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Ohaukwu LGA · Ebonyi State · Federal allocation

Ohaukwu LGA FAAC Allocation 2024

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

Ohaukwu LGA in Ebonyi State received ₦1,723,072,819 (about ₦1.7B) in FAAC federal allocations across 4 recorded months of 2024. That is about ₦430.8M a month.

Net allocation · 4 months of 2024

4 months on record
₦1.72B

₦1,723,072,819

Highest · December

₦489.6M

Lowest · September

₦373.3M

Where the money came from

Share of gross allocation

Value added tax (VAT)₦671.4M 52.0%

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

Exchange rate gain₦420.5M 32.6%

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

Statutory allocation₦158.2M 12.3%

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

Electronic transfer levy₦20.1M 1.6%

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

Ecological fund₦17.5M 1.4%

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

Solid minerals revenue₦3.2M 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
₦1,290,878,550
Other deductions
− ₦1,629,225
Amounts the report shows as taken off, without saying what for.
Net allocation
₦1,289,249,325

About ₦0.13 of every ₦100 was taken off before Ohaukwu’s share was set. Covers 3 of the 4 months on record.

Among Ebonyi’s councils

Ohaukwu’s 2024 total is the 4th largest of Ebonyi’s 13 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₦426.4MNo earlier month to compare

What came in

Value added tax (VAT)55.6%
₦237,390,969
Exchange rate gain33.5%
₦142,791,722
Statutory allocation7.1%
₦30,277,037
Electronic transfer levy1.8%
₦7,710,564
Ecological fund1.2%
₦5,289,102
Solid minerals revenue0.8%
₦3,234,633
Gross allocation
₦426,694,027

What came off first

Other deductions
− ₦311,853
Net allocation
₦426,382,173
Septemberfrom August revenue₦373.3M−12.4% on the month before

What came in

Value added tax (VAT)56.6%
₦211,659,957
Exchange rate gain30.6%
₦114,272,607
Statutory allocation9.9%
₦37,040,884
Electronic transfer levy1.7%
₦6,167,579
Ecological fund1.2%
₦4,539,405
Gross allocation
₦373,680,431

What came off first

Other deductions
− ₦381,521
Net allocation
₦373,298,910
Novemberfrom October revenue₦433.8MNo earlier month to compare

The imported figures for November do not add up to its total of ₦433,823,494, so only the total is shown. It needs checking against the official report.

Decemberfrom November revenue₦489.6M+12.8% on the month before

What came in

Value added tax (VAT)45.3%
₦222,378,424
Exchange rate gain33.3%
₦163,448,700
Statutory allocation18.5%
₦90,859,267
Ecological fund1.6%
₦7,629,239
Electronic transfer levy1.3%
₦6,188,460
Gross allocation
₦490,504,092

What came off first

Other deductions
− ₦935,850
Net allocation
₦489,568,241
Total4 months of 2024₦1,723,072,819

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 Ohaukwu 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.