Nigeria’s 36 states received a combined N1.07 trillion in net disbursements from the Federation Account Allocation Committee (FAAC) in August 2026, representing a 52.44 per cent increase from the N704.01 billion distributed in the corresponding period of 2025.
Delta State emerged as the largest recipient, collecting N98.27 billion, while Rivers, Bayelsa and Akwa Ibom occupied the next three positions, reflecting the significant contribution of oil derivation revenue to allocations received by oil-producing states.
Data from FAAC, compiled by Nairametrics Research, showed that the top 10 states received a combined N521.41 billion, accounting for 48.58 per cent of total net disbursements during the month.
The amount represents an increase of N206.28 billion, or 65.46 per cent, compared with the N315.13 billion received by the same group of states in August 2025, when they accounted for 44.76 per cent of total allocations.
Delta’s N98.27 billion allocation was the highest among the 36 states and accounted for 9.16 per cent of the total disbursement. The amount was 93.82 per cent higher than the N50.70 billion received in August 2025, representing an additional N47.57 billion.
The state also recorded a 14.82 per cent increase from the N85.59 billion received in July 2026.
Its allocation was largely driven by the 13 per cent derivation component, from which it received N73.57 billion, the highest among the states. Delta recorded N85.19 billion in net statutory allocation, including derivation, and N12.88 billion in net Value Added Tax (VAT) allocation.
Rivers ranked second with N81.89 billion, following a 96.62 per cent year-on-year increase, the fastest growth among the 36 states. Its allocation rose by N40.24 billion from August 2025.
The state received N42.65 billion from the 13 per cent derivation fund, while its net VAT allocation stood at N29.67 billion, the second-highest nationwide after Lagos.
Bayelsa followed with N78.39 billion, representing an 88.77 per cent increase from the corresponding period of 2025. The state received N50.14 billion in derivation revenue and N16.36 billion in net VAT allocation.
Akwa Ibom ranked fourth with N77.75 billion, up 92.53 per cent from N40.38 billion a year earlier. Its derivation revenue stood at N54.18 billion, the second-highest among the states.
Lagos, which ranked second in August 2025, dropped to fifth position with N43.22 billion, despite recording the highest net VAT allocation of N34.79 billion.
The state’s allocation increased by just 3.30 per cent year on year, the weakest growth among the 36 states. It also declined by 26.53 per cent from the N58.84 billion received in July 2026.
Lagos recorded N7.92 billion in net statutory allocation, while deductions included N10.81 billion for external debt and N9.89 billion in VAT. Its gross allocation stood at N63.92 billion before deductions.
Kano ranked sixth with N34.46 billion, followed by Oyo with N29.54 billion. Ondo received N26.61 billion, Imo collected N25.68 billion, while Jigawa completed the top 10 with N25.58 billion.
The top 10 states accounted for 95.15 per cent of derivation revenue distributed to states, 51.92 per cent of net statutory allocations and 43.16 per cent of net VAT allocations. They also received 47.98 per cent of gross state disbursements.
Oyo’s seventh-place position was supported by its VAT receipts. The state received N16.39 billion in net VAT allocation, the third-highest nationwide, alongside N12.71 billion in net statutory allocation.