Economy

Lagos LGAs received highest FAAC revenue in H1 2024

Data from the Nigeria Bureau of Statistics (NBS) shows 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.

TheCable Index’s 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.

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