The Federal Government, states, and local government councils shared N17.12 trillion in Federation Account allocations (FAAC) between January and August 2026, according to a Nairametrics analysis of reports released by the Office of the Accountant-General of the Federation.
The Federal Government received the largest share of N6.53 trillion, followed by state governments with N6.21 trillion and local government councils with N4.38 trillion. These represented 38.2 per cent, 36.2 per cent and 25.6 per cent of the total, respectively.
The allocations, distributed through the Federation Account Allocation Committee (FAAC), covered revenue generated between December 2025 and July 2026, as each month’s disbursement reflected collections from the preceding month.
August records highest allocation
August recorded the highest combined allocation during the eight months, with the three tiers of government receiving approximately N2.76 trillion from revenue generated in July. The Federal Government received N1.15 trillion, while states and local government councils received N943.35 billion and N673.65 billion, respectively.
July recorded the second-highest disbursement at about N2.60 trillion. Of this amount, the Federal Government received N1.06 trillion, states received N905.01 billion, and local government councils received N642.89 billion.
March recorded the lowest combined allocation of approximately N1.78 trillion, comprising N675.09 billion for the Federal Government, N651.53 billion for states and N456.47 billion for local government councils. The disbursement covered revenue generated in February.
Allocations rose steadily from May, increasing from N2.10 trillion that month to N2.11 trillion in June, N2.60 trillion in July and N2.76 trillion in August. The Federal Government’s monthly receipts crossed N1 trillion in July for the first time during the period.
Delta leads states in second-quarter receipts
A separate Nairametrics analysis showed that Delta overtook Lagos as the largest state recipient of FAAC allocations in the second quarter of 2026.
The 36 states collectively received N2.39 trillion during the quarter, an increase of N259.41 billion, or 12.2 per cent, over the N2.13 trillion received in the first quarter.
Delta’s allocation rose by N44.59 billion, or 31.1 per cent, from N143.42 billion in the first quarter to N188.01 billion in the second quarter. Rivers recorded a larger absolute increase of N48.07 billion, with its receipts rising by 38.8 per cent to N172.03 billion from N123.96 billion.
Despite losing the top position in overall FAAC receipts, Lagos remained the largest recipient of value-added tax revenue in the second quarter, receiving N150.56 billion. Rivers followed with N75.81 billion, while Oyo received N44.29 billion. Kano and Delta received N34.17 billion and N29.61 billion, respectively.
The rankings distinguish total FAAC allocations from the VAT component of those distributions. Lagos was also the only state whose total FAAC receipts declined between the first and second quarters, according to the analysis.
