, was once the southernmost emirate city and blends Yoruba, Hausa, and Fulani cultures seamlessly. The state has a growing technology sector and is home to several federal universities and research institutions.

Metrics Overview

Capital Exp.
₦110,000,000,000
43% of total
Recurrent Exp.
₦148,000,000,000
57% of total
Total Revenue
₦258,000,000,000
Estimated income
Fiscal Balance
Balanced
Matched

Breakdowns

Education
₦75.0B29.1%
Infrastructure
₦65.0B25.2%
Health
₦55.0B21.3%
Agriculture
₦42.0B16.3%
Security
₦15.0B5.8%

Budget Insights

Key observations from Kwara State State's 2024 budget

Overview

Kwara State State's total budget for 2024 is ₦258.00 Billion. This budget is perfectly balanced.

Expenditure Focus

The largest single sector allocation is education, receiving ₦75.00 Billion. This accounts for 29.1% of the total budget.

Revenue Dependency

The primary source of revenue is faac, contributing ₦175.00 Billion. This represents 67.8% 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.