Ondo State
Budget Analysis 2024
Total Budget
₦395,000,000,000
395 Billion Naira
Expenditure Split
Recurrent
₦177,750,000,000
177 Billion 750 Million Naira
Capital
₦217,250,000,000
217 Billion 250 Million Naira
Budget Allocation by Sector
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Education
₦32,000,000,000
8.1%
Health
₦25,000,000,000
6.3%
Infrastructure
₦65,000,000,000
16.5%
Agriculture
₦22,000,000,000
5.6%
Budget Insights
Key observations from Ondo State State's 2024 budget
Budget Overview
Ondo State State's total budget for 2024 is 395 Billion Naira. This budget is balanced.
Expenditure Distribution
The budget prioritizes capital expenditure (55.0%) over recurrent expenditure (45.0%).
Sector Priorities
The highest allocation goes to the infrastructure sector with 65 Billion Naira (16.5% of total budget). The lowest allocation is for the agriculture sector with 22 Billion Naira (5.6% of total budget).
Revenue Sources
The primary source of revenue is FAAC at 260 Billion Naira (65.8% of total budget).
Budget Glossary
Key terms and definitions related to state budgets