Rivers State
Budget Analysis 2024
Total Budget
₦793,457,700,561
793 Billion 457 Million Naira
Expenditure Split
Recurrent
₦514,293,143,351
514 Billion 293 Million Naira
Capital
₦431,859,657,990
431 Billion 859 Million Naira
Budget Allocation by Sector
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Education
₦159,849,573,200
20.1%
Health
₦97,837,261,700
12.3%
Infrastructure
₦203,849,217,000
25.7%
Agriculture
₦38,275,630,000
4.8%
Security
₦1,420,000,000
0.2%
Budget Insights
Key observations from Rivers State State's 2024 budget
Budget Overview
Rivers State State's total budget for 2024 is 793 Billion 457 Million Naira. This budget is balanced.
Expenditure Distribution
The budget allocates more to recurrent expenditure (64.8%) than capital expenditure (54.4%).
Sector Priorities
The highest allocation goes to the infrastructure sector with 203 Billion 849 Million Naira (25.7% of total budget). The lowest allocation is for the security sector with 1 Billion 420 Million Naira (0.2% of total budget).
Revenue Sources
The primary source of revenue is FAAC at 283 Billion 235 Million Naira (35.7% of total budget).
Budget Glossary
Key terms and definitions related to state budgets