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Bichi LGA · Kano State · Federal allocation

Bichi LGA FAAC Allocation 2024

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

Bichi LGA in Kano State received ₦1,923,879,843 (about ₦1.9B) in FAAC federal allocations across 4 recorded months of 2024. That is about ₦481.0M a month.

Net allocation · 4 months of 2024

4 months on record
₦1.92B

₦1,923,879,843

Highest · December

₦559.9M

Lowest · September

₦413.8M

Where the money came from

Share of gross allocation

Value added tax (VAT)₦777.5M 54.0%

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

Exchange rate gain₦447.6M 31.1%

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

Statutory allocation₦168.4M 11.7%

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

Electronic transfer levy₦23.9M 1.7%

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

Ecological fund₦18.6M 1.3%

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

Solid minerals revenue₦3.4M 0.2%

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
₦1,439,411,437
Deductions at source
None recorded
Net allocation
₦1,439,411,437

Covers 3 of the 4 months on record.

Among Kano’s councils

Bichi’s 2024 total is the 7th largest of Kano’s 44 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₦465.7MNo earlier month to compare

What came in

Value added tax (VAT)56.5%
₦263,199,161
Exchange rate gain32.6%
₦151,982,302
Statutory allocation6.9%
₦32,225,774
Electronic transfer levy2.0%
₦9,231,444
Ecological fund1.2%
₦5,629,527
Solid minerals revenue0.7%
₦3,442,826
Gross allocation
₦465,711,035

What came off first

Deductions at source
None recorded
Net allocation
₦465,711,035
Septemberfrom August revenue₦413.8M−11.2% on the month before

What came in

Value added tax (VAT)58.1%
₦240,578,512
Exchange rate gain29.4%
₦121,627,597
Statutory allocation9.5%
₦39,424,966
Electronic transfer levy1.8%
₦7,298,598
Ecological fund1.2%
₦4,831,577
Gross allocation
₦413,761,251

What came off first

Deductions at source
None recorded
Net allocation
₦413,761,251
Novemberfrom October revenue₦484.5MNo earlier month to compare

The imported figures for November do not add up to its total of ₦484,468,406, so only the total is shown. It needs checking against the official report.

Decemberfrom November revenue₦559.9M+15.6% on the month before

What came in

Value added tax (VAT)48.9%
₦273,726,308
Exchange rate gain31.1%
₦173,968,837
Statutory allocation17.3%
₦96,707,292
Ecological fund1.5%
₦8,120,284
Electronic transfer levy1.3%
₦7,416,430
Gross allocation
₦559,939,151

What came off first

Deductions at source
None recorded
Net allocation
₦559,939,151
Total4 months of 2024₦1,923,879,843

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 Bichi 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.