ngtrak.
HomeStatesCompareAbout
Upload Data
ngtrak.
HomeStatesCompareAboutUpload Data

Civic Transparency

ngtrak.

Empowering Nigerians with transparent, accessible budget data for all 36 states and the FCT. Data sourced strictly from official state budget documents, open treasury, and OAGF.

Explore

  • All States
  • Compare States
  • About Us
  • Contribute Data

Regions

  • South-West
  • South-East
  • South-South
  • North-West
  • North-East
  • North-Central

© 2026 ngtrak. Data for the public.

Twitter (X)Who is Praise?
Oyo State State
All States
South-WestCap: Ibadan

Oyo State .

Governor Seyi Makinde
Pop. ~8M
PortalWebsite
Total 2024 Budget
₦479,000,000,000

Oyo State is one of the largest states in Nigeria by land area and population. Its capital Ibadan was formerly the largest city in sub-Saharan Africa. The state is a major hub for commerce, agriculture, and education, home to the University of Ibadan — Nigeria's oldest university.

Metrics Overview

Capital Exp.
₦269,000,000,000
56% of total
Recurrent Exp.
₦210,000,000,000
44% of total
Total Revenue
₦479,000,000,000
Estimated income
Fiscal Balance
Balanced
Income = Spending

Breakdowns

Education
₦130.0B27.1%
Infrastructure
₦115.0B24.0%
Health
₦95.0B19.8%
Agriculture
₦62.0B12.9%
Security
₦22.0B4.6%

Accountability Watch

Corruption & Fraud Tracker
Transparency ArchiveCase Record

Rashidi Ladoja

Impeached/Arraigned for N4.7bn shares fraud

Read Source
Transparency ArchiveCase Record

Alao Akala

N11.5bn fraud trial

Read Source
Transparency ArchiveCase Record

Aremu Muftau Ajagun

Fraud trial 2026

Read Source

Budget Insights

Key observations from Oyo State State's 2024 budget

Overview

Oyo State State's total budget for 2024 is ₦479.00 Billion. This budget is perfectly balanced.

Expenditure Focus

The largest single sector allocation is education, receiving ₦130.00 Billion. This accounts for 27.1% of the total budget.

Revenue Dependency

The primary source of revenue is faac, contributing ₦248.00 Billion. This represents 51.8% 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.

Balanced Budget

When a state's total revenue (income) exactly matches its total planned expenditure. It means the state isn't spending more than it makes.

Surplus

When a state expects to collect more money in revenue than it plans to spend.