North-CentralCap: Lafia

Nasarawa State .

Governor Abdullahi Sule

Pop. ~2.6M

Total 2024 Budget

₦238,000,000,000

Nasarawa State, created in 1996 from Plateau State, is strategically located adjacent to the Federal Capital Territory. Its proximity to Abuja has spurred rapid economic growth with many residents commuting to the capital. The state has significant solid mineral deposits and is developing agro-industrial zones to leverage its agricultural potential.

Metrics Overview

Capital Exp.

₦106,000,000,000

45% of total

Recurrent Exp.

₦132,000,000,000

55% of total

Total Revenue

₦238,000,000,000

Estimated income

Fiscal Balance

Balanced

Matched

Breakdowns

Infrastructure

₦62.0B26.1%

Education

₦60.0B25.2%

Health

₦52.0B21.8%

Agriculture

₦42.0B17.6%

Security

₦18.0B7.6%

Budget Insights

Key observations from Nasarawa State State's 2024 budget

Overview

Nasarawa State State's total budget for 2024 is ₦238.00 Billion. This budget is perfectly balanced.

Expenditure Focus

The largest single sector allocation is infrastructure, receiving ₦62.00 Billion. This accounts for 26.1% of the total budget.

Revenue Dependency

The primary source of revenue is faac, contributing ₦172.00 Billion. This represents 72.3% 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.