FAAC: Five States Collect N317.5bn as Allocation, Exceed 20 Others Combined

A stark disparity in federally distributed revenues among Nigeria's 36 states has been highlighted by an analysis of May 2026 Federation Account allocations. The five states with the highest allocations collectively received N317.47 billion, surpassing the combined N310.13 billion distributed to the 20 states with the lowest allocations.

Rivers State led the beneficiaries with a net allocation of N70.32 billion, followed by Delta (N66.44 billion), Akwa Ibom (N62.09 billion), Lagos (N60.35 billion), and Bayelsa (N58.28 billion). This concentration of revenue among a few states underscores the significant imbalance in resource distribution across the nation.

The analysis, based on figures from the Office of the Accountant General of the Federation (OAGF), reveals that the top five states received N7.34 billion more than the 20 lowest-collecting states combined. The states receiving the least included Ekiti, Cross River, Gombe, Ogun, and Kwara, whose combined total was only N68.65 billion – approximately 4.6 times less than the amount received by the top five.

This significant concentration of revenue is largely attributed to specific components of the Federation Account allocation. Oil-producing states, such as Delta, Akwa Ibom, and Bayelsa, benefit substantially from the 13 percent derivation revenue. Rivers also receives a significant portion from derivation. Lagos, while not receiving the 13 percent derivation, ranks high due to its substantial Value Added Tax (VAT) allocation, which contributed significantly to its total net allocation.

The figures demonstrate how different revenue streams, particularly derivation and VAT, can dramatically alter a state's position in the allocation table. While statutory allocations show less variation, these specific components create a pronounced divergence in the financial resources available to different states.