Lagos State
Budget Analysis 2024
Total Budget
₦2,267,976,120,869
2 Trillion 267 Billion Naira
Expenditure Split
Recurrent
₦952,430,566,997
952 Billion 430 Million Naira
Capital
₦1,315,545,553,871
1 Trillion 315 Billion Naira
Budget Allocation by Sector
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Education
₦17,686,669,000
0.8%
Health
₦42,311,246,553
1.9%
Infrastructure
₦209,598,918,258
9.2%
Agriculture
₦41,673,267,401
1.8%
Budget Insights
Key observations from Lagos State State's 2024 budget
Budget Overview
Lagos State State's total budget for 2024 is 2 Trillion 267 Billion Naira. This budget has a deficit of ₦25,000,000,000.
Expenditure Distribution
The budget prioritizes capital expenditure (58.0%) over recurrent expenditure (42.0%).
Sector Priorities
The highest allocation goes to the infrastructure sector with 209 Billion 598 Million Naira (9.2% of total budget). The lowest allocation is for the education sector with 17 Billion 686 Million Naira (0.8% of total budget).
Revenue Sources
The primary source of revenue is IGR at 1 Trillion 164 Billion Naira (51.4% of total budget).
Budget Glossary
Key terms and definitions related to state budgets