North-EastCap: Damaturu

Yobe State .

Governor Mai Mala Buni

Pop. ~3.3M

Total 2024 Budget

₦233,000,000,000

Yobe State is situated in the arid north-eastern part of Nigeria, bordering Niger Republic and Chad. Despite the challenging terrain, the state has significant agricultural production including millet, sorghum, and cowpeas. Damaturu has been rebuilt after years of Boko Haram attacks and the state is on a path of recovery and development.

Metrics Overview

Capital Exp.

₦101,000,000,000

43% of total

Recurrent Exp.

₦132,000,000,000

57% of total

Total Revenue

₦233,000,000,000

Estimated income

Fiscal Balance

Balanced

Matched

Breakdowns

Education

₦68.0B29.2%

Security

₦42.0B18.0%

Infrastructure

₦52.0B22.3%

Health

₦42.0B18.0%

Agriculture

₦32.0B13.7%

Budget Insights

Key observations from Yobe State State's 2024 budget

Overview

Yobe State State's total budget for 2024 is ₦233.00 Billion. This budget is perfectly balanced.

Expenditure Focus

The largest single sector allocation is education, receiving ₦68.00 Billion. This accounts for 29.2% of the total budget.

Revenue Dependency

The primary source of revenue is faac, contributing ₦162.00 Billion. This represents 69.5% 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.