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Gashaka LGA · Taraba State · Federal allocation

Gashaka LGA FAAC Allocation 2024

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

Gashaka LGA in Taraba State received ₦1,618,752,322 (about ₦1.6B) in FAAC federal allocations across 4 recorded months of 2024. That is about ₦404.7M a month.

Net allocation · 4 months of 2024

4 months on record
₦1.62B

₦1,618,752,322

Highest · December

₦479.8M

Lowest · September

₦347.4M

Where the money came from

Share of gross allocation

Value added tax (VAT)₦518.8M 42.0%

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

Exchange rate gain₦491.7M 39.8%

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

Statutory allocation₦185.0M 15.0%

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

Ecological fund₦20.4M 1.7%

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

Electronic transfer levy₦15.5M 1.3%

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

Solid minerals revenue₦3.8M 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
₦1,235,229,207
Ecology transfer
− ₦20,412,854
Part of the ecological fund passed on to NDDC or HYPPADEC.
Net allocation
₦1,214,816,353

About ₦1.65 of every ₦100 was taken off before Gashaka’s share was set. Covers 3 of the 4 months on record.

Among Taraba’s councils

Gashaka’s 2024 total is the 6th largest of Taraba’s 16 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₦387.6MNo earlier month to compare

What came in

Value added tax (VAT)44.6%
₦175,433,849
Exchange rate gain42.4%
₦166,962,369
Statutory allocation9.0%
₦35,402,093
Ecological fund1.6%
₦6,184,399
Electronic transfer levy1.5%
₦5,974,204
Solid minerals revenue1.0%
₦3,782,166
Gross allocation
₦393,739,081

What came off first

Ecology transfer
− ₦6,184,399
Net allocation
₦387,554,683
Septemberfrom August revenue₦347.4M−10.3% on the month before

What came in

Value added tax (VAT)47.0%
₦165,748,935
Exchange rate gain37.9%
₦133,615,766
Statutory allocation12.3%
₦43,310,870
Ecological fund1.5%
₦5,307,799
Electronic transfer levy1.4%
₦4,770,278
Gross allocation
₦352,753,648

What came off first

Ecology transfer
− ₦5,307,799
Net allocation
₦347,445,849
Novemberfrom October revenue₦403.9MNo earlier month to compare

The imported figures for November do not add up to its total of ₦403,935,969, so only the total is shown. It needs checking against the official report.

Decemberfrom November revenue₦479.8M+18.8% on the month before

What came in

Exchange rate gain39.1%
₦191,115,997
Value added tax (VAT)36.4%
₦177,662,939
Statutory allocation21.7%
₦106,239,202
Ecological fund1.8%
₦8,920,656
Electronic transfer levy1.0%
₦4,797,683
Gross allocation
₦488,736,477

What came off first

Ecology transfer
− ₦8,920,656
Net allocation
₦479,815,821
Total4 months of 2024₦1,618,752,322

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 Gashaka 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.