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Ushongo LGA · Benue State · Federal allocation

Ushongo LGA FAAC Allocation 2024

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

Ushongo LGA in Benue State received ₦1,711,303,911 (about ₦1.7B) in FAAC federal allocations across 4 recorded months of 2024. That is about ₦427.8M a month.

Net allocation · 4 months of 2024

4 months on record
₦1.71B

₦1,711,303,911

Highest · December

₦494.4M

Lowest · September

₦373.3M

Where the money came from

Share of gross allocation

Value added tax (VAT)₦638.6M 49.5%

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

Exchange rate gain₦443.0M 34.4%

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

Statutory allocation₦166.6M 12.9%

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

Electronic transfer levy₦19.4M 1.5%

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

Ecological fund₦18.4M 1.4%

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

Solid minerals revenue₦3.4M 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
₦1,289,459,455
Ecology transfer
− ₦9,195,047
Part of the ecological fund passed on to NDDC or HYPPADEC.
Net allocation
₦1,280,264,408

About ₦0.71 of every ₦100 was taken off before Ushongo’s share was set. Covers 3 of the 4 months on record.

Among Benue’s councils

Ushongo’s 2024 total is the 11th 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₦412.6MNo earlier month to compare

What came in

Value added tax (VAT)52.1%
₦216,581,097
Exchange rate gain36.2%
₦150,417,649
Statutory allocation7.7%
₦31,894,011
Electronic transfer levy1.8%
₦7,492,427
Ecological fund1.3%
₦5,571,571
Solid minerals revenue0.8%
₦3,407,382
Gross allocation
₦415,364,138

What came off first

Ecology transfer
− ₦2,785,786
Net allocation
₦412,578,352
Septemberfrom August revenue₦373.3M−9.5% on the month before

What came in

Value added tax (VAT)54.7%
₦205,514,733
Exchange rate gain32.0%
₦120,375,444
Statutory allocation10.4%
₦39,019,087
Electronic transfer levy1.6%
₦5,972,728
Ecological fund1.3%
₦4,781,836
Gross allocation
₦375,663,829

What came off first

Ecology transfer
− ₦2,390,918
Net allocation
₦373,272,911
Novemberfrom October revenue₦431.0MNo earlier month to compare

The imported figures for November do not add up to its total of ₦431,039,502, so only the total is shown. It needs checking against the official report.

Decemberfrom November revenue₦494.4M+14.7% on the month before

What came in

Value added tax (VAT)43.4%
₦216,542,084
Exchange rate gain34.5%
₦172,177,833
Statutory allocation19.2%
₦95,711,693
Ecological fund1.6%
₦8,036,686
Electronic transfer levy1.2%
₦5,963,192
Gross allocation
₦498,431,488

What came off first

Ecology transfer
− ₦4,018,343
Net allocation
₦494,413,146
Total4 months of 2024₦1,711,303,911

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 Ushongo 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.