Oye LGA, Ekiti State

Oye Local Government Area (LGA), part of the Ekiti North Senatorial District in Ekiti State, Nigeria, was established on May 17, 1989, following its separation from the former Ekiti North LGA . Covering an expansive 579.4 square kilometres, Oye LGA had an estimated population of 206,300 in 2022, with a population density of 356 people per square kilometre, up from 137,796 in 2006. Trade plays a central role in Oye’s economy, supported by bustling marketplaces such as Menara Market, where locals buy and sell a diverse range of goods. Alongside trade, the economy thrives on agriculture, with many residents engaged in farming, food processing, and crafts. Traditional skills, including textile weaving and wood carving, are also prevalent, showcasing the community’s rich cultural heritage. Oye LGA is also home to the Federal University Oye Ekiti, a major institution that draws students and faculty from across Nigeria, contributing to both the educational development and economic activity of the area. The LGA’s postal code is 371 and the geo-coordinates are 7°47′58″N 5°19′42″E.

FAAC Statutory Allocation Ledger
Cumulative FAAC Allocation (1999 - 2026)
NGN 41,565,369,628.84
Current Year Funding
16.7% DISBURSED
FISCAL MONTH
NET ALLOCATION
VARIANCE
February 2026
NGN 455,993,119.44
-11.2%
January 2026
NGN 513,561,694.65
-5.5%
December 2025
NGN 543,621,910.41
+17.9%
November 2025
NGN 460,945,914.77
-14.7%
October 2025
NGN 540,467,865.50
-0.5%
September 2025
NGN 543,067,106.82
+0.0%

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