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Nasarawa State · Federal allocation

Nasarawa State FAAC Allocation 2024

What landed each month, where it came from, and what came off first.

Nasarawa State received ₦38,111,608,004 (about ₦38.1B) in FAAC federal allocations across 4 recorded months of 2024. That is about ₦9.53B a month.

Net allocation received · 4 months of 2024

4 months on record
₦38.11B

₦38,111,608,004

Highest · December

₦11.05B

Lowest · September

₦8.13B

Where the money came from

Share of gross allocation

Value added tax (VAT)₦15.88B 52.3%

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

Exchange rate gain₦9.76B 32.1%

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

Statutory allocation₦3.67B 12.1%

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

Electronic transfer levy₦495.9M 1.6%

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

Ecological fund₦374.0M 1.2%

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

Solid minerals revenue₦208.8M 0.7%

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.

Before the money arrived

Gross allocation
₦40,529,147,553
External debt repayment
− ₦1,842,938,820
Repayments on the state’s foreign loans, taken before the money is paid out.
Ecology transfer
− ₦487,209,555
Part of the ecological fund passed on to NDDC or HYPPADEC.
Other deductions
− ₦87,391,173
Amounts the report shows as taken off, without saying what for.
Net received
₦38,111,608,004

About ₦5.96 of every ₦100 was taken off before Nasarawa was paid.

Local governments got their own

Nasarawa’s 13 local governments were allocated ₦20.92B in 2024, across 4 months on record.

That money is separate. It is not part of the state’s figure on this page.

See each local government’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₦9.37BNo earlier month to compare

What came in

Value added tax (VAT)54.6%
₦5,457,797,929
Exchange rate gain33.2%
₦3,314,057,265
Statutory allocation7.0%
₦702,700,641
Solid minerals revenue2.1%
₦208,771,427
Electronic transfer levy1.9%
₦190,681,944
Ecological fund1.1%
₦113,312,232
Gross allocation
₦9,987,321,438

What came off first

External debt repayment
− ₦460,734,705
Ecology transfer
− ₦113,312,232
Other deductions
− ₦39,560,402
Net received
₦9,373,714,099
Septemberfrom August revenue₦8.13B−13.2% on the month before

What came in

Value added tax (VAT)56.9%
₦4,968,605,780
Exchange rate gain30.4%
₦2,652,156,300
Statutory allocation9.8%
₦859,682,962
Electronic transfer levy1.7%
₦152,635,479
Ecological fund1.1%
₦97,250,933
Gross allocation
₦8,730,331,453

What came off first

External debt repayment
− ₦460,734,705
Ecology transfer
− ₦97,250,933
Other deductions
− ₦39,560,402
Net received
₦8,132,785,413
Novemberfrom October revenue₦9.56BNo earlier month to compare

The imported figures for November do not add up to its total of ₦9,556,006,515, so only the total is shown. It needs checking against the official report.

What came off first

Gross allocation
₦10,138,211,303
External debt repayment
− ₦460,734,705
Ecology transfer
− ₦113,199,713
Other deductions
− ₦8,270,370
Net received
₦9,556,006,515
Decemberfrom November revenue₦11.05B+15.6% on the month before

What came in

Value added tax (VAT)46.7%
₦5,454,970,093
Exchange rate gain32.5%
₦3,793,485,690
Statutory allocation18.1%
₦2,108,755,410
Ecological fund1.4%
₦163,446,677
Electronic transfer levy1.3%
₦152,625,489
Gross allocation
₦11,673,283,358

What came off first

External debt repayment
− ₦460,734,705
Ecology transfer
− ₦163,446,677
Net received
₦11,049,101,976
Total4 months of 2024₦38,111,608,004

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 Nasarawa State), 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.

Local governments’ allocations are separate and are not in the state’s total. An allocation is income: it does not show how the money was spent.