Akure North LGA · Ondo State · Federal allocation
Akure North LGA FAAC Allocation 2026
What was shared to the council each month, where it came from, and what came off first.
Akure North LGA in Ondo State received ₦3,718,178,652 (about ₦3.7B) in FAAC federal allocations between January and July 2026. That is about ₦531.2M a month.
Net allocation · Jan–Jul 2026
7 months on record₦3,718,178,652
+29.1% compared with the same 7 months of 2025 · not adjusted for inflation
Highest · July
₦667.2MLowest · March
₦441.2MWhere 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.
Money set aside for erosion, flooding and other environmental problems.
The ₦50 charged on bank transfers of ₦10,000 or more.
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
- ₦3,775,827,777
- Ecology transfer
- − ₦57,649,125
- Part of the ecological fund passed on to NDDC or HYPPADEC.
- Net allocation
- ₦3,718,178,652
About ₦1.53 of every ₦100 was taken off before Akure North’s share was set.
Among Ondo’s councils
Akure North’s 2026 total is the 16th largest of Ondo’s 18 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₦515.3M+14.7% on the month before
What came in
- Value added tax (VAT)56.4%
- ₦294,143,654
- Statutory allocation39.8%
- ₦207,466,975
- Electronic transfer levy2.6%
- ₦13,714,012
- Ecological fund1.2%
- ₦6,224,009
- Gross allocation
- ₦521,548,650
What came off first
- Ecology transfer
- − ₦6,224,009
- Net allocation
- ₦515,324,641
Februaryfrom January revenue₦541.8M+5.1% on the month before
What came in
- Value added tax (VAT)64.2%
- ₦351,520,931
- Statutory allocation30.9%
- ₦169,265,375
- Augmentation3.8%
- ₦20,985,449
- Ecological fund1.0%
- ₦5,707,525
- Gross allocation
- ₦547,479,280
What came off first
- Ecology transfer
- − ₦5,707,525
- Net allocation
- ₦541,771,755
Marchfrom February revenue₦441.2M−18.6% on the month before
What came in
- Statutory allocation54.5%
- ₦244,261,991
- Value added tax (VAT)43.9%
- ₦196,922,664
- Ecological fund1.6%
- ₦7,327,860
- Gross allocation
- ₦448,512,515
What came off first
- Ecology transfer
- − ₦7,327,860
- Net allocation
- ₦441,184,656
Aprilfrom March revenue₦472.0M+7.0% on the month before
What came in
- Statutory allocation52.3%
- ₦251,865,020
- Value added tax (VAT)34.4%
- ₦165,715,750
- Augmentation8.7%
- ₦41,970,899
- Solid minerals revenue2.6%
- ₦12,432,582
- Ecological fund1.9%
- ₦9,188,055
- Gross allocation
- ₦481,172,306
What came off first
- Ecology transfer
- − ₦9,188,055
- Net allocation
- ₦471,984,251
Mayfrom April revenue₦539.6M+14.3% on the month before
What came in
- Value added tax (VAT)46.7%
- ₦255,682,446
- Statutory allocation42.2%
- ₦231,422,384
- Augmentation9.6%
- ₦52,463,624
- Ecological fund1.6%
- ₦8,516,580
- Gross allocation
- ₦548,085,033
What came off first
- Ecology transfer
- − ₦8,516,580
- Net allocation
- ₦539,568,453
Junefrom May revenue₦541.2M+0.3% on the month before
What came in
- Statutory allocation54.3%
- ₦298,688,748
- Value added tax (VAT)44.1%
- ₦242,463,539
- Ecological fund1.6%
- ₦8,960,662
- Gross allocation
- ₦550,112,950
What came off first
- Ecology transfer
- − ₦8,960,662
- Net allocation
- ₦541,152,287
Julyfrom June revenue₦667.2M+23.3% on the month before
What came in
- Statutory allocation49.8%
- ₦338,350,821
- Value added tax (VAT)40.7%
- ₦276,378,165
- Augmentation7.7%
- ₦52,463,624
- Ecological fund1.7%
- ₦11,724,433
- Gross allocation
- ₦678,917,043
What came off first
- Ecology transfer
- − ₦11,724,433
- Net allocation
- ₦667,192,610
Check the source
About these figures
Source: monthly FAAC disbursement reports (net allocations to Akure North 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.