Ikorodu LGA · Lagos State · Federal allocation
Ikorodu LGA FAAC Allocation 2025
What was shared to the council each month, where it came from, and what came off first.
Ikorodu LGA in Lagos State received ₦25,230,014,369 (about ₦25.2B) in FAAC federal allocations in 2025. That is about ₦2.10B a month.
Net allocation · Jan–Dec 2025
Full year₦25,230,014,369
+23.7% compared with the same 4 months of 2024 (4 of 12 months compared) · not adjusted for inflation
Highest · October
₦2.75BLowest · April
₦1.79BWhere the money came from
Share of gross allocation
The council’s share of the 7.5% tax paid on goods and services.
The council’s share of the Federation Account: oil and gas income, company taxes and customs duties.
The ₦50 charged on bank transfers of ₦10,000 or more.
Extra naira earned when dollar revenue is converted at a higher rate than planned.
A top-up added to the month’s pool from other federal revenue.
Money set aside for erosion, flooding and other environmental problems.
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
- ₦25,270,597,693
- Other deductions
- − ₦40,583,324
- Amounts the report shows as taken off, without saying what for.
- Net allocation
- ₦25,230,014,369
About ₦0.16 of every ₦100 was taken off before Ikorodu’s share was set.
Among Lagos’s councils
Ikorodu’s 2025 total is the 7th largest of Lagos’s 20 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
12 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 2024 revenue₦1.90B+3.6% on the month before
What came in
- Value added tax (VAT)82.7%
- ₦1,573,860,222
- Exchange rate gain7.4%
- ₦140,265,923
- Statutory allocation6.6%
- ₦125,052,472
- Electronic transfer levy2.9%
- ₦55,320,649
- Ecological fund0.4%
- ₦7,959,552
- Gross allocation
- ₦1,902,458,818
What came off first
- Deductions at source
- None recorded
- Net allocation
- ₦1,902,458,818
Februaryfrom January revenue₦2.19B+15.0% on the month before
What came in
- Value added tax (VAT)82.9%
- ₦1,812,622,558
- Statutory allocation11.7%
- ₦256,244,060
- Augmentation3.3%
- ₦73,141,580
- Electronic transfer levy1.6%
- ₦35,201,089
- Ecological fund0.5%
- ₦9,881,569
- Gross allocation
- ₦2,187,090,856
What came off first
- Deductions at source
- None recorded
- Net allocation
- ₦2,187,090,856
Marchfrom February revenue₦2.01B−7.9% on the month before
What came in
- Value added tax (VAT)76.7%
- ₦1,544,810,331
- Statutory allocation13.6%
- ₦273,135,672
- Electronic transfer levy5.3%
- ₦106,461,327
- Augmentation3.5%
- ₦69,928,033
- Ecological fund0.5%
- ₦10,581,253
- Solid minerals revenue0.5%
- ₦9,644,715
- Gross allocation
- ₦2,014,561,332
What came off first
- Deductions at source
- None recorded
- Net allocation
- ₦2,014,561,332
Aprilfrom March revenue₦1.79B−10.9% on the month before
What came in
- Value added tax (VAT)77.6%
- ₦1,392,944,556
- Statutory allocation17.6%
- ₦315,062,561
- Electronic transfer levy3.7%
- ₦67,186,294
- Exchange rate gain0.6%
- ₦9,994,462
- Ecological fund0.5%
- ₦9,751,711
- Gross allocation
- ₦1,794,939,584
What came off first
- Deductions at source
- None recorded
- Net allocation
- ₦1,794,939,584
Mayfrom April revenue₦2.02B+12.4% on the month before
What came in
- Value added tax (VAT)77.0%
- ₦1,553,742,737
- Statutory allocation15.9%
- ₦321,641,929
- Electronic transfer levy5.1%
- ₦102,420,549
- Exchange rate gain1.4%
- ₦28,680,563
- Ecological fund0.5%
- ₦10,509,675
- Gross allocation
- ₦2,016,995,454
What came off first
- Deductions at source
- None recorded
- Net allocation
- ₦2,016,995,454
Junefrom May revenue₦1.98B−2.0% on the month before
What came in
- Value added tax (VAT)79.5%
- ₦1,571,891,401
- Statutory allocation14.8%
- ₦293,460,800
- Electronic transfer levy3.8%
- ₦74,824,644
- Exchange rate gain1.4%
- ₦27,278,026
- Ecological fund0.5%
- ₦9,622,165
- Gross allocation
- ₦1,977,077,036
What came off first
- Deductions at source
- None recorded
- Net allocation
- ₦1,977,077,036
Julyfrom June revenue₦2.02B+2.2% on the month before
What came in
- Value added tax (VAT)75.4%
- ₦1,523,677,028
- Statutory allocation17.5%
- ₦353,818,657
- Electronic transfer levy3.9%
- ₦77,976,879
- Augmentation1.9%
- ₦39,285,412
- Exchange rate gain0.7%
- ₦14,278,759
- Ecological fund0.6%
- ₦12,221,485
- Gross allocation
- ₦2,021,258,219
What came off first
- Deductions at source
- None recorded
- Net allocation
- ₦2,021,258,219
Augustfrom July revenue₦2.07B+2.3% on the month before
What came in
- Value added tax (VAT)71.4%
- ₦1,476,705,103
- Statutory allocation22.1%
- ₦457,736,974
- Electronic transfer levy5.0%
- ₦104,224,261
- Exchange rate gain0.7%
- ₦14,574,939
- Ecological fund0.7%
- ₦14,169,357
- Gross allocation
- ₦2,067,410,634
What came off first
- Deductions at source
- None recorded
- Net allocation
- ₦2,067,410,634
Septemberfrom August revenue₦2.30B+11.4% on the month before
What came in
- Value added tax (VAT)72.8%
- ₦1,706,217,822
- Statutory allocation21.8%
- ₦510,427,972
- Electronic transfer levy4.1%
- ₦96,619,789
- Ecological fund0.7%
- ₦15,755,783
- Exchange rate gain0.6%
- ₦14,764,802
- Gross allocation
- ₦2,343,786,168
What came off first
- Other deductions
- − ₦40,583,324
- Net allocation
- ₦2,303,202,844
Octoberfrom September revenue₦2.75B+19.3% on the month before
What came in
- Value added tax (VAT)77.2%
- ₦2,121,929,818
- Statutory allocation15.8%
- ₦433,774,214
- Electronic transfer levy6.5%
- ₦178,681,531
- Ecological fund0.5%
- ₦13,013,226
- Gross allocation
- ₦2,747,398,790
What came off first
- Deductions at source
- None recorded
- Net allocation
- ₦2,747,398,790
Novemberfrom October revenue₦2.33B−15.2% on the month before
What came in
- Value added tax (VAT)72.1%
- ₦1,679,057,792
- Statutory allocation20.8%
- ₦485,235,846
- Electronic transfer levy6.5%
- ₦150,476,527
- Ecological fund0.6%
- ₦14,557,075
- Gross allocation
- ₦2,329,327,241
What came off first
- Deductions at source
- None recorded
- Net allocation
- ₦2,329,327,241
Decemberfrom November revenue₦1.87B−19.8% on the month before
What came in
- Value added tax (VAT)65.9%
- ₦1,232,078,981
- Statutory allocation26.7%
- ₦498,402,373
- Electronic transfer levy6.6%
- ₦122,860,138
- Ecological fund0.8%
- ₦14,952,071
- Gross allocation
- ₦1,868,293,563
What came off first
- Deductions at source
- None recorded
- Net allocation
- ₦1,868,293,563
Check the source
About these figures
Source: monthly FAAC disbursement reports (net allocations to Ikorodu 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.