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Enugu State · Federal allocation

Enugu State FAAC Allocation 2024

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

Enugu State received ₦41,087,319,935 (about ₦41.1B) in FAAC federal allocations across 4 recorded months of 2024. That is about ₦10.27B a month.

Net allocation received · 4 months of 2024

4 months on record
₦41.09B

₦41,087,319,935

Highest · December

₦11.99B

Lowest · September

₦8.73B

Where the money came from

Share of gross allocation

Value added tax (VAT)₦18.29B 53.6%

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

Exchange rate gain₦10.64B 31.2%

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

Statutory allocation₦4.00B 11.7%

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

Electronic transfer levy₦644.5M 1.9%

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

Ecological fund₦407.9M 1.2%

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

Solid minerals revenue₦111.1M 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.

Before the money arrived

Gross allocation
₦45,594,368,819
External debt repayment
− ₦4,183,452,703
Repayments on the state’s foreign loans, taken before the money is paid out.
Other deductions
− ₦323,596,181
Amounts the report shows as taken off, without saying what for.
Net received
₦41,087,319,935

About ₦9.89 of every ₦100 was taken off before Enugu was paid.

Local governments got their own

Enugu’s 17 local governments were allocated ₦28.55B 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₦10.00BNo earlier month to compare

What came in

Value added tax (VAT)56.3%
₦6,265,247,480
Exchange rate gain32.5%
₦3,614,016,833
Statutory allocation6.9%
₦766,302,977
Electronic transfer levy2.2%
₦246,707,266
Ecological fund1.1%
₦123,568,267
Solid minerals revenue1.0%
₦111,092,759
Gross allocation
₦11,126,935,582

What came off first

External debt repayment
− ₦1,045,863,176
Other deductions
− ₦78,644,312
Net received
₦10,002,428,094
Septemberfrom August revenue₦8.73B−12.7% on the month before

What came in

Value added tax (VAT)58.1%
₦5,725,577,432
Exchange rate gain29.3%
₦2,892,206,363
Statutory allocation9.5%
₦937,493,968
Electronic transfer levy2.0%
₦196,159,507
Ecological fund1.1%
₦106,053,240
Gross allocation
₦9,857,490,510

What came off first

External debt repayment
− ₦1,045,863,176
Other deductions
− ₦78,644,312
Net received
₦8,732,983,022
Novemberfrom October revenue₦10.36BNo earlier month to compare

The imported figures for November do not add up to its total of ₦10,359,608,872, so only the total is shown. It needs checking against the official report.

What came off first

Gross allocation
₦11,493,135,292
External debt repayment
− ₦1,045,863,176
Other deductions
− ₦87,663,244
Net received
₦10,359,608,872
Decemberfrom November revenue₦11.99B+15.8% on the month before

What came in

Value added tax (VAT)48.0%
₦6,300,462,906
Exchange rate gain31.5%
₦4,136,838,938
Statutory allocation17.5%
₦2,299,621,563
Electronic transfer levy1.5%
₦201,643,583
Ecological fund1.4%
₦178,240,445
Gross allocation
₦13,116,807,434

What came off first

External debt repayment
− ₦1,045,863,176
Other deductions
− ₦78,644,312
Net received
₦11,992,299,946
Total4 months of 2024₦41,087,319,935

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 Enugu 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.