Budget Implementation Analysis: Comprehensive overview of budget allocation and expenditure


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Total Budget (Year: 2026)

₦ 642,930,818,157.99

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Budget Spent (Year: 2026)

₦ 0.00

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Performance (Year: 2026)

0%

Annual Budget vs Spent

Annual Execution Rate Trend

MDA Execution Rate (2026)
Average Annual Budget Execution Rate (Inception to Date)
30.61%
Current Year Budget Execution Rate (2026)
0.00%

Total Budget: ₦642,930,818,157.99

Total Spent: ₦0.00

Annual Execution Breakdown

Year Total Budget Total Spent Execution Rate (%)
2023 ₦166,985,075,110.00 ₦106,336,375,205.17 63.68%
2024 ₦250,134,091,757.01 ₦144,425,721,190.87 57.74%
2025 ₦580,327,469,023.80 ₦5,856,946,924.46 1.01%
2026 ₦642,930,818,157.99 ₦0.00 0.00%
Average Government Expenditure Per Capita
₦15,961.65
Average Capital–Recurrent Expenditure Ratio
0.00 : 1
Annual Government Expenditure Per Capita & Capital–Recurrent Ratio
Year Total Actual Expenditure (₦) Population Expenditure Per Capita (₦) Capital Expenditure (₦) Recurrent Expenditure (₦) Capital : Recurrent Ratio
2023 106,336,375,205.17 5,200,000 20,449.30 0.00 0.00 0.00 : 1
2024 144,425,721,190.87 5,450,000 26,500.13 0.00 0.00 0.00 : 1
2025 5,856,946,924.46 6,260,592 935.53 0.00 0.00 0.00 : 1
2026 0.00 6,510,000 0.00 0.00 0.00 0.00 : 1

Comprehensive Fiscal Analytics

Year Total Spent (₦) Per Capita (₦) Per Capita Growth % Capital % Capital : Recurrent Recurrent Dependency % Fiscal Sustainability
2023 106,336,375,205.17 20,449.30 0.00% 0.00% 0.00 : 1 0.00% Weak
2024 144,425,721,190.87 26,500.13 29.59% 0.00% 0.00 : 1 0.00% Weak
2025 5,856,946,924.46 935.53 -96.47% 0.00% 0.00 : 1 0.00% Weak
2026 0.00 0.00 -100.00% 0.00% 0.00 : 1 0.00% Weak

Executive Fiscal Insight

In 2026, the government recorded an expenditure per capita of ₦0.00. Capital expenditure constituted 0.00% of total spending, indicating a Weak fiscal sustainability outlook. Recurrent dependency stands at 0.00%, suggesting the government's operational expenditure burden level.


Budget Allocation by Category

Category Allocated Budget (₦) Amount Spent (₦) Variance (₦) Performance
All ₦1,640,377,454,048.80 ₦256,619,043,320.50 ₦1,383,758,410,728.30
15.6%
Low Utilization

Approved and Capital Expenditure

Year Approved Expenditure(₦) Capital Expenditure(₦) Recurrent Allocation Recurrent Ratio Recurrent-to-capital Ratio
2026 642,930,818,157.99 479,357,504,041.17 163,573,314,116.82 0.34 0.34:1

Revenue Target

Component Amount Year
FAAC 306,203,512,507.46 2026
IGR 32,303,073,684.00 2026
Aids & Grants 44,763,858,403.46 2026
Total Revenue Target 383,270,444,594.92

IGR Target

Component Amount Year
Taxes 20,297,400,000.00 2026
Non-taxes (fines, fees, licenses, etc) 12,005,673,684.00 2026
Total IGR Target 32,303,073,684.00

IGR Performance Across Years

Highest IGR Year

Year: 2025
Amount: ₦50,046,391,083.11

Lowest IGR Year

Year: 2023
Amount: ₦11,737,075,709.00

IGR Band

Year: 2023 - 2025
Amount: ₦11,737,075,709.00 - ₦50,046,391,083.11

IGR Capacity

Average: ₦25,519,730,554.13 Current: ₦25,519,730,554.13

IGR Growth Rate

Year Amount Growth Rate
2023 11,737,075,709.00 11,737,075,709.00 %
2024 14,775,724,870.28 3,038,649,161.28 26%

Top MDAs (IGR & Spending)

Top 5 Spending MDAs (2026)
Top 5 IGR Generating MDAs (2026)

Ratio of IGR-for-Service, Debt Service-to-Revenue and Personnel Cost-to-Revenue
Year IGR Revenue Personnel Cost Public Debt Service Tax-for-Service Projects
2023 11,737,075,709.00 86,234,843,805.97 25,153,756,246.31
29%
5,935,257,304.00
7%
0.00
0%
2024 14,775,724,870.28 106,003,755,735.60 31,195,760,494.47
29%
4,723,036,786.00
4%
0.00
0%

Funding MiX

Year Source Amount Rate
2024 Aids & Grant 27,760,687,251.86 19%
2024 FAAC 91,228,030,865.00 64%
2024 IGR 14,775,724,870.31 10%
2024 Loans 8,880,000,000.00 6%
2023 Aids & Grant 37,879,096,327.00 28%
2023 FAAC 74,497,768,097.00 56%
2023 IGR 11,737,075,709.00 9%
2023 Loans 9,579,000,000.00 7%

Fiscal Data Publication Deadline & Online Availability

Requirement Deadline Year Availability
Annual Debt Sustainability Analysis/DMS November 30th 2023 Yes
Availability of functional e-Procurement Portal Continous 2023 Yes
Budget Performance Report 28 days (4 weeks) after end of every Quarter 2023 Yes
Citizens Accountability Report September 30th 2023 Yes
Citizens Budget April 30th 2023 Yes
Contract Award Information 30 days after end of every quarter 2023 Yes
Debt Management Law After Enactment 2023 Yes
Fiscal Responsibility Law/Financial Management Law After Enactment 2023 Yes
Local Governments Audited Financial Statements Sept. 30 2023 Yes
MTEF After Approval 2023 Yes
MTSS After Approval 2023 No
Reports of Budget Consultations October 31st (along with the proposed budget submitted to the House of Assembly) 2023 Yes
State Approved Budget Jan 31 of the Fiscal Year 2023 Yes
State Arrears Clearance Framework Dec. 31st 2023 Yes
State Audit Law After Enactment 2023 Yes
State Audited Financial Statement July 31st 2023 Yes
State Consolidated Revenue Code (Revenue Law) After Enactment 2023 Yes
State Proposed Budget October 31st 2023 Yes
State Public Procurement Law After Enactment 2023 Yes
State Revised and Supplementary Budgets After Assent 2023 Yes
Annual Debt Sustainability Analysis/DMS November 30th 2024 Yes
Availability of functional e-Procurement Portal Continous 2024 Yes
Budget Performance Report 28 days (4 weeks) after end of every Quarter 2024 Yes
Citizens Accountability Report September 30th 2024 No
Citizens Budget April 30th 2024 Yes
Contract Award Information 30 days after end of every quarter 2024 Yes
Debt Management Law After Enactment 2024 Yes
Fiscal Responsibility Law/Financial Management Law After Enactment 2024 Yes
Local Governments Audited Financial Statements Sept. 30 2024 Yes
MTEF After Approval 2024 Yes
MTSS After Approval 2024 Yes
Reports of Budget Consultations October 31st (along with the proposed budget submitted to the House of Assembly) 2024 Yes
State Approved Budget Jan 31 of the Fiscal Year 2024 Yes
State Arrears Clearance Framework Dec. 31st 2024 Yes
State Audit Law After Enactment 2024 Yes
State Audited Financial Statement July 31st 2024 Yes
State Consolidated Revenue Code (Revenue Law) After Enactment 2024 Yes
State Proposed Budget October 31st 2024 Yes
State Public Procurement Law After Enactment 2024 Yes
State Revised and Supplementary Budgets After Assent 2024 Yes
Annual Debt Sustainability Analysis/DMS November 30th 2025 Yes
Availability of functional e-Procurement Portal Continous 2025 Yes
Budget Performance Report 28 days (4 weeks) after end of every Quarter 2025 Yes
Citizens Accountability Report September 30th 2025 No
Citizens Budget April 30th 2025 Yes
Contract Award Information 30 days after end of every quarter 2025 Yes
Debt Management Law After Enactment 2025 Yes
Fiscal Responsibility Law/Financial Management Law After Enactment 2025 Yes
Local Governments Audited Financial Statements Sept. 30 2025 Yes
MTEF After Approval 2025 Yes
MTSS After Approval 2025 No
Reports of Budget Consultations October 31st (along with the proposed budget submitted to the House of Assembly) 2025 Yes
State Approved Budget Jan 31 of the Fiscal Year 2025 Yes
State Arrears Clearance Framework Dec. 31st 2025 Yes
State Audit Law After Enactment 2025 Yes
State Audited Financial Statement July 31st 2025 No
State Consolidated Revenue Code (Revenue Law) After Enactment 2025 Yes
State Proposed Budget October 31st 2025 Yes
State Public Procurement Law After Enactment 2025 Yes
State Revised and Supplementary Budgets After Assent 2025 Yes

Fiscal Data Availability Rate (Fiscal Transparency)

Year Yes No Rate
2023 19 1 95%
2024 19 1 95%
2025 17 3 85%
Average 92%

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