Ikono LGA · Akwa Ibom State · Federal allocation
Ikono LGA FAAC Allocation 2025
What was shared to the council each month, where it came from, and what came off first.
Ikono LGA in Akwa Ibom State received ₦5,654,634,684 (about ₦5.7B) in FAAC federal allocations in 2025. That is about ₦471.2M a month.
Net allocation · Jan–Dec 2025
Full year₦5,654,634,684
+39.9% compared with the same 4 months of 2024 (4 of 12 months compared) · not adjusted for inflation
Highest · October
₦554.7MLowest · January
₦378.6MWhere the money came from
Share of gross allocation
The council’s share of the 7.5% tax paid on goods and services.
The council’s share of the Federation Account: oil and gas income, company taxes and customs duties.
Extra naira earned when dollar revenue is converted at a higher rate than planned.
The ₦50 charged on bank transfers of ₦10,000 or more.
A top-up added to the month’s pool from other federal revenue.
Money set aside for erosion, flooding and other environmental problems.
Income from mining, shared in the months it is distributed.
Before deductions. Percentages may not sum to 100% due to rounding.
What came off first
- Gross allocation
- ₦5,726,728,279
- Ecology transfer
- − ₦50,429,997
- Part of the ecological fund passed on to NDDC or HYPPADEC.
- Other deductions
- − ₦21,663,598
- Amounts the report shows as taken off, without saying what for.
- Net allocation
- ₦5,654,634,684
About ₦1.26 of every ₦100 was taken off before Ikono’s share was set.
Among Akwa Ibom’s councils
Ikono’s 2025 total is the 14th largest of Akwa Ibom’s 31 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
12 months on recordOpen a month to see what came in and what was deducted. The percentage is the change on the month before.
Januaryfrom December 2024 revenue₦378.6M−10.0% on the month before
What came in
- Value added tax (VAT)55.2%
- ₦210,223,112
- Exchange rate gain21.5%
- ₦82,020,445
- Statutory allocation19.2%
- ₦73,124,386
- Electronic transfer levy2.9%
- ₦10,862,651
- Ecological fund1.2%
- ₦4,654,345
- Gross allocation
- ₦380,884,940
What came off first
- Ecology transfer
- − ₦2,327,172
- Net allocation
- ₦378,557,768
Februaryfrom January revenue₦452.4M+19.5% on the month before
What came in
- Value added tax (VAT)54.9%
- ₦249,804,522
- Statutory allocation32.9%
- ₦149,838,617
- Augmentation9.4%
- ₦42,769,511
- Electronic transfer levy1.6%
- ₦7,120,968
- Ecological fund1.3%
- ₦5,778,244
- Gross allocation
- ₦455,311,862
What came off first
- Ecology transfer
- − ₦2,889,122
- Net allocation
- ₦452,422,741
Marchfrom February revenue₦432.8M−4.3% on the month before
What came in
- Value added tax (VAT)48.5%
- ₦211,544,418
- Statutory allocation36.6%
- ₦159,715,981
- Augmentation9.4%
- ₦40,890,391
- Electronic transfer levy2.7%
- ₦11,914,858
- Ecological fund1.4%
- ₦6,187,383
- Solid minerals revenue1.3%
- ₦5,639,743
- Gross allocation
- ₦435,892,775
What came off first
- Ecology transfer
- − ₦3,093,692
- Net allocation
- ₦432,799,084
Aprilfrom March revenue₦409.6M−5.3% on the month before
What came in
- Value added tax (VAT)50.5%
- ₦208,156,053
- Statutory allocation44.7%
- ₦184,232,713
- Electronic transfer levy2.1%
- ₦8,562,201
- Exchange rate gain1.4%
- ₦5,844,258
- Ecological fund1.4%
- ₦5,702,309
- Gross allocation
- ₦412,497,534
What came off first
- Ecology transfer
- − ₦2,851,155
- Net allocation
- ₦409,646,380
Mayfrom April revenue₦443.8M+8.3% on the month before
What came in
- Value added tax (VAT)49.8%
- ₦222,527,137
- Statutory allocation42.1%
- ₦188,079,996
- Exchange rate gain3.8%
- ₦16,770,949
- Electronic transfer levy3.0%
- ₦13,354,571
- Ecological fund1.4%
- ₦6,145,528
- Gross allocation
- ₦446,878,181
What came off first
- Ecology transfer
- − ₦3,072,764
- Net allocation
- ₦443,805,417
Junefrom May revenue₦444.3M+0.1% on the month before
What came in
- Value added tax (VAT)54.7%
- ₦244,419,703
- Statutory allocation38.4%
- ₦171,601,092
- Exchange rate gain3.6%
- ₦15,950,815
- Electronic transfer levy2.1%
- ₦9,490,253
- Ecological fund1.3%
- ₦5,626,557
- Gross allocation
- ₦447,088,420
What came off first
- Ecology transfer
- − ₦2,813,279
- Net allocation
- ₦444,275,141
Julyfrom June revenue₦478.3M+7.7% on the month before
What came in
- Value added tax (VAT)47.0%
- ₦226,519,595
- Statutory allocation42.9%
- ₦206,895,326
- Augmentation4.8%
- ₦22,972,130
- Electronic transfer levy2.1%
- ₦10,022,787
- Exchange rate gain1.7%
- ₦8,349,499
- Ecological fund1.5%
- ₦7,146,509
- Gross allocation
- ₦481,905,845
What came off first
- Ecology transfer
- − ₦3,573,254
- Net allocation
- ₦478,332,591
Augustfrom July revenue₦529.0M+10.6% on the month before
What came in
- Statutory allocation50.2%
- ₦267,661,522
- Value added tax (VAT)44.2%
- ₦235,736,422
- Electronic transfer levy2.4%
- ₦12,888,451
- Exchange rate gain1.6%
- ₦8,522,690
- Ecological fund1.6%
- ₦8,285,526
- Gross allocation
- ₦533,094,612
What came off first
- Ecology transfer
- − ₦4,142,763
- Net allocation
- ₦528,951,848
Septemberfrom August revenue₦544.3M+2.9% on the month before
What came in
- Statutory allocation52.3%
- ₦298,472,563
- Value added tax (VAT)42.6%
- ₦243,231,644
- Electronic transfer levy1.9%
- ₦10,991,435
- Ecological fund1.6%
- ₦9,213,188
- Exchange rate gain1.5%
- ₦8,633,712
- Gross allocation
- ₦570,542,544
What came off first
- Other deductions
- − ₦21,663,598
- Ecology transfer
- − ₦4,606,594
- Net allocation
- ₦544,272,352
Octoberfrom September revenue₦554.7M+1.9% on the month before
What came in
- Value added tax (VAT)50.1%
- ₦279,999,659
- Statutory allocation45.4%
- ₦253,649,308
- Electronic transfer levy3.1%
- ₦17,241,586
- Ecological fund1.4%
- ₦7,609,479
- Gross allocation
- ₦558,500,032
What came off first
- Ecology transfer
- − ₦3,804,740
- Net allocation
- ₦554,695,292
Novemberfrom October revenue₦521.8M−5.9% on the month before
What came in
- Statutory allocation53.5%
- ₦283,741,478
- Value added tax (VAT)41.8%
- ₦221,892,075
- Electronic transfer levy3.0%
- ₦16,154,458
- Ecological fund1.6%
- ₦8,512,244
- Gross allocation
- ₦530,300,256
What came off first
- Ecology transfer
- − ₦8,512,244
- Net allocation
- ₦521,788,011
Decemberfrom November revenue₦465.1M−10.9% on the month before
What came in
- Statutory allocation61.5%
- ₦291,440,599
- Value added tax (VAT)33.8%
- ₦160,221,322
- Electronic transfer levy2.8%
- ₦13,426,139
- Ecological fund1.8%
- ₦8,743,218
- Gross allocation
- ₦473,831,278
What came off first
- Ecology transfer
- − ₦8,743,218
- Net allocation
- ₦465,088,060
Check the source
About these figures
Source: monthly FAAC disbursement reports (net allocations to Ikono 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.