Lagos Island LGA · Lagos State · Federal allocation
Lagos Island LGA FAAC Allocation 2026
What was shared to the council each month, where it came from, and what came off first.
Lagos Island LGA in Lagos State received ₦16,352,060,660 (about ₦16.4B) in FAAC federal allocations between January and July 2026. That is about ₦2.34B a month.
Net allocation · Jan–Jul 2026
7 months on record₦16,352,060,660
+39.0% compared with the same 7 months of 2025 · not adjusted for inflation
Highest · February
₦3.62BLowest · April
₦1.71BWhere 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
- ₦16,352,060,660
- Deductions at source
- None recorded
- Net allocation
- ₦16,352,060,660
Among Lagos’s councils
Lagos Island’s 2026 total is the 19th 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₦2.17B+42.5% on the month before
What came in
- Value added tax (VAT)84.4%
- ₦1,835,333,375
- Statutory allocation10.4%
- ₦226,203,954
- Electronic transfer levy4.9%
- ₦105,917,499
- Ecological fund0.3%
- ₦6,786,119
- Gross allocation
- ₦2,174,240,947
What came off first
- Deductions at source
- None recorded
- Net allocation
- ₦2,174,240,947
Februaryfrom January revenue₦3.62B+66.5% on the month before
What came in
- Value added tax (VAT)94.1%
- ₦3,407,418,567
- Statutory allocation5.1%
- ₦184,552,251
- Augmentation0.6%
- ₦22,880,710
- Ecological fund0.2%
- ₦6,222,989
- Gross allocation
- ₦3,621,074,516
What came off first
- Deductions at source
- None recorded
- Net allocation
- ₦3,621,074,516
Marchfrom February revenue₦1.85B−49.0% on the month before
What came in
- Value added tax (VAT)85.1%
- ₦1,571,320,169
- Statutory allocation14.4%
- ₦266,322,041
- Ecological fund0.4%
- ₦7,989,661
- Gross allocation
- ₦1,845,631,872
What came off first
- Deductions at source
- None recorded
- Net allocation
- ₦1,845,631,872
Aprilfrom March revenue₦1.71B−7.6% on the month before
What came in
- Value added tax (VAT)79.8%
- ₦1,361,561,597
- Statutory allocation16.1%
- ₦274,611,723
- Augmentation2.7%
- ₦45,761,419
- Solid minerals revenue0.8%
- ₦13,555,407
- Ecological fund0.6%
- ₦10,017,856
- Gross allocation
- ₦1,705,508,003
What came off first
- Deductions at source
- None recorded
- Net allocation
- ₦1,705,508,003
Mayfrom April revenue₦2.45B+43.9% on the month before
What came in
- Value added tax (VAT)87.0%
- ₦2,134,610,744
- Statutory allocation10.3%
- ₦252,322,849
- Augmentation2.3%
- ₦57,201,774
- Ecological fund0.4%
- ₦9,285,739
- Gross allocation
- ₦2,453,421,106
What came off first
- Deductions at source
- None recorded
- Net allocation
- ₦2,453,421,106
Junefrom May revenue₦2.32B−5.5% on the month before
What came in
- Value added tax (VAT)85.5%
- ₦1,982,313,490
- Statutory allocation14.1%
- ₦325,664,246
- Ecological fund0.4%
- ₦9,769,927
- Gross allocation
- ₦2,317,747,663
What came off first
- Deductions at source
- None recorded
- Net allocation
- ₦2,317,747,663
Julyfrom June revenue₦2.23B−3.6% on the month before
What came in
- Value added tax (VAT)80.4%
- ₦1,795,543,154
- Statutory allocation16.5%
- ₦368,908,323
- Augmentation2.6%
- ₦57,201,774
- Ecological fund0.6%
- ₦12,783,303
- Gross allocation
- ₦2,234,436,554
What came off first
- Deductions at source
- None recorded
- Net allocation
- ₦2,234,436,554
Check the source
About these figures
Source: monthly FAAC disbursement reports (net allocations to Lagos Island 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.