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Bassa LGA · Plateau State · Federal allocation

Bassa LGA FAAC Allocation 2024

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

Bassa LGA in Plateau State received ₦1,726,097,613 (about ₦1.7B) in FAAC federal allocations across 4 recorded months of 2024. That is about ₦431.5M a month.

Net allocation · 4 months of 2024

4 months on record
₦1.73B

₦1,726,097,613

Highest · December

₦497.7M

Lowest · September

₦375.2M

Where the money came from

Share of gross allocation

Value added tax (VAT)₦656.8M 50.4%

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

Exchange rate gain₦439.5M 33.7%

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

Statutory allocation₦165.3M 12.7%

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

Electronic transfer levy₦20.9M 1.6%

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

Ecological fund₦18.2M 1.4%

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

Solid minerals revenue₦3.4M 0.3%

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
₦1,304,175,912
Ecology transfer
− ₦9,122,527
Part of the ecological fund passed on to NDDC or HYPPADEC.
Net allocation
₦1,295,053,384

About ₦0.70 of every ₦100 was taken off before Bassa’s share was set. Covers 3 of the 4 months on record.

Among Plateau’s councils

Bassa’s 2024 total is the 8th largest of Plateau’s 17 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₦422.2MNo earlier month to compare

What came in

Value added tax (VAT)53.4%
₦227,099,486
Exchange rate gain35.1%
₦149,231,342
Statutory allocation7.4%
₦31,642,471
Electronic transfer levy1.9%
₦8,044,132
Ecological fund1.3%
₦5,527,630
Solid minerals revenue0.8%
₦3,380,509
Gross allocation
₦424,925,569

What came off first

Ecology transfer
− ₦2,763,815
Net allocation
₦422,161,754
Septemberfrom August revenue₦375.2M−11.1% on the month before

What came in

Value added tax (VAT)55.2%
₦208,295,311
Exchange rate gain31.6%
₦119,426,073
Statutory allocation10.3%
₦38,711,353
Electronic transfer levy1.7%
₦6,373,521
Ecological fund1.3%
₦4,744,123
Gross allocation
₦377,550,381

What came off first

Ecology transfer
− ₦2,372,061
Net allocation
₦375,178,320
Novemberfrom October revenue₦431.0MNo earlier month to compare

The imported figures for November do not add up to its total of ₦431,044,229, so only the total is shown. It needs checking against the official report.

Decemberfrom November revenue₦497.7M+15.5% on the month before

What came in

Value added tax (VAT)44.1%
₦221,422,354
Exchange rate gain34.0%
₦170,819,909
Statutory allocation18.9%
₦94,956,838
Ecological fund1.6%
₦7,973,302
Electronic transfer levy1.3%
₦6,527,557
Gross allocation
₦501,699,961

What came off first

Ecology transfer
− ₦3,986,651
Net allocation
₦497,713,310
Total4 months of 2024₦1,726,097,613

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 Bassa 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.