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Ohaji/Egbema LGA · Imo State · Federal allocation

Ohaji/Egbema LGA FAAC Allocation 2024

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

Ohaji/Egbema LGA in Imo State received ₦1,601,293,834 (about ₦1.6B) in FAAC federal allocations across 4 recorded months of 2024. That is about ₦400.3M a month.

Net allocation · 4 months of 2024

4 months on record
₦1.60B

₦1,601,293,834

Highest · December

₦464.4M

Lowest · September

₦345.7M

Where the money came from

Share of gross allocation

Value added tax (VAT)₦621.5M 51.5%

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

Exchange rate gain₦396.6M 32.8%

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

Statutory allocation₦149.2M 12.4%

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

Electronic transfer levy₦20.6M 1.7%

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

Ecological fund₦16.5M 1.4%

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

Solid minerals revenue₦3.1M 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.

What came off first

Gross allocation
₦1,207,354,116
Ecology transfer
− ₦8,231,858
Part of the ecological fund passed on to NDDC or HYPPADEC.
Net allocation
₦1,199,122,257

About ₦0.68 of every ₦100 was taken off before Ohaji/Egbema’s share was set. Covers 3 of the 4 months on record.

Among Imo’s councils

Ohaji/Egbema’s 2024 total is the 3rd largest of Imo’s 27 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₦389.0MNo earlier month to compare

What came in

Value added tax (VAT)54.2%
₦212,323,485
Exchange rate gain34.4%
₦134,661,281
Statutory allocation7.3%
₦28,553,088
Electronic transfer levy2.0%
₦7,935,138
Ecological fund1.3%
₦4,987,945
Solid minerals revenue0.8%
₦3,050,456
Gross allocation
₦391,511,393

What came off first

Ecology transfer
− ₦2,493,972
Net allocation
₦389,017,421
Septemberfrom August revenue₦345.7M−11.1% on the month before

What came in

Value added tax (VAT)55.9%
₦194,552,193
Exchange rate gain31.0%
₦107,766,021
Statutory allocation10.0%
₦34,931,807
Electronic transfer levy1.8%
₦6,342,856
Ecological fund1.2%
₦4,280,935
Gross allocation
₦347,873,811

What came off first

Ecology transfer
− ₦2,140,467
Net allocation
₦345,733,344
Novemberfrom October revenue₦402.2MNo earlier month to compare

The imported figures for November do not add up to its total of ₦402,171,577, so only the total is shown. It needs checking against the official report.

Decemberfrom November revenue₦464.4M+15.5% on the month before

What came in

Value added tax (VAT)45.9%
₦214,581,033
Exchange rate gain32.9%
₦154,142,068
Statutory allocation18.3%
₦85,685,817
Ecological fund1.5%
₦7,194,837
Electronic transfer levy1.4%
₦6,365,156
Gross allocation
₦467,968,911

What came off first

Ecology transfer
− ₦3,597,418
Net allocation
₦464,371,493
Total4 months of 2024₦1,601,293,834

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 Ohaji/Egbema 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.