Data compiled by Nairametrics Research from the Federation Account Allocation Committee (FAAC) shows that the 36 states received a combined N1.07 trillion in net allocations during the month.
The figure represents a 52.44 per cent increase compared with the N704.01 billion distributed to the states in August 2025.
Delta received N98.27 billion, accounting for 9.16 per cent of the total net disbursement to all 36 states. Its allocation increased by 93.82 per cent year-on-year, representing an additional N47.57 billion compared with the corresponding period in 2025.
The state’s allocation also increased by 14.82 per cent from the N85.59 billion it received in July 2026.
A major contributor to Delta’s impressive position was revenue from the 13 per cent derivation fund, through which oil-producing states receive a share of revenue generated from oil and gas activities within their territories.
Delta received N73.57 billion in derivation revenue, the highest amount distributed to any state under the component during the period.
Its net statutory allocation, including derivation, stood at N85.19 billion, while its net VAT allocation was N12.88 billion. The state’s gross allocation before deductions amounted to N101.04 billion.
Rivers State occupied second position with N81.89 billion, representing a 96.62 per cent increase compared with August 2025.
The state recorded the fastest year-on-year growth in net FAAC allocations among all 36 states, gaining an additional N40.24 billion.
Rivers received N42.65 billion from the 13 per cent derivation component, while its net VAT allocation stood at N29.67 billion, the second-highest nationwide after Lagos.
Bayelsa State ranked third with N78.39 billion, following an 88.77 per cent year-on-year increase.
The state’s derivation revenue stood at N50.14 billion, while its net VAT allocation was N16.36 billion.
Akwa Ibom came fourth with N77.75 billion, representing a 92.53 per cent increase from August 2025. It received N54.18 billion in derivation revenue, the second-highest amount among the states.
The strong performance of these four oil-producing states reflects the significant contribution of derivation revenue to their overall FAAC receipts.
Despite recording the highest net VAT allocation in the country, Lagos State fell to fifth position after receiving N43.22 billion in net FAAC disbursements.
The state’s allocation increased by just 3.30 per cent year-on-year, representing the weakest growth among Nigeria’s 36 states.
Lagos had ranked second in August 2025 but dropped three places in the August 2026 ranking. Its allocation also declined by 26.53 per cent compared with the N58.84 billion received in July 2026.
According to the data, Lagos received N34.79 billion in net VAT revenue, the highest among all states.
However, deductions significantly reduced the amount ultimately available to the state.
Lagos recorded an external debt deduction of N10.81 billion and was the only state with a VAT deduction, amounting to N9.89 billion.
Its net statutory allocation stood at N7.92 billion, while its gross allocation before deductions was N63.92 billion.
The development represents a significant shift from the first half of 2026, when Lagos led state FAAC receipts with N365.78 billion.
Kano State occupied sixth position with N34.46 billion, representing a 38.05 per cent increase from the N24.97 billion received in August 2025.
Kano also recorded the highest gross statutory allocation nationwide at N22.18 billion before deductions.
Oyo State retained seventh position with N29.54 billion. Its net VAT allocation stood at N16.39 billion, the third-highest among the states.
Ondo State ranked eighth with N26.61 billion, supported by N5.91 billion in derivation revenue.
Imo occupied ninth position with N25.68 billion, including N5.23 billion from the 13 per cent derivation component.
Jigawa State completed the top 10 with N25.58 billion, recording a 45.39 per cent year-on-year increase.
Top 10 States by Net FAAC Allocation in August 2026
| Position | State | Net allocation |
|---|---|---|
| 1 | Delta | N98.27bn |
| 2 | Rivers | N81.89bn |
| 3 | Bayelsa | N78.39bn |
| 4 | Akwa Ibom | N77.75bn |
| 5 | Lagos | N43.22bn |
| 6 | Kano | N34.46bn |
| 7 | Oyo | N29.54bn |
| 8 | Ondo | N26.61bn |
| 9 | Imo | N25.68bn |
| 10 | Jigawa | N25.58bn |
The figures show that oil-producing states maintained a strong presence among Nigeria’s highest FAAC recipients in August 2026.
Six oil-producing states — Delta, Rivers, Bayelsa, Akwa Ibom, Ondo and Imo — featured in the top 10 ranking.
Together, the six states received N231.67 billion in derivation revenue.
Meanwhile, the 10 highest-recipient states collected N521.41 billion, representing 48.58 per cent of the total net allocations to the 36 states.
This compares with N315.13 billion, representing 44.76 per cent, received by the top 10 states in August 2025.
The increase amounts to N206.28 billion, or 65.46 per cent.
The top 10 states also accounted for 95.15 per cent of the derivation revenue distributed to states, 51.92 per cent of net statutory allocations and 43.16 per cent of net VAT allocations.
The Federation Account Allocation Committee distributes revenue collected by the Federal Government among the federal, state and local governments.
State allocations comprise statutory revenue, VAT and other revenue components. Oil-producing states are also entitled to 13 per cent derivation revenue from oil and gas resources generated within their territories.
The August 2026 disbursement was based on revenue generated in July 2026.
Although the states received N1.18 trillion in gross allocations, deductions and other charges reduced the amount ultimately available as net disbursements to N1.07 trillion.
Delta’s emergence as the highest recipient highlights the importance of oil derivation revenue in determining state allocations, while Lagos’ fifth-place position demonstrates how statutory deductions can significantly affect the final amount received by a state.
Source: Nairametrics Research, FAAC data.
