Akure South LGA, Ondo State

As the host of Akure, the Ondo State capital, Akure South LGA is one of the most prominent local governments in the state. Established in 1976, the LGA covers an area of 260.5 square kilometers. . Its population, recorded as 353,211 in 2006 , is projected to reach 553,400 by 2022, resulting in a population density of 2,125 people per square kilometer. Akure South boasts a diversified economy, with agriculture, commerce, and administrative activities forming its backbone. The city of Akure serves as a major economic and administrative hub in the South-West region of Nigeria. The LGA is also home to numerous educational institutions, including the Federal University of Technology, Akure (FUTA). Akure South is known for its traditional festivals, such as the Ulefunta Festival, which attracts visitors from far and wide. Its central location and extensive infrastructure make it a focal point for tourism, commerce, and governance in Ondo State.

FAAC Statutory Allocation Ledger
Cumulative FAAC Allocation (1999 - 2026)
NGN 60,613,037,502.36
Current Year Funding
16.7% DISBURSED
FISCAL MONTH
NET ALLOCATION
VARIANCE
February 2026
NGN 640,914,651.45
-15.1%
January 2026
NGN 755,081,905.43
-2.4%
December 2025
NGN 773,752,708.18
+13.9%
November 2025
NGN 679,576,301.49
-11.3%
October 2025
NGN 766,376,366.83
-5.1%
September 2025
NGN 807,872,368.28
+0.0%

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