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Ohimini LGA · Benue State · Federal allocation

Ohimini LGA FAAC Allocation 2024

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

Ohimini LGA in Benue State received ₦1,324,192,055 (about ₦1.3B) in FAAC federal allocations across 4 recorded months of 2024. That is about ₦331.0M a month.

Net allocation · 4 months of 2024

4 months on record
₦1.32B

₦1,324,192,055

Highest · December

₦382.0M

Lowest · September

₦289.6M

Where the money came from

Share of gross allocation

Value added tax (VAT)₦489.4M 49.1%

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

Exchange rate gain₦345.7M 34.7%

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

Statutory allocation₦130.0M 13.0%

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

Electronic transfer levy₦15.1M 1.5%

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

Ecological fund₦14.4M 1.4%

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

Solid minerals revenue₦2.7M 0.3%

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
₦997,318,090
Ecology transfer
− ₦7,175,634
Part of the ecological fund passed on to NDDC or HYPPADEC.
Net allocation
₦990,142,457

About ₦0.72 of every ₦100 was taken off before Ohimini’s share was set. Covers 3 of the 4 months on record.

Among Benue’s councils

Ohimini’s 2024 total is the 22nd largest of Benue’s 23 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₦318.5MNo earlier month to compare

What came in

Value added tax (VAT)51.6%
₦165,535,633
Exchange rate gain36.6%
₦117,382,977
Statutory allocation7.8%
₦24,889,459
Electronic transfer levy1.8%
₦5,842,827
Ecological fund1.4%
₦4,347,945
Solid minerals revenue0.8%
₦2,659,054
Gross allocation
₦320,657,895

What came off first

Ecology transfer
− ₦2,173,972
Net allocation
₦318,483,922
Septemberfrom August revenue₦289.6M−9.1% on the month before

What came in

Value added tax (VAT)54.4%
₦158,713,055
Exchange rate gain32.2%
₦93,938,631
Statutory allocation10.4%
₦30,449,729
Electronic transfer levy1.6%
₦4,656,302
Ecological fund1.3%
₦3,731,651
Gross allocation
₦291,489,368

What came off first

Ecology transfer
− ₦1,865,825
Net allocation
₦289,623,543
Novemberfrom October revenue₦334.0MNo earlier month to compare

The imported figures for November do not add up to its total of ₦334,049,599, so only the total is shown. It needs checking against the official report.

Decemberfrom November revenue₦382.0M+14.4% on the month before

What came in

Value added tax (VAT)42.9%
₦165,199,210
Exchange rate gain34.9%
₦134,364,197
Statutory allocation19.4%
₦74,691,524
Ecological fund1.6%
₦6,271,672
Electronic transfer levy1.2%
₦4,644,224
Gross allocation
₦385,170,827

What came off first

Ecology transfer
− ₦3,135,836
Net allocation
₦382,034,992
Total4 months of 2024₦1,324,192,055

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 Ohimini 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.