Ikole LGA · Ekiti State · Federal allocation
Ikole LGA FAAC Allocation 2025
What was shared to the council each month, where it came from, and what came off first.
Ikole LGA in Ekiti State received ₦6,002,094,677 (about ₦6.0B) in FAAC federal allocations in 2025. That is about ₦500.2M a month.
Net allocation · Jan–Dec 2025
Full year₦6,002,094,677
+38.6% compared with the same 4 months of 2024 (4 of 12 months compared) · not adjusted for inflation
Highest · October
₦590.8MLowest · January
₦401.5MWhere the money came from
Share of gross allocation
The council’s share of the 7.5% tax paid on goods and services.
The council’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.
Extra naira earned when dollar revenue is converted at a higher rate than planned.
A top-up added to the month’s pool from other federal revenue.
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.
What came off first
- Gross allocation
- ₦6,030,160,988
- Other deductions
- − ₦28,066,311
- Amounts the report shows as taken off, without saying what for.
- Net allocation
- ₦6,002,094,677
About ₦0.47 of every ₦100 was taken off before Ikole’s share was set.
Among Ekiti’s councils
Ikole’s 2025 total is the 4th largest of Ekiti’s 16 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
12 months on recordOpen a month to see what came in and what was deducted. The percentage is the change on the month before.
Januaryfrom December 2024 revenue₦401.5M−10.7% on the month before
What came in
- Value added tax (VAT)56.1%
- ₦225,126,554
- Exchange rate gain21.0%
- ₦84,394,769
- Statutory allocation18.7%
- ₦75,241,187
- Electronic transfer levy3.0%
- ₦11,941,009
- Ecological fund1.2%
- ₦4,789,079
- Gross allocation
- ₦401,492,599
What came off first
- Deductions at source
- None recorded
- Net allocation
- ₦401,492,599
Februaryfrom January revenue₦493.0M+22.8% on the month before
What came in
- Value added tax (VAT)57.0%
- ₦281,092,834
- Statutory allocation31.3%
- ₦154,176,138
- Augmentation8.9%
- ₦44,007,601
- Electronic transfer levy1.6%
- ₦7,808,699
- Ecological fund1.2%
- ₦5,945,512
- Gross allocation
- ₦493,030,784
What came off first
- Deductions at source
- None recorded
- Net allocation
- ₦493,030,784
Marchfrom February revenue₦466.8M−5.3% on the month before
What came in
- Value added tax (VAT)50.4%
- ₦235,218,089
- Statutory allocation35.2%
- ₦164,339,431
- Augmentation9.0%
- ₦42,074,084
- Electronic transfer levy2.8%
- ₦13,013,639
- Ecological fund1.4%
- ₦6,366,496
- Solid minerals revenue1.2%
- ₦5,803,002
- Gross allocation
- ₦466,814,742
What came off first
- Deductions at source
- None recorded
- Net allocation
- ₦466,814,742
Aprilfrom March revenue₦427.3M−8.5% on the month before
What came in
- Value added tax (VAT)50.7%
- ₦216,443,044
- Statutory allocation44.4%
- ₦189,565,873
- Electronic transfer levy2.2%
- ₦9,403,077
- Exchange rate gain1.4%
- ₦6,013,437
- Ecological fund1.4%
- ₦5,867,379
- Gross allocation
- ₦427,292,811
What came off first
- Deductions at source
- None recorded
- Net allocation
- ₦427,292,811
Mayfrom April revenue₦447.6M+4.8% on the month before
What came in
- Value added tax (VAT)48.2%
- ₦215,884,795
- Statutory allocation43.2%
- ₦193,524,527
- Exchange rate gain3.9%
- ₦17,256,433
- Electronic transfer levy3.3%
- ₦14,647,671
- Ecological fund1.4%
- ₦6,323,429
- Gross allocation
- ₦447,636,854
What came off first
- Deductions at source
- None recorded
- Net allocation
- ₦447,636,854
Junefrom May revenue₦475.8M+6.3% on the month before
What came in
- Value added tax (VAT)56.0%
- ₦266,658,560
- Statutory allocation37.1%
- ₦176,568,592
- Exchange rate gain3.4%
- ₦16,412,559
- Electronic transfer levy2.2%
- ₦10,345,821
- Ecological fund1.2%
- ₦5,789,435
- Gross allocation
- ₦475,774,966
What came off first
- Deductions at source
- None recorded
- Net allocation
- ₦475,774,966
Julyfrom June revenue₦500.0M+5.1% on the month before
What came in
- Value added tax (VAT)47.3%
- ₦236,628,888
- Statutory allocation42.6%
- ₦212,884,521
- Augmentation4.7%
- ₦23,637,126
- Electronic transfer levy2.2%
- ₦10,950,194
- Exchange rate gain1.7%
- ₦8,591,200
- Ecological fund1.5%
- ₦7,353,385
- Gross allocation
- ₦500,045,314
What came off first
- Deductions at source
- None recorded
- Net allocation
- ₦500,045,314
Augustfrom July revenue₦549.4M+9.9% on the month before
What came in
- Statutory allocation50.1%
- ₦275,409,775
- Value added tax (VAT)44.2%
- ₦242,589,572
- Electronic transfer levy2.6%
- ₦14,087,207
- Exchange rate gain1.6%
- ₦8,769,404
- Ecological fund1.6%
- ₦8,525,375
- Gross allocation
- ₦549,381,334
What came off first
- Deductions at source
- None recorded
- Net allocation
- ₦549,381,334
Septemberfrom August revenue₦558.5M+1.7% on the month before
What came in
- Statutory allocation52.4%
- ₦307,112,732
- Value added tax (VAT)42.5%
- ₦249,101,861
- Electronic transfer levy2.0%
- ₦11,965,497
- Ecological fund1.6%
- ₦9,479,891
- Exchange rate gain1.5%
- ₦8,883,640
- Gross allocation
- ₦586,543,622
What came off first
- Other deductions
- − ₦28,066,311
- Net allocation
- ₦558,477,311
Octoberfrom September revenue₦590.8M+5.8% on the month before
What came in
- Value added tax (VAT)51.3%
- ₦303,226,613
- Statutory allocation44.2%
- ₦260,991,935
- Electronic transfer levy3.2%
- ₦18,776,710
- Ecological fund1.3%
- ₦7,829,758
- Gross allocation
- ₦590,825,016
What came off first
- Deductions at source
- None recorded
- Net allocation
- ₦590,825,016
Novemberfrom October revenue₦587.5M−0.6% on the month before
What came in
- Statutory allocation49.7%
- ₦291,955,212
- Value added tax (VAT)45.8%
- ₦269,162,038
- Electronic transfer levy3.0%
- ₦17,632,087
- Ecological fund1.5%
- ₦8,758,656
- Gross allocation
- ₦587,507,993
What came off first
- Deductions at source
- None recorded
- Net allocation
- ₦587,507,993
Decemberfrom November revenue₦503.8M−14.2% on the month before
What came in
- Statutory allocation59.5%
- ₦299,877,207
- Value added tax (VAT)35.8%
- ₦180,313,972
- Electronic transfer levy2.9%
- ₦14,627,456
- Ecological fund1.8%
- ₦8,996,316
- Gross allocation
- ₦503,814,952
What came off first
- Deductions at source
- None recorded
- Net allocation
- ₦503,814,952
Check the source
About these figures
Source: monthly FAAC disbursement reports (net allocations to Ikole 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.