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Ebonyi State · Federal allocation

Ebonyi State FAAC Allocation 2024

What landed each month, where it came from, and what came off first.

Ebonyi State received ₦35,925,727,248 (about ₦35.9B) in FAAC federal allocations across 4 recorded months of 2024. That is about ₦8.98B a month.

Net allocation received · 4 months of 2024

4 months on record
₦35.93B

₦35,925,727,248

Highest · December

₦10.32B

Lowest · September

₦7.61B

Where the money came from

Share of gross allocation

Value added tax (VAT)₦16.53B 54.0%

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

Exchange rate gain₦9.47B 30.9%

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

Statutory allocation₦3.56B 11.6%

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

Electronic transfer levy₦490.3M 1.6%

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

Ecological fund₦362.8M 1.2%

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

Solid minerals revenue₦180.9M 0.6%

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
₦40,889,971,391
External debt repayment
− ₦3,316,081,534
Repayments on the state’s foreign loans, taken before the money is paid out.
Other deductions
− ₦1,648,162,610
Amounts the report shows as taken off, without saying what for.
Net received
₦35,925,727,248

About ₦12.14 of every ₦100 was taken off before Ebonyi was paid.

Local governments got their own

Ebonyi’s 13 local governments were allocated ₦21.22B 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 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₦8.93BNo earlier month to compare

What came in

Value added tax (VAT)57.0%
₦5,805,358,550
Exchange rate gain31.6%
₦3,215,030,321
Statutory allocation6.7%
₦681,703,329
Electronic transfer levy1.9%
₦188,480,812
Solid minerals revenue1.8%
₦180,942,452
Ecological fund1.1%
₦109,926,363
Gross allocation
₦10,181,441,826

What came off first

External debt repayment
− ₦829,020,383
Other deductions
− ₦417,736,242
Net received
₦8,934,685,200
Septemberfrom August revenue₦7.61B−14.9% on the month before

What came in

Value added tax (VAT)58.8%
₦5,202,215,917
Exchange rate gain29.1%
₦2,572,907,538
Statutory allocation9.4%
₦833,994,879
Electronic transfer levy1.7%
₦150,651,866
Ecological fund1.1%
₦94,344,990
Gross allocation
₦8,854,115,190

What came off first

External debt repayment
− ₦829,020,383
Other deductions
− ₦419,166,988
Net received
₦7,605,927,819
Novemberfrom October revenue₦9.07BNo earlier month to compare

The imported figures for November do not add up to its total of ₦9,068,095,884, so only the total is shown. It needs checking against the official report.

What came off first

Gross allocation
₦10,297,801,532
External debt repayment
− ₦829,020,383
Other deductions
− ₦400,685,264
Net received
₦9,068,095,884
Decemberfrom November revenue₦10.32B+13.8% on the month before

What came in

Value added tax (VAT)47.8%
₦5,521,029,179
Exchange rate gain31.8%
₦3,680,133,003
Statutory allocation17.7%
₦2,045,743,945
Ecological fund1.4%
₦158,562,746
Electronic transfer levy1.3%
₦151,143,969
Gross allocation
₦11,556,612,843

What came off first

External debt repayment
− ₦829,020,383
Other deductions
− ₦410,574,115
Net received
₦10,317,018,344
Total4 months of 2024₦35,925,727,248

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 Ebonyi 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.