Ikorodu LGA · Lagos State · Federal allocation
Ikorodu LGA FAAC Allocation 2026
What was shared to the council each month, where it came from, and what came off first.
Ikorodu LGA in Lagos State received ₦18,819,516,567 (about ₦18.8B) in FAAC federal allocations between January and July 2026. That is about ₦2.69B a month.
Net allocation · Jan–Jul 2026
7 months on record₦18,819,516,567
+35.3% compared with the same 7 months of 2025 · not adjusted for inflation
Highest · February
₦3.94BLowest · April
₦2.04BWhere 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.
A top-up added to the month’s pool from other federal revenue.
The ₦50 charged on bank transfers of ₦10,000 or more.
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
- ₦18,819,516,567
- Deductions at source
- None recorded
- Net allocation
- ₦18,819,516,567
Among Lagos’s councils
Ikorodu’s 2026 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
7 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 2025 revenue₦2.56B+36.9% on the month before
What came in
- Value added tax (VAT)79.9%
- ₦2,042,459,038
- Statutory allocation15.2%
- ₦388,384,610
- Electronic transfer levy4.5%
- ₦115,242,391
- Ecological fund0.5%
- ₦11,651,538
- Gross allocation
- ₦2,557,737,577
What came off first
- Deductions at source
- None recorded
- Net allocation
- ₦2,557,737,577
Februaryfrom January revenue₦3.94B+54.0% on the month before
What came in
- Value added tax (VAT)90.7%
- ₦3,571,066,190
- Statutory allocation8.0%
- ₦316,870,031
- Augmentation1.0%
- ₦39,285,412
- Ecological fund0.3%
- ₦10,684,663
- Gross allocation
- ₦3,937,906,297
What came off first
- Deductions at source
- None recorded
- Net allocation
- ₦3,937,906,297
Marchfrom February revenue₦2.14B−45.6% on the month before
What came in
- Value added tax (VAT)78.0%
- ₦1,672,311,941
- Statutory allocation21.3%
- ₦457,266,023
- Ecological fund0.6%
- ₦13,717,981
- Gross allocation
- ₦2,143,295,944
What came off first
- Deductions at source
- None recorded
- Net allocation
- ₦2,143,295,944
Aprilfrom March revenue₦2.04B−5.0% on the month before
What came in
- Value added tax (VAT)71.0%
- ₦1,445,633,011
- Statutory allocation23.2%
- ₦471,499,128
- Augmentation3.9%
- ₦78,570,824
- Solid minerals revenue1.1%
- ₦23,274,180
- Ecological fund0.8%
- ₦17,200,324
- Gross allocation
- ₦2,036,177,467
What came off first
- Deductions at source
- None recorded
- Net allocation
- ₦2,036,177,467
Mayfrom April revenue₦2.80B+37.7% on the month before
What came in
- Value added tax (VAT)80.5%
- ₦2,256,477,213
- Statutory allocation15.5%
- ₦433,229,879
- Augmentation3.5%
- ₦98,213,530
- Ecological fund0.6%
- ₦15,943,302
- Gross allocation
- ₦2,803,863,924
What came off first
- Deductions at source
- None recorded
- Net allocation
- ₦2,803,863,924
Junefrom May revenue₦2.67B−4.8% on the month before
What came in
- Value added tax (VAT)78.4%
- ₦2,094,669,356
- Statutory allocation20.9%
- ₦559,154,599
- Ecological fund0.6%
- ₦16,774,638
- Gross allocation
- ₦2,670,598,593
What came off first
- Deductions at source
- None recorded
- Net allocation
- ₦2,670,598,593
Julyfrom June revenue₦2.67B−0.0% on the month before
What came in
- Value added tax (VAT)71.8%
- ₦1,916,371,501
- Statutory allocation23.7%
- ₦633,403,230
- Augmentation3.7%
- ₦98,213,530
- Ecological fund0.8%
- ₦21,948,503
- Gross allocation
- ₦2,669,936,765
What came off first
- Deductions at source
- None recorded
- Net allocation
- ₦2,669,936,765
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.