Iwo LGA · Osun State · Federal allocation
Iwo LGA FAAC Allocation 2026
What was shared to the council each month, where it came from, and what came off first.
Iwo LGA in Osun State received ₦4,050,822,228 (about ₦4.1B) in FAAC federal allocations between January and July 2026. That is about ₦578.7M a month.
Net allocation · Jan–Jul 2026
7 months on record₦4,050,822,228
+24.7% compared with the same 7 months of 2025 · not adjusted for inflation
Highest · July
₦709.3MLowest · March
₦496.5MWhere the money came from
Share of gross allocation
The council’s share of the Federation Account: oil and gas income, company taxes and customs duties.
The council’s share of the 7.5% tax paid on goods and services.
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
- ₦4,050,822,228
- Deductions at source
- None recorded
- Net allocation
- ₦4,050,822,228
Among Osun’s councils
Iwo’s 2026 total is the 3rd largest of Osun’s 30 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₦578.0M+12.6% on the month before
What came in
- Value added tax (VAT)54.9%
- ₦317,432,987
- Statutory allocation41.3%
- ₦238,682,300
- Electronic transfer levy2.6%
- ₦14,753,958
- Ecological fund1.2%
- ₦7,160,469
- Gross allocation
- ₦578,029,714
What came off first
- Deductions at source
- None recorded
- Net allocation
- ₦578,029,714
Februaryfrom January revenue₦557.1M−3.6% on the month before
What came in
- Value added tax (VAT)59.5%
- ₦331,665,820
- Statutory allocation35.0%
- ₦194,732,917
- Augmentation4.3%
- ₦24,142,904
- Ecological fund1.2%
- ₦6,566,275
- Gross allocation
- ₦557,107,916
What came off first
- Deductions at source
- None recorded
- Net allocation
- ₦557,107,916
Marchfrom February revenue₦496.5M−10.9% on the month before
What came in
- Statutory allocation56.6%
- ₦281,013,467
- Value added tax (VAT)41.7%
- ₦207,013,710
- Ecological fund1.7%
- ₦8,430,404
- Gross allocation
- ₦496,457,581
What came off first
- Deductions at source
- None recorded
- Net allocation
- ₦496,457,581
Aprilfrom March revenue₦534.9M+7.7% on the month before
What came in
- Statutory allocation54.2%
- ₦289,760,442
- Value added tax (VAT)32.2%
- ₦171,990,985
- Augmentation9.0%
- ₦48,285,809
- Solid minerals revenue2.7%
- ₦14,303,179
- Ecological fund2.0%
- ₦10,570,483
- Gross allocation
- ₦534,910,899
What came off first
- Deductions at source
- None recorded
- Net allocation
- ₦534,910,899
Mayfrom April revenue₦594.8M+11.2% on the month before
What came in
- Statutory allocation44.8%
- ₦266,242,022
- Value added tax (VAT)43.4%
- ₦258,452,646
- Augmentation10.1%
- ₦60,357,261
- Ecological fund1.6%
- ₦9,797,978
- Gross allocation
- ₦594,849,907
What came off first
- Deductions at source
- None recorded
- Net allocation
- ₦594,849,907
Junefrom May revenue₦580.2M−2.5% on the month before
What came in
- Statutory allocation59.2%
- ₦343,629,233
- Value added tax (VAT)39.0%
- ₦226,270,582
- Ecological fund1.8%
- ₦10,308,877
- Gross allocation
- ₦580,208,692
What came off first
- Deductions at source
- None recorded
- Net allocation
- ₦580,208,692
Julyfrom June revenue₦709.3M+22.2% on the month before
What came in
- Statutory allocation54.9%
- ₦389,258,832
- Value added tax (VAT)34.7%
- ₦246,152,943
- Augmentation8.5%
- ₦60,357,261
- Ecological fund1.9%
- ₦13,488,483
- Gross allocation
- ₦709,257,519
What came off first
- Deductions at source
- None recorded
- Net allocation
- ₦709,257,519
Check the source
About these figures
Source: monthly FAAC disbursement reports (net allocations to Iwo 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.