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Yola South LGA · Adamawa State · Federal allocation

Yola South LGA FAAC Allocation 2024

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

Yola South LGA in Adamawa State received ₦1,657,977,954 (about ₦1.7B) in FAAC federal allocations across 4 recorded months of 2024. That is about ₦414.5M a month.

Net allocation · 4 months of 2024

4 months on record
₦1.66B

₦1,657,977,954

Highest · December

₦470.8M

Lowest · September

₦356.6M

Where the money came from

Share of gross allocation

Value added tax (VAT)₦662.3M 54.0%

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

Exchange rate gain₦381.9M 31.1%

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

Statutory allocation₦143.7M 11.7%

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

Electronic transfer levy₦19.7M 1.6%

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

Ecological fund₦15.9M 1.3%

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

Solid minerals revenue₦2.9M 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
₦1,226,333,951
Deductions at source
None recorded
Net allocation
₦1,226,333,951

Covers 3 of the 4 months on record.

Among Adamawa’s councils

Yola South’s 2024 total is the 8th 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₦398.9MNo earlier month to compare

What came in

Value added tax (VAT)56.8%
₦226,376,765
Exchange rate gain32.5%
₦129,685,791
Statutory allocation6.9%
₦27,498,103
Electronic transfer levy1.9%
₦7,561,308
Ecological fund1.2%
₦4,803,649
Solid minerals revenue0.7%
₦2,937,747
Gross allocation
₦398,863,364

What came off first

Deductions at source
None recorded
Net allocation
₦398,863,364
Septemberfrom August revenue₦356.6M−10.6% on the month before

What came in

Value added tax (VAT)58.6%
₦209,057,796
Exchange rate gain29.1%
₦103,784,262
Statutory allocation9.4%
₦33,641,140
Electronic transfer levy1.7%
₦6,023,445
Ecological fund1.2%
₦4,122,762
Gross allocation
₦356,629,406

What came off first

Deductions at source
None recorded
Net allocation
₦356,629,406
Novemberfrom October revenue₦431.6MNo earlier month to compare

The imported figures for November do not add up to its total of ₦431,644,003, so only the total is shown. It needs checking against the official report.

Decemberfrom November revenue₦470.8M+9.1% on the month before

What came in

Value added tax (VAT)48.2%
₦226,876,701
Exchange rate gain31.5%
₦148,446,799
Statutory allocation17.5%
₦82,519,882
Ecological fund1.5%
₦6,929,000
Electronic transfer levy1.3%
₦6,068,799
Gross allocation
₦470,841,181

What came off first

Deductions at source
None recorded
Net allocation
₦470,841,181
Total4 months of 2024₦1,657,977,954

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 Yola South 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.