Delta Overtakes Lagos as Top FAAC Recipient in Q2 2026

Nigeria’s 36 states shared N2.39 trillion from the Federation Account Allocation Committee between April and June 2026. This was N259.41 billion, or 12.2 per cent, higher than the N2.13 trillion received in the first quarter. Delta received N188.01 billion to become the largest beneficiary, followed by Rivers with N172.03 billion. Lagos fell to third place after its allocation dropped from N200.21 billion in Q1 to N165.57 billion in Q2, largely because of a decline in its VAT receipts. Oil-producing states recorded some of the biggest increases. Akwa Ibom received N160.51 billion and Bayelsa got N152.25 billion, while Ekiti posted the largest percentage rise after recovering from weak statutory allocations in Q1. Lagos was the only state whose total FAAC allocation declined during the quarter. The figures underline how oil derivation revenue, VAT receipts and the April non-oil revenue augmentation shaped state finances in the second quarter.

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