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Ewekoro LGA · Ogun State · Federal allocation

Ewekoro LGA FAAC Allocation 2024

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

Ewekoro LGA in Ogun State received ₦1,181,035,205 (about ₦1.2B) in FAAC federal allocations across 4 recorded months of 2024. That is about ₦295.3M a month.

Net allocation · 4 months of 2024

4 months on record
₦1.18B

₦1,181,035,205

Highest · December

₦337.4M

Lowest · September

₦255.3M

Where the money came from

Share of gross allocation

Value added tax (VAT)₦479.9M 54.5%

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

Exchange rate gain₦267.6M 30.4%

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

Statutory allocation₦100.7M 11.4%

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

Electronic transfer levy₦19.5M 2.2%

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

Ecological fund₦11.1M 1.3%

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

Solid minerals revenue₦2.1M 0.2%

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
₦880,841,037
Deductions at source
None recorded
Net allocation
₦880,841,037

Covers 3 of the 4 months on record.

Among Ogun’s councils

Ewekoro’s 2024 total is the 19th largest of Ogun’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

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₦288.1MNo earlier month to compare

What came in

Value added tax (VAT)57.3%
₦164,958,517
Exchange rate gain31.5%
₦90,863,247
Statutory allocation6.7%
₦19,266,312
Electronic transfer levy2.6%
₦7,590,736
Ecological fund1.2%
₦3,365,636
Solid minerals revenue0.7%
₦2,058,308
Gross allocation
₦288,102,756

What came off first

Deductions at source
None recorded
Net allocation
₦288,102,756
Septemberfrom August revenue₦255.3M−11.4% on the month before

What came in

Value added tax (VAT)58.8%
₦150,102,603
Exchange rate gain28.5%
₦72,715,561
Statutory allocation9.2%
₦23,570,379
Electronic transfer levy2.4%
₦6,063,220
Ecological fund1.1%
₦2,888,578
Gross allocation
₦255,340,341

What came off first

Deductions at source
None recorded
Net allocation
₦255,340,341
Novemberfrom October revenue₦300.2MNo earlier month to compare

The imported figures for November do not add up to its total of ₦300,194,168, so only the total is shown. It needs checking against the official report.

Decemberfrom November revenue₦337.4M+12.4% on the month before

What came in

Value added tax (VAT)48.9%
₦164,824,316
Exchange rate gain30.8%
₦104,007,988
Statutory allocation17.1%
₦57,816,854
Electronic transfer levy1.7%
₦5,894,037
Ecological fund1.4%
₦4,854,745
Gross allocation
₦337,397,940

What came off first

Deductions at source
None recorded
Net allocation
₦337,397,940
Total4 months of 2024₦1,181,035,205

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 Ewekoro 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.