Ogun State · Federal allocation
Ogun State FAAC Allocation 2024
What landed each month, where it came from, and what came off first.
Ogun State received ₦35,151,539,189 (about ₦35.2B) in FAAC federal allocations across 4 recorded months of 2024. That is about ₦8.79B a month.
Net allocation received · 4 months of 2024
4 months on record₦35,151,539,189
Highest · August
₦11.07BLowest · September
₦6.42BWhere the money came from
Share of gross allocation
The state’s share of the 7.5% tax paid on goods and services.
Extra naira earned when dollar revenue is converted at a higher rate than planned.
The state’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.
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. 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
- ₦46,067,248,487
- Deductions at source
- − ₦10,915,709,298
- Net received
- ₦35,151,539,189
About ₦23.70 of every ₦100 was taken off before Ogun was paid.
Local governments got their own
Ogun’s 20 local governments were allocated ₦31.94B 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 shareMonth by month
4 months on recordOpen a month to see what came in and what was deducted. The percentage is the change on the month before.
Augustfrom July revenue₦11.07BNo earlier month to compare
What came in
- Value added tax (VAT)58.4%
- ₦6,671,485,631
- Exchange rate gain29.2%
- ₦3,338,670,774
- Statutory allocation6.2%
- ₦707,919,600
- Solid minerals revenue2.7%
- ₦307,539,996
- Electronic transfer levy2.5%
- ₦284,385,837
- Ecological fund1.0%
- ₦114,153,802
- Gross allocation
- ₦11,424,155,641
What came off first
- Deductions at source
- − ₦351,594,376
- Net received
- ₦11,072,561,265
Septemberfrom August revenue₦6.42B−42.0% on the month before
What came in
- Value added tax (VAT)61.1%
- ₦6,079,691,168
- Exchange rate gain26.9%
- ₦2,671,853,869
- Statutory allocation8.7%
- ₦866,067,829
- Electronic transfer levy2.3%
- ₦226,869,040
- Ecological fund1.0%
- ₦97,973,216
- Gross allocation
- ₦9,942,455,123
What came off first
- Other deductions
- − ₦1,611,901,896
- External debt repayment
- − ₦1,406,692,480
- Standing payment orders (ISPO)
- − ₦500,000,000
- Net received
- ₦6,423,860,747
Novemberfrom October revenue₦8.15BNo earlier month to compare
The imported figures for November do not add up to its total of ₦8,152,544,456, so only the total is shown. It needs checking against the official report.
What came off first
- Gross allocation
- ₦11,679,470,626
- Other deductions
- − ₦1,620,233,690
- External debt repayment
- − ₦1,406,692,480
- Standing payment orders (ISPO)
- − ₦500,000,000
- Net received
- ₦8,152,544,456
Decemberfrom November revenue₦9.50B+16.6% on the month before
What came in
- Value added tax (VAT)51.4%
- ₦6,688,476,670
- Exchange rate gain29.3%
- ₦3,821,659,915
- Statutory allocation16.3%
- ₦2,124,417,140
- Electronic transfer levy1.7%
- ₦221,952,777
- Ecological fund1.3%
- ₦164,660,595
- Gross allocation
- ₦13,021,167,097
What came off first
- Other deductions
- − ₦1,611,901,896
- External debt repayment
- − ₦1,406,692,480
- Standing payment orders (ISPO)
- − ₦500,000,000
- Net received
- ₦9,502,572,721
Check the source
About these figures
Source: monthly FAAC disbursement reports (net allocations to Ogun 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.