Since President Tinubu took office, Ondo State’s FAAC inflows have increased significantly due to subsidy removal, naira float, and higher revenues.
Key Figures:
2023: ≈ ₦114.77 billion (gross) to the State Government.
Jan – June 2025: ₦138.71 billion total to Ondo State + 18 LGAs (over ₦23 billion monthly average).
Recent trend: Monthly allocations often range ₦10–20+ billion (state + LGAs). Some LGAs got gross shares of ₦400m–₦644m in strong months.
Overall Estimate (mid-2023 to early 2026): State government share likely ₦450–650+ billion gross. Ondo ranks among top FAAC recipients nationally.
The state remains heavily FAAC-dependent, with a ₦524 billion 2026 budget signed for economic consolidation.
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