Cross River State · Federal allocation
Cross River State FAAC Allocation 2024
What landed each month, where it came from, and what came off first.
Cross River State received ₦33,701,888,693 (about ₦33.7B) in FAAC federal allocations across 4 recorded months of 2024. That is about ₦8.43B a month.
Net allocation received · 4 months of 2024
4 months on record₦33,701,888,693
Highest · December
₦10.15BLowest · September
₦6.99BWhere the money came from
Share of gross allocation
The state’s share of the 7.5% tax paid on goods and services.
Extra naira earned when dollar revenue is converted at a higher rate than planned.
The state’s share of the Federation Account: oil and gas income, company taxes and customs duties.
The ₦50 charged on bank transfers of ₦10,000 or more.
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. 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.
Before the money arrived
- Gross allocation
- ₦44,287,878,630
- External debt repayment
- − ₦6,366,792,343
- Repayments on the state’s foreign loans, taken before the money is paid out.
- Standing payment orders (ISPO)
- − ₦2,165,220,266
- Payments the state committed to in advance, such as contractor or bond repayments.
- Other deductions
- − ₦1,788,974,327
- Amounts the report shows as taken off, without saying what for.
- Ecology transfer
- − ₦265,003,001
- Part of the ecological fund passed on to NDDC or HYPPADEC.
- Net received
- ₦33,701,888,693
About ₦23.90 of every ₦100 was taken off before Cross River was paid.
Local governments got their own
Cross River’s 18 local governments were allocated ₦28.07B in 2024, across 4 months on record.
That money is separate. It is not part of the state’s figure on this page.
See each local government’s shareMonth by month
4 months on recordOpen a month to see what came in and what was deducted. The percentage is the change on the month before.
Augustfrom July revenue₦8.14BNo earlier month to compare
What came in
- Value added tax (VAT)55.3%
- ₦5,957,077,322
- Exchange rate gain33.5%
- ₦3,613,704,945
- Statutory allocation7.1%
- ₦766,236,845
- Electronic transfer levy2.0%
- ₦211,245,671
- Ecological fund1.1%
- ₦123,557,604
- Solid minerals revenue1.0%
- ₦104,324,736
- Gross allocation
- ₦10,776,147,122
What came off first
- External debt repayment
- − ₦1,591,698,086
- Standing payment orders (ISPO)
- − ₦541,305,066
- Other deductions
- − ₦444,989,043
- Ecology transfer
- − ₦61,778,802
- Net received
- ₦8,136,376,125
Septemberfrom August revenue₦6.99B−14.1% on the month before
What came in
- Value added tax (VAT)57.3%
- ₦5,512,585,363
- Exchange rate gain30.1%
- ₦2,891,956,768
- Statutory allocation9.7%
- ₦937,413,063
- Electronic transfer levy1.8%
- ₦168,911,657
- Ecological fund1.1%
- ₦106,044,088
- Gross allocation
- ₦9,616,910,938
What came off first
- External debt repayment
- − ₦1,591,698,086
- Standing payment orders (ISPO)
- − ₦541,305,066
- Other deductions
- − ₦444,989,043
- Ecology transfer
- − ₦53,022,044
- Net received
- ₦6,985,896,698
Novemberfrom October revenue₦8.43BNo earlier month to compare
The imported figures for November do not add up to its total of ₦8,433,013,822, so only the total is shown. It needs checking against the official report.
What came off first
- Gross allocation
- ₦11,081,113,795
- External debt repayment
- − ₦1,591,698,086
- Standing payment orders (ISPO)
- − ₦541,305,066
- Other deductions
- − ₦454,007,197
- Ecology transfer
- − ₦61,089,624
- Net received
- ₦8,433,013,822
Decemberfrom November revenue₦10.15B+20.3% on the month before
What came in
- Value added tax (VAT)47.0%
- ₦6,028,504,752
- Exchange rate gain32.3%
- ₦4,136,481,932
- Statutory allocation17.9%
- ₦2,299,423,108
- Ecological fund1.4%
- ₦178,225,063
- Electronic transfer levy1.3%
- ₦171,071,921
- Gross allocation
- ₦12,813,706,775
What came off first
- External debt repayment
- − ₦1,591,698,086
- Standing payment orders (ISPO)
- − ₦541,305,066
- Other deductions
- − ₦444,989,043
- Ecology transfer
- − ₦89,112,531
- Net received
- ₦10,146,602,048
Check the source
About these figures
Source: monthly FAAC disbursement reports (net allocations to Cross River State), 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.
Local governments’ allocations are separate and are not in the state’s total. An allocation is income: it does not show how the money was spent.