Ondo State
18 local governments · 5.3m residents (NPC 2022 projection)
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). ₦4.7bn went straight to debt service over the last 12 months.
Local governments: who got what
Net FAAC allocation to each council over the last 12 months (Sep 2025–Aug 2026). Akure South received the most (₦9.4bn); Ondo East the least (₦5.7bn). Click a council for its monthly record.
What the state owes
| External debt | USD | Naira at CBN rate |
|---|---|---|
| 31 Dec 2024 | $75.8m | ₦116.4bn |
| 30 Jun 2025 | $77.8m | ₦119.0bn |
| 31 Dec 2025 | $84.1m | ₦120.7bn |
| 30 Jun 2026 | $132.9m | ₦183.3bn |
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 Ondo alongside budgets, contracts, projects, loans or allocations.
Questions to ask
- Ondo received ₦256.5bn in federal allocations in 12 months. Where is the 2026 budget performance report showing what it was spent on?
- Ondo’s 18 councils were allocated ₦133.6bn. Is every council being paid directly, as the Supreme Court ordered in July 2024 — or through a state–LG joint account?
- Which capital projects in my LGA were funded this year, who are the contractors, and what has been paid?
- The state owes ₦189.4bn. What was each loan for, and what has it delivered?
- 78% of revenue comes from FAAC. What is the plan to raise more without overtaxing small traders?
Population 5,316,603 (NPC 2022 projection). Months are FAAC sharing months. Sources: OAGF, DMO, NBS. Methods.