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Taraba State State
All States
North-EastCap: Jalingo

Taraba State .

Governor Agbu Kefas
Pop. ~3.7M
PortalWebsite
Total 2024 Budget
₦215,000,000,000

Taraba State, the 'Nature's Gift to the Nation', is endowed with spectacular natural beauty, including the Gashaka-Gumti National Park — Nigeria's largest national park. The state has enormous agricultural potential with fertile lands along the Benue and Taraba rivers, producing yams, maize, and cash crops like coffee and tea.

Metrics Overview

Capital Exp.
₦93,000,000,000
43% of total
Recurrent Exp.
₦122,000,000,000
57% of total
Total Revenue
₦215,000,000,000
Estimated income
Fiscal Balance
Balanced
Matched

Breakdowns

Agriculture
₦60.0B27.9%
Infrastructure
₦55.0B25.6%
Education
₦52.0B24.2%
Health
₦38.0B17.7%
Security
₦18.0B8.4%

Budget Insights

Key observations from Taraba State State's 2024 budget

Overview

Taraba State State's total budget for 2024 is ₦215.00 Billion. This budget is perfectly balanced.

Expenditure Focus

The largest single sector allocation is agriculture, receiving ₦60.00 Billion. This accounts for 27.9% of the total budget.

Revenue Dependency

The primary source of revenue is faac, contributing ₦155.00 Billion. This represents 72.1% 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.