Rivers State · Federal allocation
Rivers State FAAC Allocation 2024
What landed each month, where it came from, and what came off first.
Rivers State received ₦169,910,686,119 (about ₦169.9B) in FAAC federal allocations across 4 recorded months of 2024. That is about ₦42.48B a month.
Net allocation received · 4 months of 2024
4 months on record₦169,910,686,119
Highest · December
₦56.23BLowest · September
₦32.87BWhere the money came from
Share of gross allocation
The state’s share of the 7.5% tax paid on goods and services.
The state’s share of the Federation Account: oil and gas income, company taxes and customs duties.
Extra naira earned when dollar revenue is converted at a higher rate than planned.
The ₦50 charged on bank transfers of ₦10,000 or more.
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. The statutory allocation includes ₦41.51B in 13% derivation, paid to states that produce oil. 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.
Before the money arrived
- Gross allocation
- ₦189,715,182,726
- External debt repayment
- − ₦14,265,685,961
- Repayments on the state’s foreign loans, taken before the money is paid out.
- Other deductions
- − ₦5,254,601,564
- Amounts the report shows as taken off, without saying what for.
- Ecology transfer
- − ₦284,209,081
- Part of the ecological fund passed on to NDDC or HYPPADEC.
- Net received
- ₦169,910,686,119
About ₦10.44 of every ₦100 was taken off before Rivers was paid.
Local governments got their own
Rivers’s 23 local governments were allocated ₦64.80B in 2024, across 4 months on record.
That money is separate. It is not part of the state’s figure on this page.
See each local government’s shareMonth by month
4 months on recordOpen a month to see what came in and what was deducted. The percentage is the change on the month before.
Augustfrom July revenue₦36.25BNo earlier month to compare
What came in
- Value added tax (VAT)39.9%
- ₦16,428,473,831
- Exchange rate gain33.7%
- ₦13,868,765,288
- Statutory allocation25.0%
- ₦10,316,855,363
- Electronic transfer levy0.8%
- ₦328,445,361
- Ecological fund0.3%
- ₦132,512,435
- Solid minerals revenue0.3%
- ₦116,936,159
- Gross allocation
- ₦41,191,988,438
The statutory allocation includes ₦9,495,085,538 in 13% derivation.
What came off first
- External debt repayment
- − ₦3,566,421,490
- Other deductions
- − ₦1,311,232,455
- Ecology transfer
- − ₦66,256,218
- Net received
- ₦36,248,078,275
Septemberfrom August revenue₦32.87B−9.3% on the month before
What came in
- Value added tax (VAT)41.1%
- ₦15,544,415,689
- Exchange rate gain30.2%
- ₦11,426,791,415
- Statutory allocation27.7%
- ₦10,454,033,895
- Electronic transfer levy0.7%
- ₦261,238,907
- Ecological fund0.3%
- ₦113,729,628
- Gross allocation
- ₦37,800,209,534
The statutory allocation includes ₦9,448,681,864 in 13% derivation.
What came off first
- External debt repayment
- − ₦3,566,421,490
- Other deductions
- − ₦1,311,232,455
- Ecology transfer
- − ₦56,864,814
- Net received
- ₦32,865,690,774
Novemberfrom October revenue₦44.57BNo earlier month to compare
The imported figures for November do not add up to its total of ₦44,565,695,978, so only the total is shown. It needs checking against the official report.
What came off first
- Gross allocation
- ₦49,518,538,759
- External debt repayment
- − ₦3,566,421,490
- Other deductions
- − ₦1,320,904,199
- Ecology transfer
- − ₦65,517,092
- Net received
- ₦44,565,695,978
Decemberfrom November revenue₦56.23B+26.2% on the month before
What came in
- Statutory allocation40.9%
- ₦25,028,437,106
- Value added tax (VAT)29.8%
- ₦18,258,168,953
- Exchange rate gain28.5%
- ₦17,464,419,728
- Electronic transfer levy0.4%
- ₦262,278,293
- Ecological fund0.3%
- ₦191,141,916
- Gross allocation
- ₦61,204,445,995
The statutory allocation includes ₦22,562,363,414 in 13% derivation.
What came off first
- External debt repayment
- − ₦3,566,421,490
- Other deductions
- − ₦1,311,232,455
- Ecology transfer
- − ₦95,570,958
- Net received
- ₦56,231,221,092
Check the source
About these figures
Source: monthly FAAC disbursement reports (net allocations to Rivers State), 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.
Local governments’ allocations are separate and are not in the state’s total. An allocation is income: it does not show how the money was spent.