FAAC: Five States Collect N317.5bn as Allocation, Exceed 20 Others Combined
Emmanuel Addeh in Abuja The five states with the highest Federation Account allocations in May 2026 collectively received N317.47 billion, more than the combined N310.13 billion shared by 20 states
In May 2026, the five states with the highest Federation Account allocations received a total of N317.47 billion, surpassing the combined N310.13 billion shared by the 20 states with the lowest allocations. Rivers, Delta, Akwa Ibom, Lagos and Bayelsa were the top beneficiaries, with each collecting more than N50 billion. In contrast, the bottom five states - Ekiti, Cross River, Gombe, Ogun and Kwara - received only N68.65 billion together.
This disparity was largely driven by the 13% derivation revenue for oil-producing states and the Value Added Tax (VAT) component. Delta alone received N50.25 billion in derivation revenue, while Akwa Ibom and Bayelsa received N45.98 billion and N42.18 billion respectively. Lagos ranked fourth due to its substantial VAT allocation of N55.25 billion.
The figures highlight how the different revenue components can substantially alter the allocation amounts for states, with the top five states receiving about 4.6 times the amount received by the five lowest beneficiaries.
Written by urgent.news from This Day's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
