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Anambra West LGA · Anambra State · Federal allocation

Anambra West LGA FAAC Allocation 2024

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

Anambra West LGA in Anambra State received ₦1,593,846,386 (about ₦1.6B) in FAAC federal allocations across 4 recorded months of 2024. That is about ₦398.5M a month.

Net allocation · 4 months of 2024

4 months on record
₦1.59B

₦1,593,846,386

Highest · December

₦462.7M

Lowest · September

₦346.7M

Where the money came from

Share of gross allocation

Value added tax (VAT)₦650.7M 54.6%

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

Exchange rate gain₦362.0M 30.4%

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

Statutory allocation₦136.2M 11.4%

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

Electronic transfer levy₦24.7M 2.1%

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

Ecological fund₦15.0M 1.3%

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

Solid minerals revenue₦2.8M 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
₦1,191,421,291
Deductions at source
None recorded
Net allocation
₦1,191,421,291

Covers 3 of the 4 months on record.

Among Anambra’s councils

Anambra West’s 2024 total is the 11th largest of Anambra’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₦382.1MNo earlier month to compare

What came in

Value added tax (VAT)56.6%
₦216,278,724
Exchange rate gain32.2%
₦122,938,026
Statutory allocation6.8%
₦26,067,332
Electronic transfer levy2.5%
₦9,479,573
Ecological fund1.2%
₦4,553,707
Solid minerals revenue0.7%
₦2,784,891
Gross allocation
₦382,102,253

What came off first

Deductions at source
None recorded
Net allocation
₦382,102,253
Septemberfrom August revenue₦346.7M−9.3% on the month before

What came in

Value added tax (VAT)59.1%
₦204,909,567
Exchange rate gain28.4%
₦98,384,196
Statutory allocation9.2%
₦31,890,736
Electronic transfer levy2.2%
₦7,568,170
Ecological fund1.1%
₦3,908,248
Gross allocation
₦346,660,917

What came off first

Deductions at source
None recorded
Net allocation
₦346,660,917
Novemberfrom October revenue₦402.4MNo earlier month to compare

The imported figures for November do not add up to its total of ₦402,425,095, so only the total is shown. It needs checking against the official report.

Decemberfrom November revenue₦462.7M+15.0% on the month before

What came in

Value added tax (VAT)49.6%
₦229,536,059
Exchange rate gain30.4%
₦140,722,868
Statutory allocation16.9%
₦78,226,237
Electronic transfer levy1.6%
₦7,604,484
Ecological fund1.4%
₦6,568,473
Gross allocation
₦462,658,120

What came off first

Deductions at source
None recorded
Net allocation
₦462,658,120
Total4 months of 2024₦1,593,846,386

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 Anambra West 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.