Lagos leads FAAC revenue ranking, overtaking oil states
Lagos State has become the top recipient of federation account revenue in Nigeria’s first half of 2026, surpassing traditional oil-producing states. The state’s sharp rise in receipts is largely due to value-added tax (VAT) collections, highlighting the growing fiscal significance of economic activity. Delta State and Rivers State both dropped in the rankings despite increases in their allocations. The trend underscores a shift in revenue dynamics among Nigerian states.
TLDR
- Lagos State collected N365.78bn in net FAAC revenue between January and June 2026, up from N236.92bn in the same period of 2025.
- The state’s VAT allocation was N344.06bn, far exceeding its statutory revenue allocation of N10.91bn.
- Nigeria’s 36 states received N4.54tn in net FAAC revenue during H1 2026, compared with N3.61tn in H1 2025.
- Delta State received N331.43bn, while Rivers State received N295.99bn in H1 2026.
- Oil-producing states like Delta, Akwa Ibom, Bayelsa, Rivers, and Ondo collectively received over N707.32bn in derivation revenue during H1.
