Nigerian states with the largest increase in FAAC allocations

Key Takeaways

Nigeria's 36 states received a combined ₦4.14 trillion in FAAC allocations in Jan-May 2026, up ₦735.4 billion (21.6%) from a year earlier.
Thirty-five states received higher allocations than a year earlier, while Rivers was the only state to record a decline (₦7.15 billion).
Lagos recorded the largest increase in FAAC allocations (₦119.5 billion), more than three times the increase recorded by Oyo (₦38.3 billion).
Oyo, Kano, Borno, and Jigawa rounded out the top five states with the largest increases in FAAC allocations.

Gross FAAC allocations to Nigeria's 36 states increased by ₦735.4 billion (21.60%) in the first five months of 2026 compared with the same period in 2025, reaching a combined ₦4.14 trillion.

Thirty-five states recorded higher allocations than a year earlier, while Rivers was the only state to receive less, with its allocation declining by ₦7.15 billion.

Lagos recorded the largest increase (₦119.46bn), followed by Oyo (₦38.25bn) and Kano (₦26.75bn).

Note: Figures include statutory allocation, VAT and other FAAC components before applicable deductions.

Source:

Office of the Accountant-General of the Federation

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Period:

Jan-May 2025 vs Jan-May 2026

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