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Orhionmwon LGA · Edo State · Federal allocation

Orhionmwon LGA FAAC Allocation 2024

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

Orhionmwon LGA in Edo State received ₦1,739,643,848 (about ₦1.7B) in FAAC federal allocations across 4 recorded months of 2024. That is about ₦434.9M a month.

Net allocation · 4 months of 2024

4 months on record
₦1.74B

₦1,739,643,848

Highest · December

₦481.7M

Lowest · September

₦368.6M

Where the money came from

Share of gross allocation

Value added tax (VAT)₦666.4M 52.5%

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

Exchange rate gain₦405.3M 31.9%

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

Statutory allocation₦152.4M 12.0%

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

Electronic transfer levy₦25.2M 2.0%

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

Ecological fund₦16.8M 1.3%

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

Solid minerals revenue₦3.1M 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
₦1,269,206,893
Ecology transfer
− ₦8,412,811
Part of the ecological fund passed on to NDDC or HYPPADEC.
Net allocation
₦1,260,794,082

About ₦0.66 of every ₦100 was taken off before Orhionmwon’s share was set. Covers 3 of the 4 months on record.

Among Edo’s councils

Orhionmwon’s 2024 total is the 6th largest of Edo’s 18 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₦410.4MNo earlier month to compare

What came in

Value added tax (VAT)55.2%
₦228,120,103
Exchange rate gain33.3%
₦137,621,408
Statutory allocation7.1%
₦29,180,743
Electronic transfer levy2.4%
₦9,821,160
Ecological fund1.2%
₦5,097,590
Solid minerals revenue0.8%
₦3,117,511
Gross allocation
₦412,958,515

What came off first

Ecology transfer
− ₦2,548,795
Net allocation
₦410,409,720
Septemberfrom August revenue₦368.6M−10.2% on the month before

What came in

Value added tax (VAT)57.4%
₦212,815,250
Exchange rate gain29.7%
₦110,134,936
Statutory allocation9.6%
₦35,699,679
Electronic transfer levy2.1%
₦7,806,453
Ecological fund1.2%
₦4,375,038
Gross allocation
₦370,831,357

What came off first

Ecology transfer
− ₦2,187,519
Net allocation
₦368,643,837
Novemberfrom October revenue₦478.8MNo earlier month to compare

The imported figures for November do not add up to its total of ₦478,849,766, so only the total is shown. It needs checking against the official report.

Decemberfrom November revenue₦481.7M+0.6% on the month before

What came in

Value added tax (VAT)46.4%
₦225,439,376
Exchange rate gain32.5%
₦157,530,423
Statutory allocation18.0%
₦87,569,365
Electronic transfer levy1.6%
₦7,524,865
Ecological fund1.5%
₦7,352,994
Gross allocation
₦485,417,022

What came off first

Ecology transfer
− ₦3,676,497
Net allocation
₦481,740,525
Total4 months of 2024₦1,739,643,848

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 Orhionmwon 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.