Ikole LGA · Ekiti State · Federal allocation
Ikole LGA FAAC Allocation 2026
What was shared to the council each month, where it came from, and what came off first.
Ikole LGA in Ekiti State received ₦4,071,530,911 (about ₦4.1B) in FAAC federal allocations between January and July 2026. That is about ₦581.6M a month.
Net allocation · Jan–Jul 2026
7 months on record₦4,071,530,911
+26.8% compared with the same 7 months of 2025 · not adjusted for inflation
Highest · July
₦735.1MLowest · March
₦493.5MWhere the money came from
Share of gross allocation
The council’s share of the Federation Account: oil and gas income, company taxes and customs duties.
The council’s share of the 7.5% tax paid on goods and services.
A top-up added to the month’s pool from other federal revenue.
Money set aside for erosion, flooding and other environmental problems.
The ₦50 charged on bank transfers of ₦10,000 or more.
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
- ₦4,071,530,911
- Deductions at source
- None recorded
- Net allocation
- ₦4,071,530,911
Among Ekiti’s councils
Ikole’s 2026 total is the 3rd 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
7 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 2025 revenue₦589.2M+17.0% on the month before
What came in
- Value added tax (VAT)56.8%
- ₦334,413,832
- Statutory allocation39.7%
- ₦233,682,058
- Electronic transfer levy2.4%
- ₦14,120,267
- Ecological fund1.2%
- ₦7,010,462
- Gross allocation
- ₦589,226,618
What came off first
- Deductions at source
- None recorded
- Net allocation
- ₦589,226,618
Februaryfrom January revenue₦551.7M−6.4% on the month before
What came in
- Value added tax (VAT)60.0%
- ₦331,006,910
- Statutory allocation34.6%
- ₦190,653,386
- Augmentation4.3%
- ₦23,637,126
- Ecological fund1.2%
- ₦6,428,715
- Gross allocation
- ₦551,726,137
What came off first
- Deductions at source
- None recorded
- Net allocation
- ₦551,726,137
Marchfrom February revenue₦493.5M−10.5% on the month before
What came in
- Statutory allocation55.7%
- ₦275,126,414
- Value added tax (VAT)42.6%
- ₦210,162,738
- Ecological fund1.7%
- ₦8,253,792
- Gross allocation
- ₦493,542,944
What came off first
- Deductions at source
- None recorded
- Net allocation
- ₦493,542,944
Aprilfrom March revenue₦534.7M+8.3% on the month before
What came in
- Statutory allocation53.1%
- ₦283,690,146
- Value added tax (VAT)33.6%
- ₦179,416,660
- Augmentation8.8%
- ₦47,274,252
- Solid minerals revenue2.6%
- ₦14,003,537
- Ecological fund1.9%
- ₦10,349,038
- Gross allocation
- ₦534,733,633
What came off first
- Deductions at source
- None recorded
- Net allocation
- ₦534,733,633
Mayfrom April revenue₦599.1M+12.0% on the month before
What came in
- Value added tax (VAT)45.0%
- ₦269,724,239
- Statutory allocation43.5%
- ₦260,664,421
- Augmentation9.9%
- ₦59,092,815
- Ecological fund1.6%
- ₦9,592,717
- Gross allocation
- ₦599,074,192
What came off first
- Deductions at source
- None recorded
- Net allocation
- ₦599,074,192
Junefrom May revenue₦568.2M−5.2% on the month before
What came in
- Statutory allocation59.2%
- ₦336,430,420
- Value added tax (VAT)39.0%
- ₦221,628,456
- Ecological fund1.8%
- ₦10,092,913
- Gross allocation
- ₦568,151,789
What came off first
- Deductions at source
- None recorded
- Net allocation
- ₦568,151,789
Julyfrom June revenue₦735.1M+29.4% on the month before
What came in
- Statutory allocation51.8%
- ₦381,104,108
- Value added tax (VAT)38.3%
- ₦281,672,768
- Augmentation8.0%
- ₦59,092,815
- Ecological fund1.8%
- ₦13,205,908
- Gross allocation
- ₦735,075,598
What came off first
- Deductions at source
- None recorded
- Net allocation
- ₦735,075,598
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.