Ogun State
Budget Analysis 2024
Total Budget
₦703,028,013,432
703 Billion 28 Million Naira
Expenditure Split
Recurrent
₦287,370,000,000
287 Billion 370 Million Naira
Capital
₦415,660,000,000
415 Billion 660 Million Naira
Budget Allocation by Sector
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Education
₦109,210,000,000
15.5%
Health
₦81,000,000,000
11.5%
Infrastructure
₦110,000,000,000
15.6%
Agriculture
₦32,000,000,000
4.6%
Budget Insights
Key observations from Ogun State State's 2024 budget
Budget Overview
Ogun State State's total budget for 2024 is 703 Billion 28 Million Naira. This budget has a surplus of ₦342,693,388,673.
Expenditure Distribution
The budget prioritizes capital expenditure (59.1%) over recurrent expenditure (40.9%).
Sector Priorities
The highest allocation goes to the infrastructure sector with 110 Billion Naira (15.6% of total budget). The lowest allocation is for the agriculture sector with 32 Billion Naira (4.6% of total budget).
Revenue Sources
The primary source of revenue is FAAC at 564 Billion 943 Million Naira (80.4% of total budget).
Budget Glossary
Key terms and definitions related to state budgets