Oyo State
Budget Analysis 2024
Total Budget
₦434,000,000,000
434 Billion Naira
Expenditure Split
Recurrent
₦195,300,000,000
195 Billion 300 Million Naira
Capital
₦238,700,000,000
238 Billion 700 Million Naira
Budget Allocation by Sector
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Education
₦35,000,000,000
8.1%
Health
₦28,000,000,000
6.5%
Infrastructure
₦70,000,000,000
16.1%
Agriculture
₦25,000,000,000
5.8%
Budget Insights
Key observations from Oyo State State's 2024 budget
Budget Overview
Oyo State State's total budget for 2024 is 434 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 70 Billion Naira (16.1% of total budget). The lowest allocation is for the agriculture sector with 25 Billion Naira (5.8% of total budget).
Revenue Sources
The primary source of revenue is FAAC at 270 Billion Naira (62.2% of total budget).
Budget Glossary
Key terms and definitions related to state budgets