🏭 Benue State — Economic Profile
North Central
⚖ Mixed IGR & FAAC Revenue
The economy of Benue State is largely driven by agriculture, with major crops including yam, cassava, rice, maize, and soybeans. The state also has growing sectors in agro-processing, trade, and small-scale manufacturing.
Key Industries
Agriculture
Mining
Solid Minerals
Civil Service
Tourism
Livestock
💰 Revenue Dependency — IGR vs FAAC
2026
A state that earns a high percentage of its revenue from
IGR (taxes, levies, fees) is fiscally independent.
A state that relies heavily on FAAC (monthly federal oil revenue share)
is vulnerable to oil price shocks and federal revenue declines.
32.1%
67.9%
IGR:
₦85.0B — 32.1% of revenue
FAAC:
₦180.0B — 67.9% of revenue
Benue has a balanced revenue mix — roughly 32.1% from IGR and 67.9% from FAAC. Growing the IGR share is a key fiscal priority.
IGR
₦85.0B
32.1% of revenue
#12 in Nigeria
FAAC Allocation
₦180.0B
67.9% of revenue
Budget Per Capita
₦121,082
Pop: 5.74M
For full appropriation figures — sector allocations, CapEx breakdown and year-on-year budget history:
Benue Budget →🏗 Spending Priorities
2026 — summaryWhere Benue State directs its public spending — relative allocation across key sectors from the 2026 budget.
Education
₦148.7B
21.4% of total budget
Infrastructure
₦120.0B
17.3% of total budget
Health
₦35.0B
5% of total budget
Agriculture
₦60.0B
8.6% of total budget
Security
₦41.9B
6% of total budget
See exact naira figures per sector, debt service and security allocations:
Full Sector Breakdown →📈 IGR Revenue Trend
2 years| Year | IGR | FAAC | IGR % | Total Budget |
|---|---|---|---|---|
| 2026 Latest | ₦85.0B | ₦180.0B | 32.1% | ₦695.0B |
| 2024 | ₦18,000 | ₦175,000 | 9.3% | ₦215,000 |
🏆 Nigeria State IGR Ranking
Internally Generated Revenue❓ FAQs — Benue State Economy
The economy of Benue State is largely driven by agriculture, with major crops including yam, cassava, rice, maize, and soybeans. The state also has growing sectors in agro-processing, trade, and small-scale manufacturing.
Benue State's economy is driven by: Agriculture, Mining, Solid Minerals, Civil Service, Tourism. The state generates ₦85.0B in IGR annually, representing 32.1% of its total revenue.
Benue State generated ₦85.0B in IGR in 2026, representing 32.1% of total revenue. The remaining 67.9% came from FAAC (federal allocations). Benue ranks #12 of 38 states by IGR.
Benue State ranks #12 of 38 states by Internally Generated Revenue (IGR) and #29 by total budget size. Like most Nigerian states, it relies significantly on FAAC allocations from the federal government.
IGR (Internally Generated Revenue) is money a state collects from within its own economy through taxes, levies and fees — without depending on the federal government. FAAC (Federation Account Allocation Committee) distributes shared national revenue — mainly from oil sales and VAT — monthly to all tiers of government. States with high IGR like Lagos are fiscally independent, while most states depend on FAAC for over 60-80% of their revenue.
Benue State is not classified as a major oil-producing state and does not receive the 13% derivation fund. Its economy depends on agriculture, commerce, solid minerals and services, with federal FAAC allocations as the primary government revenue source alongside IGR.
Data note:
IGR and FAAC figures are sourced from published FAAC distribution reports and
state appropriation laws. Population figures are NBS estimates.
All amounts in Nigerian Naira (₦). For the most current data refer to the
OAGF
and individual state ministry of finance publications.