Ikono LGA · Akwa Ibom State · Federal allocation
Ikono LGA FAAC Allocation 2026
What was shared to the council each month, where it came from, and what came off first.
Ikono LGA in Akwa Ibom State received ₦3,876,798,923 (about ₦3.9B) in FAAC federal allocations between January and July 2026. That is about ₦553.8M a month.
Net allocation · Jan–Jul 2026
7 months on record₦3,876,798,923
+27.5% compared with the same 7 months of 2025 · not adjusted for inflation
Highest · July
₦661.8MLowest · March
₦471.9MWhere the money came from
Share of gross allocation
The council’s share of the Federation Account: oil and gas income, company taxes and customs duties.
The council’s share of the 7.5% tax paid on goods and services.
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.
The ₦50 charged on bank transfers of ₦10,000 or more.
Before deductions. Percentages may not sum to 100% due to rounding.
What came off first
- Gross allocation
- ₦3,939,905,658
- Ecology transfer
- − ₦63,106,734
- Part of the ecological fund passed on to NDDC or HYPPADEC.
- Net allocation
- ₦3,876,798,923
About ₦1.60 of every ₦100 was taken off before Ikono’s share was set.
Among Akwa Ibom’s councils
Ikono’s 2026 total is the 15th 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
7 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 2025 revenue₦543.3M+16.8% on the month before
What came in
- Value added tax (VAT)55.1%
- ₦303,252,445
- Statutory allocation41.3%
- ₦227,107,754
- Electronic transfer levy2.4%
- ₦12,938,196
- Ecological fund1.2%
- ₦6,813,233
- Gross allocation
- ₦550,111,627
What came off first
- Ecology transfer
- − ₦6,813,233
- Net allocation
- ₦543,298,394
Februaryfrom January revenue₦530.1M−2.4% on the month before
What came in
- Value added tax (VAT)60.0%
- ₦321,812,701
- Statutory allocation34.5%
- ₦185,289,631
- Augmentation4.3%
- ₦22,972,130
- Ecological fund1.2%
- ₦6,247,853
- Gross allocation
- ₦536,322,314
What came off first
- Ecology transfer
- − ₦6,247,853
- Net allocation
- ₦530,074,462
Marchfrom February revenue₦471.9M−11.0% on the month before
What came in
- Statutory allocation55.7%
- ₦267,386,134
- Value added tax (VAT)42.6%
- ₦204,488,488
- Ecological fund1.7%
- ₦8,021,584
- Gross allocation
- ₦479,896,206
What came off first
- Ecology transfer
- − ₦8,021,584
- Net allocation
- ₦471,874,622
Aprilfrom March revenue₦560.1M+18.7% on the month before
What came in
- Statutory allocation48.4%
- ₦275,708,937
- Value added tax (VAT)39.4%
- ₦224,794,322
- Augmentation8.1%
- ₦45,944,260
- Solid minerals revenue2.4%
- ₦13,609,568
- Ecological fund1.8%
- ₦10,057,883
- Gross allocation
- ₦570,114,969
What came off first
- Ecology transfer
- − ₦10,057,883
- Net allocation
- ₦560,057,086
Mayfrom April revenue₦579.7M+3.5% on the month before
What came in
- Value added tax (VAT)45.7%
- ₦268,916,324
- Statutory allocation43.0%
- ₦253,331,008
- Augmentation9.8%
- ₦57,430,325
- Ecological fund1.6%
- ₦9,322,840
- Gross allocation
- ₦589,000,496
What came off first
- Ecology transfer
- − ₦9,322,840
- Net allocation
- ₦579,677,656
Junefrom May revenue₦530.0M−8.6% on the month before
What came in
- Statutory allocation60.6%
- ₦326,965,440
- Value added tax (VAT)37.6%
- ₦203,078,969
- Ecological fund1.8%
- ₦9,808,963
- Gross allocation
- ₦539,853,373
What came off first
- Ecology transfer
- − ₦9,808,963
- Net allocation
- ₦530,044,409
Julyfrom June revenue₦661.8M+24.9% on the month before
What came in
- Statutory allocation54.9%
- ₦370,382,299
- Value added tax (VAT)34.7%
- ₦233,959,670
- Augmentation8.5%
- ₦57,430,325
- Ecological fund1.9%
- ₦12,834,379
- Gross allocation
- ₦674,606,673
What came off first
- Ecology transfer
- − ₦12,834,379
- Net allocation
- ₦661,772,294
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.