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Ondo State Budget 2024

South West Zone • Capital: Akure • “Budget of Growth and Expansion”

₦310,000 Total Budget
₦42,000 IGR
₦175,000 Capex
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2026 Budget 2024 Budget
Total Budget
₦310,000
₦310,000 (full naira)
Capital Expenditure
₦175,000
56.5% of total
Recurrent Expenditure
₦135,000
43.5% of total
IGR
₦42,000
Internally Generated Revenue
Federal Allocation (FAAC)
₦240,000
77.4% of total
Budget Deficit
₦28,000
Spending exceeds revenue
Capital vs Recurrent Expenditure
56.5% Capex
43.5% Recex
₦175,000 Capital (56.5%)
₦135,000 Recurrent (43.5%)
Sector Allocation Breakdown
🏫
Education
₦52,000  16.8% of budget
🏗
Infrastructure
₦85,000  27.4% of budget
⚕
Health
₦35,000  11.3% of budget
🛡
Security
₦18,000  5.8% of budget
🌿
Agriculture
₦25,000  8.1% of budget
Year-on-Year Comparison
YearTotal Budget IGRCapexGovernor
2026 ₦524.4B — ₦303.6B Lucky Orimisan Aiyedatiwa
2024 ₦310,000 ₦42,000 ₦175,000 Lucky Aiyedatiwa

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