Edo State

18 local governments · 4.8m residents (NPC 2022 projection)

FAAC to the state government · 12 months
₦255.9bn
#12 of 36 · ₦53,560 per resident · ₦220.1bn after deductions
FAAC to its 18 LGs · 12 months
₦135.5bn
Average ₦7.5bn per council
Own revenue (IGR) · 2025
₦132.2bn
#7 of 37 · +45% vs 2024 · 63% of revenue from FAAC
Total debt · Q2 2026
₦698.2bn
₦214.9bn domestic + $350.4m external · ₦146,160 per resident

What reached the state government each month

Gross allocation split into what was actually paid and what was deducted at source (external-debt service, contractual obligations and other deductions). ₦25.8bn went straight to debt service over the last 12 months.

₦0₦7.5bn₦15.0bn₦22.5bn₦30.0bnSep ’24Dec ’24Mar ’25Jun ’25Sep ’25Dec ’25Mar ’26Jun ’26
Latest: Aug 2026. Source: OAGF Table III.

Local governments: who got what

Net FAAC allocation to each council over the last 12 months (Sep 2025–Aug 2026). Oredo received the most (₦10.0bn); Igueben the least (₦6.0bn). Click a council for its monthly record.

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₦6.0bn₦10.0bnno data· equal-count classes
Oredo
₦10.0bn
Ikpoba Okha
₦9.8bn
Egor
₦9.1bn
Akoko Edo
₦9.0bn
Etsako West
₦7.8bn
Orhionwon
₦7.8bn
Owan East
₦7.3bn
Etsako East
₦7.2bn
Uhunmwode
₦7.2bn
Esan West
₦6.5bn
Esan Central
₦6.3bn
Owan West
₦6.3bn
Igueben
₦6.0bn
₦0₦3.8bn₦7.5bn₦11.3bn₦15.0bnSep ’24Dec ’24Mar ’25Jun ’25Sep ’25Dec ’25Mar ’26Jun ’26
All councils combined, from OAGF’s LGC summary table.

Money the state raised itself

₦0₦38bn₦75bn₦113bn₦150bn2019202020212022202320242025
Source: NBS / Joint Revenue Board.

Where IGR came from, 2025

PAYE (income tax on salaries)
₦61.6bn
MDA fees & charges
₦47.7bn
Withholding tax
₦10.9bn
Other taxes & levies
₦5.3bn
Direct assessment
₦2.5bn
Road taxes
₦2.1bn
LGA revenue
₦2.1bn
Stamp duties
₦53.9m
Capital gains tax
₦31.1m

What the state owes

₦0₦63bn₦125bn₦188bn₦250bnQ3 2023Q1 2024Q3 2024Q1 2025Q3 2025Q1 2026
Source: DMO, quarterly.
External debtUSDNaira at CBN rate
31 Dec 2024$383.0m₦588.1bn
30 Jun 2025$337.8m₦516.6bn
31 Dec 2025$354.0m₦508.1bn
30 Jun 2026$350.4m₦483.3bn

External loans are mostly World Bank, AfDB and other multilateral facilities. A weaker naira raises the naira cost even when no new loan is taken.

What’s being reported about the money

Stories from Nigerian outlets that mention Edo alongside budgets, contracts, projects, loans or allocations.

Edo begins construction of two-storey general hospital
Punch Newspapers· 30 Oct 2026Projects
11 States Spend N21.83bn On Foreign Trips As Capital Projects Lag
The Whistler Newspaper· 29 Oct 2026Projects
Edo Govt Begins Rehabilitation Of Benin Moat
LEADERSHIP Newspapers· 27 Oct 2026Projects

Questions to ask

  1. Edo received ₦255.9bn in federal allocations in 12 months. Where is the 2026 budget performance report showing what it was spent on?
  2. Edo’s 18 councils were allocated ₦135.5bn. Is every council being paid directly, as the Supreme Court ordered in July 2024 — or through a state–LG joint account?
  3. Which capital projects in my LGA were funded this year, who are the contractors, and what has been paid?
  4. The state owes ₦698.2bn. What was each loan for, and what has it delivered?
  5. 63% of revenue comes from FAAC. What is the plan to raise more without overtaxing small traders?

Population 4,777,042 (NPC 2022 projection). Months are FAAC sharing months. Sources: OAGF, DMO, NBS. Methods.