According to the May-June 2026 FAAC Disbursement Report released by the National Bureau of Statistics, Delta State received the highest combined allocation from the Federal Account Allocation Committee disbursements among Nigeria’s 36 states, with a total of N134.24 billion. This was followed by Rivers State with N125.39 billion and Lagos with N125.06 billion over the two months.
A significant shift in rank occurred within the period, with Delta leading the table in May with N67.81 billion before slipping to second place in June with N66.44 billion, a decline of N1.37 billion. Rivers, which ranked third in May with N55.07 billion, moved into first place in June with N70.32 billion, an increase of N15.25 billion driven by a rise in both its net statutory allocation and VAT allocation.
The drop in Lagos' allocation was linked to a fall in the state’s VAT allocation, to N55.25 billion from N60.28 billion, which more than offset a modest rise in its net statutory allocation, to N4.73 billion from N1.79 billion. Lagos’ VAT receipts reflect the derivation-based VAT sharing formula, under which the state’s status as Nigeria’s commercial hub yields outsized VAT allocations relative to its comparatively small share of oil-linked statutory revenue.
Akwa Ibom and Bayelsa also saw increases in their allocations, rising to N62.09 billion in June from N53.58 billion in May and N58.28 billion from N52.03 billion, respectively. All five of the highest-earning states are oil and gas-producing states that benefit from the 13 per cent derivation fund attached to statutory allocations, in addition to their standard VAT and statutory shares.
Oil-producing states shared a combined N345.38 billion from the 13 per cent derivation fund in the FAAC disbursements for May and June 2026, according to the NBS. This made up of N157.25 billion in May and N188.13 billion in June, an increase of N30.88 billion, or 19.6 per cent, between the two months.
The rise in the derivation fund tracked the broader increase in statutory revenue recorded for the period, which climbed from N2.13 trillion in May to N2.65 trillion in June. The derivation fund is calculated as a first-line charge on statutory revenue before the balance is shared among the three tiers of government.
At the federal level, a parallel set of derivation-linked allocations to the FGN also rose. The FGN’s own share of derivation and ecology funds increased to N14.23 billion in June from N13.53 billion in May, a combined N27.76 billion over the two months. Its stabilization fund allocation rose to N7.12 billion from an unspecified previous figure.
Key points
- Delta State received the highest combined allocation from FAAC disbursements with N134.24 billion.
- Rivers State followed with N125.39 billion, narrowly ahead of Lagos with N125.06 billion.
- Oil-producing states shared a combined N345.38 billion from the 13 per cent derivation fund in May and June 2026.
