Lagos overtakes oil states as top FAAC earner with N365.78 billion
Nigeria’s states received significantly higher disbursements from the Federation Account in H1 2026, reflecting stronger distributable revenues from statutory revenue, Value Added Tax (VAT), derivation revenue, Electronic Money Transfer Levy (EMTL) and other revenue streams. The post Lagos overtakes oil states as top FAAC earner with N365.78 billion appeared first on Nairametrics .
In H1 2026, Lagos emerged as the top recipient of Federation Account Allocation Committee (FAAC) disbursements in Nigeria, claiming a substantial N365.78 billion. This figure was largely driven by the state's overwhelming Value Added Tax (VAT) contribution and its economic scale, despite being devoid of derivation proceeds. In comparison, total state net FAAC disbursement increased by 25.77% during the same period, reaching N4.54 trillion from N3.61 trillion in H1 2025.
The top 10 states collectively garnered 47.47% of the total state net FAAC disbursement in H1 2026, down slightly from 48.16% in the previous year. This distribution indicates that while leading states maintained a substantial share of federally distributed revenues, the growth in disbursements was more widespread across the states.
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