Ekiti State of Nigeria reported its financial highlights for the mid-year period ended June 30, 2017. Total revenue was 31.2 billion naira, an increase of 17.5% from the prior year, driven primarily by increases in statutory allocations, value added tax, independence revenue, and foreign loan drawdowns. Total expenditure was 30.9 billion naira, up 49.5% year-over-year, with the largest increases in personnel costs, pensions and gratuities, subventions to parastatals and tertiary institutions, and capital expenditure. The state reported a net cash balance of 276 million naira and closing cash balance of 13.9 billion naira as of