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Bwari LGA · FCT State · Federal allocation

Bwari LGA FAAC Allocation 2024

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

Bwari LGA in FCT State received ₦3,829,899,667 (about ₦3.8B) in FAAC federal allocations across 4 recorded months of 2024. That is about ₦957.5M a month.

Net allocation · 4 months of 2024

4 months on record
₦3.83B

₦3,829,899,667

Highest · December

₦1.18B

Lowest · September

₦656.2M

Where the money came from

Share of gross allocation

Value added tax (VAT)₦1.93B 72.8%

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

Exchange rate gain₦469.1M 17.7%

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

Statutory allocation₦176.4M 6.7%

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

Electronic transfer levy₦52.8M 2.0%

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

Ecological fund₦19.5M 0.7%

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

Solid minerals revenue₦3.6M 0.1%

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
₦2,649,714,015
Deductions at source
None recorded
Net allocation
₦2,649,714,015

Covers 3 of the 4 months on record.

Among FCT’s councils

Bwari’s 2024 total is the 2nd largest of FCT’s 6 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₦812.2MNo earlier month to compare

What came in

Value added tax (VAT)72.5%
₦588,944,741
Exchange rate gain19.6%
₦159,280,154
Statutory allocation4.2%
₦33,773,184
Electronic transfer levy2.5%
₦20,711,268
Ecological fund0.7%
₦5,899,844
Solid minerals revenue0.4%
₦3,608,143
Gross allocation
₦812,217,334

What came off first

Deductions at source
None recorded
Net allocation
₦812,217,334
Septemberfrom August revenue₦656.2M−19.2% on the month before

What came in

Value added tax (VAT)71.1%
₦466,451,327
Exchange rate gain19.4%
₦127,467,883
Statutory allocation6.3%
₦41,318,065
Electronic transfer levy2.4%
₦15,866,671
Ecological fund0.8%
₦5,063,578
Gross allocation
₦656,167,524

What came off first

Deductions at source
None recorded
Net allocation
₦656,167,524
Novemberfrom October revenue₦1.18BNo earlier month to compare

The imported figures for November do not add up to its total of ₦1,180,185,652, so only the total is shown. It needs checking against the official report.

Decemberfrom November revenue₦1.18B+0.1% on the month before

What came in

Value added tax (VAT)73.9%
₦872,886,727
Exchange rate gain15.4%
₦182,322,433
Statutory allocation8.6%
₦101,350,960
Electronic transfer levy1.4%
₦16,258,835
Ecological fund0.7%
₦8,510,202
Gross allocation
₦1,181,329,157

What came off first

Deductions at source
None recorded
Net allocation
₦1,181,329,157
Total4 months of 2024₦3,829,899,667

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 Bwari 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.