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Oyo State Budget 2024

South West Zone • Capital: Ibadan • “Budget of Economic Growth”

₦560,000 Total Budget
₦85,000 IGR
₦320,000 Capex
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2026 Budget 2024 Budget
Total Budget
₦560,000
₦560,000 (full naira)
Capital Expenditure
₦320,000
57.1% of total
Recurrent Expenditure
₦240,000
42.9% of total
IGR
₦85,000
Internally Generated Revenue
Federal Allocation (FAAC)
₦380,000
67.9% of total
Budget Deficit
₦95,000
Spending exceeds revenue
Capital vs Recurrent Expenditure
57.1% Capex
42.9% Recex
₦320,000 Capital (57.1%)
₦240,000 Recurrent (42.9%)
Sector Allocation Breakdown
🏫
Education
₦88,000  15.7% of budget
🏗
Infrastructure
₦155,000  27.7% of budget
⚕
Health
₦58,000  10.4% of budget
🛡
Security
₦28,000  5% of budget
🌿
Agriculture
₦35,000  6.3% of budget
Year-on-Year Comparison
YearTotal Budget IGRCapexGovernor
2026 ₦892.0B — ₦502.8B Seyi Makinde
2024 ₦560,000 ₦85,000 ₦320,000 Seyi Makinde

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