Akure South LGA · Ondo State · Federal allocation
Akure South LGA FAAC Allocation 2025
What was shared to the council each month, where it came from, and what came off first.
Akure South LGA in Ondo State received ₦8,119,266,374 (about ₦8.1B) in FAAC federal allocations in 2025. That is about ₦676.6M a month.
Net allocation · Jan–Dec 2025
Full year₦8,119,266,374
+40.8% compared with the same 4 months of 2024 (4 of 12 months compared) · not adjusted for inflation
Highest · October
₦807.9MLowest · January
₦539.5MWhere 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.
The ₦50 charged on bank transfers of ₦10,000 or more.
Extra naira earned when dollar revenue is converted at a higher rate than planned.
A top-up added to the month’s pool from other federal revenue.
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.
What came off first
- Gross allocation
- ₦8,219,455,117
- Ecology transfer
- − ₦70,796,758
- Part of the ecological fund passed on to NDDC or HYPPADEC.
- Other deductions
- − ₦29,391,986
- Amounts the report shows as taken off, without saying what for.
- Net allocation
- ₦8,119,266,374
About ₦1.22 of every ₦100 was taken off before Akure South’s share was set.
Among Ondo’s councils
Akure South’s 2025 total is the 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
12 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 2024 revenue₦539.5M−11.0% on the month before
What came in
- Value added tax (VAT)55.5%
- ₦301,363,173
- Exchange rate gain21.2%
- ₦115,145,389
- Statutory allocation18.9%
- ₦102,656,549
- Electronic transfer levy3.2%
- ₦17,112,345
- Ecological fund1.2%
- ₦6,534,058
- Gross allocation
- ₦542,811,513
What came off first
- Ecology transfer
- − ₦3,267,029
- Net allocation
- ₦539,544,484
Februaryfrom January revenue₦643.5M+19.3% on the month before
What came in
- Value added tax (VAT)55.3%
- ₦357,842,232
- Statutory allocation32.5%
- ₦210,352,745
- Augmentation9.3%
- ₦60,042,493
- Electronic transfer levy1.7%
- ₦11,194,231
- Ecological fund1.3%
- ₦8,111,857
- Gross allocation
- ₦647,543,558
What came off first
- Ecology transfer
- − ₦4,055,929
- Net allocation
- ₦643,487,629
Marchfrom February revenue₦631.3M−1.9% on the month before
What came in
- Value added tax (VAT)50.2%
- ₦318,989,302
- Statutory allocation35.3%
- ₦224,219,201
- Augmentation9.0%
- ₦57,404,467
- Electronic transfer levy2.9%
- ₦18,386,596
- Ecological fund1.4%
- ₦8,686,233
- Solid minerals revenue1.2%
- ₦7,917,421
- Gross allocation
- ₦635,603,220
What came off first
- Ecology transfer
- − ₦4,343,116
- Net allocation
- ₦631,260,104
Aprilfrom March revenue₦585.2M−7.3% on the month before
What came in
- Value added tax (VAT)51.1%
- ₦300,920,721
- Statutory allocation43.9%
- ₦258,637,310
- Electronic transfer levy2.3%
- ₦13,403,376
- Exchange rate gain1.4%
- ₦8,204,532
- Ecological fund1.4%
- ₦8,005,255
- Gross allocation
- ₦589,171,194
What came off first
- Ecology transfer
- − ₦4,002,628
- Net allocation
- ₦585,168,567
Mayfrom April revenue₦611.6M+4.5% on the month before
What came in
- Value added tax (VAT)48.5%
- ₦298,891,792
- Statutory allocation42.9%
- ₦264,038,365
- Exchange rate gain3.8%
- ₦23,544,098
- Electronic transfer levy3.4%
- ₦20,779,331
- Ecological fund1.4%
- ₦8,627,474
- Gross allocation
- ₦615,881,059
What came off first
- Ecology transfer
- − ₦4,313,737
- Net allocation
- ₦611,567,322
Junefrom May revenue₦644.2M+5.3% on the month before
What came in
- Value added tax (VAT)55.9%
- ₦362,207,201
- Statutory allocation37.2%
- ₦240,904,256
- Exchange rate gain3.5%
- ₦22,392,744
- Electronic transfer levy2.3%
- ₦14,735,946
- Ecological fund1.2%
- ₦7,898,910
- Gross allocation
- ₦648,139,058
What came off first
- Ecology transfer
- − ₦3,949,455
- Net allocation
- ₦644,189,603
Julyfrom June revenue₦682.4M+5.9% on the month before
What came in
- Value added tax (VAT)47.6%
- ₦327,354,205
- Statutory allocation42.3%
- ₦290,452,491
- Augmentation4.7%
- ₦32,249,701
- Electronic transfer levy2.3%
- ₦15,569,420
- Exchange rate gain1.7%
- ₦11,721,545
- Ecological fund1.5%
- ₦10,032,712
- Gross allocation
- ₦687,380,074
What came off first
- Ecology transfer
- − ₦5,016,356
- Net allocation
- ₦682,363,718
Augustfrom July revenue₦742.7M+8.8% on the month before
What came in
- Statutory allocation50.2%
- ₦375,759,847
- Value added tax (VAT)44.0%
- ₦329,179,431
- Electronic transfer levy2.7%
- ₦19,964,523
- Exchange rate gain1.6%
- ₦11,964,681
- Ecological fund1.6%
- ₦11,631,736
- Gross allocation
- ₦748,500,218
What came off first
- Ecology transfer
- − ₦5,815,868
- Net allocation
- ₦742,684,350
Septemberfrom August revenue₦785.2M+5.7% on the month before
What came in
- Statutory allocation51.0%
- ₦419,014,298
- Value added tax (VAT)43.8%
- ₦360,009,987
- Electronic transfer levy2.1%
- ₦16,955,698
- Ecological fund1.6%
- ₦12,934,045
- Exchange rate gain1.5%
- ₦12,120,541
- Gross allocation
- ₦821,034,569
What came off first
- Other deductions
- − ₦29,391,986
- Ecology transfer
- − ₦6,467,023
- Net allocation
- ₦785,175,560
Octoberfrom September revenue₦807.9M+2.9% on the month before
What came in
- Value added tax (VAT)51.7%
- ₦420,078,253
- Statutory allocation43.8%
- ₦356,088,631
- Electronic transfer levy3.2%
- ₦26,364,155
- Ecological fund1.3%
- ₦10,682,659
- Gross allocation
- ₦813,213,698
What came off first
- Ecology transfer
- − ₦5,341,329
- Net allocation
- ₦807,872,368
Novemberfrom October revenue₦766.4M−5.1% on the month before
What came in
- Statutory allocation51.2%
- ₦398,333,886
- Value added tax (VAT)44.1%
- ₦343,180,853
- Electronic transfer levy3.2%
- ₦24,861,628
- Ecological fund1.5%
- ₦11,950,017
- Gross allocation
- ₦778,326,383
What came off first
- Ecology transfer
- − ₦11,950,017
- Net allocation
- ₦766,376,367
Decemberfrom November revenue₦679.6M−11.3% on the month before
What came in
- Statutory allocation59.1%
- ₦409,142,390
- Value added tax (VAT)36.1%
- ₦249,777,544
- Electronic transfer levy3.0%
- ₦20,656,368
- Ecological fund1.8%
- ₦12,274,272
- Gross allocation
- ₦691,850,573
What came off first
- Ecology transfer
- − ₦12,274,272
- Net allocation
- ₦679,576,301
Check the source
About these figures
Source: monthly FAAC disbursement reports (net allocations to Akure South 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.