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Maiha LGA · Adamawa State · Federal allocation

Maiha LGA FAAC Allocation 2024

What was shared to the council each month, where it came from, and what came off first.

Maiha LGA in Adamawa State received ₦1,430,204,116 (about ₦1.4B) in FAAC federal allocations across 4 recorded months of 2024. That is about ₦357.6M a month.

Net allocation · 4 months of 2024

4 months on record
₦1.43B

₦1,430,204,116

Highest · December

₦406.9M

Lowest · September

₦306.6M

Where the money came from

Share of gross allocation

Value added tax (VAT)₦555.8M 52.6%

The council’s share of the 7.5% tax paid on goods and services.

Exchange rate gain₦339.7M 32.1%

Extra naira earned when dollar revenue is converted at a higher rate than planned.

Statutory allocation₦127.8M 12.1%

The council’s share of the Federation Account: oil and gas income, company taxes and customs duties.

Electronic transfer levy₦16.6M 1.6%

The ₦50 charged on bank transfers of ₦10,000 or more.

Ecological fund₦14.1M 1.3%

Money set aside for erosion, flooding and other environmental problems.

Solid minerals revenue₦2.6M 0.2%

Income from mining, shared in the months it is distributed.

Before deductions. Percentages may not sum to 100% due to rounding. Covers 3 of the 4 months on record. November is left out: the imported figures for that month do not add up to its total.

What came off first

Gross allocation
₦1,056,598,879
Deductions at source
None recorded
Net allocation
₦1,056,598,879

Covers 3 of the 4 months on record.

Among Adamawa’s councils

Maiha’s 2024 total is the 19th largest of Adamawa’s 21 local governments.

Councils are not shared equal amounts. Population, land area and other factors in the formula decide each one’s share.

Month by month

4 months on record

Open a month to see what came in and what was deducted. The percentage is the change on the month before.

Augustfrom July revenue₦343.0MNo earlier month to compare

What came in

Value added tax (VAT)55.4%
₦189,950,103
Exchange rate gain33.6%
₦115,341,062
Statutory allocation7.1%
₦24,456,499
Electronic transfer levy1.9%
₦6,384,133
Ecological fund1.2%
₦4,272,311
Solid minerals revenue0.8%
₦2,612,799
Gross allocation
₦343,016,906

What came off first

Deductions at source
None recorded
Net allocation
₦343,016,906
Septemberfrom August revenue₦306.6M−10.6% on the month before

What came in

Value added tax (VAT)57.3%
₦175,659,551
Exchange rate gain30.1%
₦92,304,538
Statutory allocation9.8%
₦29,920,046
Electronic transfer levy1.7%
₦5,084,028
Ecological fund1.2%
₦3,666,738
Gross allocation
₦306,634,900

What came off first

Deductions at source
None recorded
Net allocation
₦306,634,900
Novemberfrom October revenue₦373.6MNo earlier month to compare

The imported figures for November do not add up to its total of ₦373,605,237, so only the total is shown. It needs checking against the official report.

Decemberfrom November revenue₦406.9M+8.9% on the month before

What came in

Value added tax (VAT)46.7%
₦190,237,804
Exchange rate gain32.4%
₦132,026,888
Statutory allocation18.0%
₦73,392,240
Ecological fund1.5%
₦6,162,574
Electronic transfer levy1.3%
₦5,127,567
Gross allocation
₦406,947,073

What came off first

Deductions at source
None recorded
Net allocation
₦406,947,073
Total4 months of 2024₦1,430,204,116

Check the source

Monthly FAAC reportsOffice of the Accountant-General of the Federation
Open reports
About these figures

Source: monthly FAAC disbursement reports (net allocations to Maiha LGA), as published in the National Bureau of Statistics’ disbursement tables. Net means what is left after deductions at source.

Each month is named for when the money was shared, which is the month after the revenue was earned. Only months in our records are listed. A missing month does not mean nothing was paid.

This is what FAAC shared to the council. The constitution routes it through a joint account with the state, so it does not show what reached the council’s own account. An allocation is income: it does not show how the money was spent.