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Yorro LGA · Taraba State · Federal allocation

Yorro LGA FAAC Allocation 2024

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

Yorro LGA in Taraba State received ₦1,363,370,795 (about ₦1.4B) in FAAC federal allocations across 4 recorded months of 2024. That is about ₦340.8M a month.

Net allocation · 4 months of 2024

4 months on record
₦1.36B

₦1,363,370,795

Highest · December

₦393.7M

Lowest · September

₦296.4M

Where the money came from

Share of gross allocation

Value added tax (VAT)₦520.9M 50.4%

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

Exchange rate gain₦348.1M 33.7%

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

Statutory allocation₦130.9M 12.7%

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

Electronic transfer levy₦15.6M 1.5%

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

Ecological fund₦14.5M 1.4%

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

Solid minerals revenue₦2.7M 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
₦1,032,648,549
Ecology transfer
− ₦14,450,133
Part of the ecological fund passed on to NDDC or HYPPADEC.
Net allocation
₦1,018,198,416

About ₦1.40 of every ₦100 was taken off before Yorro’s share was set. Covers 3 of the 4 months on record.

Among Taraba’s councils

Yorro’s 2024 total is the 15th 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₦328.1MNo earlier month to compare

What came in

Value added tax (VAT)53.0%
₦176,145,417
Exchange rate gain35.6%
₦118,191,629
Statutory allocation7.5%
₦25,060,923
Electronic transfer levy1.8%
₦5,997,200
Ecological fund1.3%
₦4,377,898
Solid minerals revenue0.8%
₦2,677,372
Gross allocation
₦332,450,439

What came off first

Ecology transfer
− ₦4,377,898
Net allocation
₦328,072,541
Septemberfrom August revenue₦296.4M−9.6% on the month before

What came in

Value added tax (VAT)55.4%
₦166,401,345
Exchange rate gain31.5%
₦94,585,775
Statutory allocation10.2%
₦30,659,497
Electronic transfer levy1.6%
₦4,788,629
Ecological fund1.3%
₦3,757,358
Gross allocation
₦300,192,604

What came off first

Ecology transfer
− ₦3,757,358
Net allocation
₦296,435,245
Novemberfrom October revenue₦345.2MNo earlier month to compare

The imported figures for November do not add up to its total of ₦345,172,379, so only the total is shown. It needs checking against the official report.

Decemberfrom November revenue₦393.7M+14.1% on the month before

What came in

Value added tax (VAT)44.6%
₦178,378,652
Exchange rate gain33.8%
₦135,289,833
Statutory allocation18.8%
₦75,206,075
Ecological fund1.6%
₦6,314,877
Electronic transfer levy1.2%
₦4,816,069
Gross allocation
₦400,005,507

What came off first

Ecology transfer
− ₦6,314,877
Net allocation
₦393,690,629
Total4 months of 2024₦1,363,370,795

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 Yorro 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.