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Oshimili North LGA · Delta State · Federal allocation

Oshimili North LGA FAAC Allocation 2024

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

Oshimili North LGA in Delta State received ₦1,419,108,935 (about ₦1.4B) in FAAC federal allocations across 4 recorded months of 2024. That is about ₦354.8M a month.

Net allocation · 4 months of 2024

4 months on record
₦1.42B

₦1,419,108,935

Highest · December

₦390.4M

Lowest · September

₦331.8M

Where the money came from

Share of gross allocation

Value added tax (VAT)₦600.6M 56.3%

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

Exchange rate gain₦312.6M 29.3%

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

Statutory allocation₦117.6M 11.0%

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

Electronic transfer levy₦21.5M 2.0%

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

Ecological fund₦13.0M 1.2%

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

Solid minerals revenue₦2.4M 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
₦1,067,696,304
Ecology transfer
− ₦6,489,487
Part of the ecological fund passed on to NDDC or HYPPADEC.
Net allocation
₦1,061,206,817

About ₦0.61 of every ₦100 was taken off before Oshimili North’s share was set. Covers 3 of the 4 months on record.

Among Delta’s councils

Oshimili North’s 2024 total is the 21st largest of Delta’s 25 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₦339.0MNo earlier month to compare

What came in

Value added tax (VAT)58.0%
₦197,622,805
Exchange rate gain31.1%
₦106,158,613
Statutory allocation6.6%
₦22,509,486
Electronic transfer levy2.5%
₦8,383,755
Ecological fund1.2%
₦3,932,187
Solid minerals revenue0.7%
₦2,404,791
Gross allocation
₦341,011,636

What came off first

Ecology transfer
− ₦1,966,093
Net allocation
₦339,045,542
Septemberfrom August revenue₦331.8M−2.1% on the month before

What came in

Value added tax (VAT)63.3%
₦210,953,364
Exchange rate gain25.5%
₦84,956,056
Statutory allocation8.3%
₦27,538,073
Electronic transfer levy2.0%
₦6,656,714
Ecological fund1.0%
₦3,374,824
Gross allocation
₦333,479,030

What came off first

Ecology transfer
− ₦1,687,412
Net allocation
₦331,791,618
Novemberfrom October revenue₦357.9MNo earlier month to compare

The imported figures for November do not add up to its total of ₦357,902,119, so only the total is shown. It needs checking against the official report.

Decemberfrom November revenue₦390.4M+9.1% on the month before

What came in

Value added tax (VAT)48.8%
₦192,007,310
Exchange rate gain30.9%
₦121,516,059
Statutory allocation17.2%
₦67,549,391
Electronic transfer levy1.6%
₦6,460,914
Ecological fund1.4%
₦5,671,963
Gross allocation
₦393,205,638

What came off first

Ecology transfer
− ₦2,835,982
Net allocation
₦390,369,656
Total4 months of 2024₦1,419,108,935

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 Oshimili North 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.