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Public Finance Database

Ondo State

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OriginalActual

Ondo State Total Expenditure – Original Budget

0175B350B525B700B(NGN Billion)201820192020202120222023202420252026Original BudgetYearsSource: NGF Public Finance Database

About

Ondo State is in the South-West geopolitical zone of Nigeria, created in 1976 from the former Western State. It is bordered by Ekiti to the north, Kogi to the north-east, Edo to the east, Delta to the south-east, Ogun to the south-west, Osun to the north-west and the Atlantic Ocean to the south, with Akure as its capital. It is nicknamed the “Sunshine State”. Ondo is Nigeria's leading cocoa-producing state and also holds significant oil and gas and bitumen resources. Its economy spans cocoa and other tree crops, petroleum, asphalt and bitumen mining, fisheries and coastal activity, and tourism around the Idanre Hills. Public finance and development priorities focus on agriculture, oil and solid minerals, infrastructure, and expanding internally generated revenue.

Date Created -3 February 1976
Population (2025) -5,709,087 (21 out of 36)
Area -15,500 km2 (6,000 sq mi)
GDP (2023) -₦8,771,430 million (9 out of 36)
HDI (2019) -0.615 (15 out of 36)
OriginalActual

Ondo State Total Revenue & ExpenditureOriginal Budget

0175B350B525B700B(NGN Billion)201820192020202120222023202420252026YearsTotal RevenueTotal ExpenditureSource: NGF Public Finance Database
OriginalActual

Ondo State Total Capital & Recurrent ExpenditureOriginal Budget

0125B250B375B500B(NGN Billion)201820192020202120222023202420252026YearsRecurrentCapitalSource: NGF Public Finance Database
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