Business

Lagos LGAs received highest FAAC revenue in first six months of 2024

The Nigeria Bureau of Statistics (NBS) data showed that all 774 local government areas (LGAs) across the 36 states and the federal capital territory (FCT) received a total net statutory allocation of N1.69 trillion from the federal account allocation committee (FAAC) in the first half of 2024.

Analysis of the data showed that all 20 LGAs in Lagos received more FAAC revenue compared to others.

Alimosho LGA received N11.13 billion, making it the highest FAAC recipient among the 774 local councils, according to the NBS.

Ajeromi/Ifelodun LGA followed with N8.90 billion, while Kosofe LGA received N8.80 billion in the first half of 2024.

Other top recipients include Mushin (N8.69 billion), Oshodi/Isolo (N8.66 billion), Ojo (N8.58 billion), Ikorodu (N8.41 billion), and Surulere (N8.24 billion).

The lowest earners include Ifedayo LGA in Osun state, which received N1.30 billion, followed by Ilejemeji in Ekiti which got N1.38 billion, and Bakassi in Cross River at N1.39 billion.

Others on the list are Remo north and Ewekoro in Ogun, with N1.42 billion and N1.43 billion allocations respectively; while Atakumosa east and Ila –both in Osun — got N1.43 billion each.

On July 11, 2024, the supreme court ruled that the federal government must directly disburse allocations to LGAs from the federation account.

The court criticised the practice of states creating and controlling caretaker committees, emphasising that LGAs should be democratically elected as required by the constitution.

The apex court also ordered the federal government to withhold allocations of LGAs governed by unelected officials appointed by governors.

Here are the top 35 LGAs in Nigeria by FAAC allocation in the first half of 2024.

S/N State LGA AREA Net statutory allocation
1 Lagos ALIMOSHO N11,125,569,058.06
2 Lagos AJEROMI/IFELODUN N8,904,728,579.89
3 Lagos KOSOFE N8,803,368,865.59
4 Lagos MUSHIN N8,693,172,825.22
5 Lagos OSHODI/ISOLO N8,655,276,499.40
6 Lagos OJO N8,575,594,528.96
7 Lagos IKORODU N8,414,325,544.95
8 Lagos SURULERE N8,238,506,999.04
9 Lagos AGEGE N8,080,824,853.54
10 Lagos IFAKO/IJAYE N7,964,424,656.85
11 Lagos SOMOLU N7,861,958,799.65
12 Lagos IKEJA N7,562,322,910.33
13 Lagos AMOWO-ODOFIN N7,548,291,846.14
14 Lagos LAGOS MAINLAND N7,537,561,759.80
15 Lagos ETI-OSA N7,524,930,309.64
16 Lagos BADAGRY N7,325,668,449.83
17 Lagos APAPA N7,176,937,789.60
18 Lagos LAGOS ISLAND N7,140,136,090.46
19 Lagos EPE N7,123,051,691.47
20 Lagos IBEJU-LEKKI N6,821,145,324.58
21 FCT Abuja ABUJA MUNICIPAL N6,294,647,971.10
22 Rivers PORT HARCOURT N4,432,519,769.65
23 FCT Abuja BWARI N4,289,385,337.67
24 Rivers OBIO/AKPOR N4,104,556,959.77
25 FCT Abuja GWAGWALADA N3,987,711,966.03
26 FCT Abuja KWALI N3,814,664,563.40
27 FCT Abuja KUJE N3,813,776,540.26
28 FCT Abuja ABAJI N3,602,765,765.03
29 Kano NASSARAWA N3,553,724,933.52
30 Rivers KHANA N3,513,494,113.36
31 Rivers OGBA/EGBEMA/NDONI N3,489,521,634.05
32 Rivers OBUA/ODUAL N3,478,140,399.80
33 Bauchi BAUCHI N3,419,144,260.39
34 Rivers ETCHE N3,406,781,729.40
35 Rivers AHOADA WEST N3,338,745,927.24