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Gbako LGA · Niger State · Federal allocation

Gbako LGA FAAC Allocation 2024

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

Gbako LGA in Niger State received ₦1,485,434,670 (about ₦1.5B) in FAAC federal allocations across 4 recorded months of 2024. That is about ₦371.4M a month.

Net allocation · 4 months of 2024

4 months on record
₦1.49B

₦1,485,434,670

Highest · December

₦421.5M

Lowest · September

₦316.2M

Where the money came from

Share of gross allocation

Value added tax (VAT)₦567.2M 51.3%

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

Exchange rate gain₦364.8M 33.0%

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

Statutory allocation₦137.2M 12.4%

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

Electronic transfer levy₦17.6M 1.6%

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

Ecological fund₦15.1M 1.4%

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

Solid minerals revenue₦2.8M 0.3%

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
₦1,104,765,591
Ecology transfer
− ₦7,572,669
Part of the ecological fund passed on to NDDC or HYPPADEC.
Net allocation
₦1,097,192,922

About ₦0.69 of every ₦100 was taken off before Gbako’s share was set. Covers 3 of the 4 months on record.

Among Niger’s councils

Gbako’s 2024 total is the 18th largest of Niger’s 25 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₦359.5MNo earlier month to compare

What came in

Value added tax (VAT)54.6%
₦197,498,239
Exchange rate gain34.2%
₦123,877,908
Statutory allocation7.3%
₦26,266,621
Electronic transfer levy1.9%
₦6,765,736
Ecological fund1.3%
₦4,588,521
Solid minerals revenue0.8%
₦2,806,182
Gross allocation
₦361,803,207

What came off first

Ecology transfer
− ₦2,294,261
Net allocation
₦359,508,947
Septemberfrom August revenue₦316.2M−12.0% on the month before

What came in

Value added tax (VAT)55.8%
₦177,579,990
Exchange rate gain31.2%
₦99,136,360
Statutory allocation10.1%
₦32,134,546
Electronic transfer levy1.7%
₦5,411,761
Ecological fund1.2%
₦3,938,127
Gross allocation
₦318,200,784

What came off first

Ecology transfer
− ₦1,969,064
Net allocation
₦316,231,721
Novemberfrom October revenue₦388.2MNo earlier month to compare

The imported figures for November do not add up to its total of ₦388,241,749, so only the total is shown. It needs checking against the official report.

Decemberfrom November revenue₦421.5M+8.6% on the month before

What came in

Value added tax (VAT)45.2%
₦192,113,449
Exchange rate gain33.4%
₦141,798,718
Statutory allocation18.6%
₦78,824,289
Ecological fund1.6%
₦6,618,690
Electronic transfer levy1.3%
₦5,406,453
Gross allocation
₦424,761,599

What came off first

Ecology transfer
− ₦3,309,345
Net allocation
₦421,452,254
Total4 months of 2024₦1,485,434,670

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 Gbako 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.