In this series of our Fact File, we present highlights of the budget proposals presented by the various state governments in the South-South geo-political zone detailing their total expenditure, the capital and recurrent components, as well as the projected revenues
Ahead of the 2023 fiscal year, and in line with the 1999 Constitution of the Federal Republic of Nigeria (As Amended), the executive arm of the various states of the federation has commenced the presentation of their appropriation bills (budget) to the respective state legislatures.
With Rivers being the only state yet to present its projected revenue and expenditure statement, its State House of Assembly has however, approved the Mid-Term Expenditure Framework (MTEF) for 2023-2025.
See budget estimates below:
AKWA IBOM STATE [BUDGET OF COMPLETION]
| TOTAL EXPENDITURE (NGN) |
TOTAL PROJECTED CAPITAL EXPENDITURE
(NGN) |
TOTAL PROJECTED RECURRENT EXPENDITURE (NGN) |
TOTAL PROJECTED REVENUE (NGN) |
| 697,005,000,000 | 353,000,000,000 | 344,000,000,000 | 390,850,000,000 |
BAYELSA STATE [BUDGET OF SUSTAINABLE GROWTH AND RECONSTRUCTION]
| TOTAL EXPENDITURE (NGN) |
TOTAL PROJECTED CAPITAL EXPENDITURE
(NGN) |
TOTAL PROJECTED RECURRENT EXPENDITURE (NGN) |
TOTAL PROJECTED REVENUE (NGN) |
| 385,211,578,924 | 167,545,000,000 | 217,666,578,000 | 384,700,000,000 |
CROSS RIVER STATE [BUDGET OF QUANTUM INFINITUM]
| TOTAL EXPENDITURE (NGN) |
TOTAL PROJECTED CAPITAL EXPENDITURE
(NGN) |
TOTAL PROJECTED RECURRENT EXPENDITURE (NGN) |
TOTAL PROJECTED REVENUE (NGN) |
| 330,235,953,219.60 | 200,208,362,208.86 | 130,027,591,010.74 | 125,481,470,626.75 |
DELTA STATE [BUDGET OF SEAMLESS AND STABLE TRANSITION]
| TOTAL EXPENDITURE (NGN) |
TOTAL PROJECTED CAPITAL EXPENDITURE
(NGN) |
TOTAL PROJECTED RECURRENT EXPENDITURE (NGN) |
TOTAL PROJECTED REVENUE (NGN) |
| 561,820,596,524 | 326,600,000,000 | 235,200,000,000 | 95,000,000,000 |
EDO STATE [BUDGET OF RESILIENCE AND TRANSFORMATION]
| TOTAL EXPENDITURE (NGN) |
TOTAL PROJECTED CAPITAL EXPENDITURE
(NGN) |
TOTAL PROJECTED RECURRENT EXPENDITURE (NGN) |
TOTAL PROJECTED REVENUE (NGN) |
| 320,350,000,000 | 192,000,000,000 | 127,500,000,000 | 320,250,000,000 |
RIVERS STATE [2023-2025 Medium Term Expenditure Framework]
As approved by the Rivers State House of Assembly
| TOTAL EXPENDITURE (NGN) |
TOTAL PROJECTED CAPITAL EXPENDITURE
(NGN) |
TOTAL PROJECTED RECURRENT EXPENDITURE (NGN) |
TOTAL PROJECTED REVENUE (NGN) |
| 555,666,987.238 | 350, 977, 495, 537 | 175, 249, 692. 497 | N/A |
- Budget Estimates yet to be presentedREAD ALSO: 2023 Budget: Reps tackle DMO over N3.3 trillion debt
