25 Local Government Areas with the Highest FAAC Allocations in 8 Months

Lagos State Dominates the List of top ,25 LGAs with the highest allocation from the Federal Government. with Alimosho Local Government Leading In the period spanning January to August 2023, the Federation Accounts Allocation Committee (FAAC) disbursed funds to various Local Government Areas (LGAs) across the country. Recent statistics from Statisense reveal the top 25 LGAs that received the highest FAAC allocations during this period.

Topping the list is Alimosho LGA in Lagos State, which received an impressive ₦8.88 billion. This substantial allocation reflects the economic significance and population density of the area. Following closely behind is Abuja Municipal LGA in the Federal Capital Territory (FCT), with an allocation of ₦6.94 billion.

Lagos State continues to dominate the rankings, with Ajeromi/Ifelodun LGA securing the third position, receiving ₦6.73 billion. The top five LGAs also include Kosofe and Mushin, with allocations of ₦6.62 billion and ₦6.52 billion, respectively.

Other LGAs in Lagos State that made it to the top25 include Oshodi/Isolo, Ojo, Ikorodu, Surulere, Agege, Ifako/Ijaye, Somolu, Ikeja, Eti-Osa, Amowo-Odofin, Lagos Mainland, Badagry, Apapa, Epe, and Lagos Island. These LGAs received allocations ranging from ₦5.42 billion to ₦5.02 billion, highlighting the economic strength and development potential of Lagos State.

The Federal Capital Territory also had a strong presence on the list, with Bwari, Gwagwalada, Kwali, and Kuje LGAs receiving allocations ranging from ₦5.01 billion to ₦4.55 billion.

The FAAC allocations play a crucial role in enabling local governments to meet the needs of their communities, including infrastructure development, social welfare programs, and service delivery. These funds are vital for promoting economic growth and improving the quality of life for residents.

The consistent high FAAC allocations received by these LGAs demonstrate their effective utilization of resources and commitment to development. As the year progresses, it will be interesting to see how these funds are utilized to drive progress and prosperity in these localities.

In conclusion, the FAAC allocations for the period of January to August2023 have provided a glimpse into the financial landscape of various LGAs across the country. Lagos State has emerged as a frontrunner, with Alimosho LGA leading the pack. The allocations received by these LGAs will undoubtedly contribute to their growth and development, ultimately benefiting the residents and the nation as a whole.