Delta Tops FAAC Allocations With N134.24bn in 2 Months, Rivers Edges Out Lagos—NBS

Delta State received the highest combined allocation from the Federal Account Allocation Committee (FAAC) disbursements among Nigeria’s 36 states over May and June 2026, with a total of N134.24 billion, according to disbursement data released by the National Bureau of Statistics (NBS).
According to the May-June 2026 FAAC Disbursement Report released by the NBS on Friday, Rivers State followed with N125.39 billion, narrowly ahead of Lagos, which received N125.06 billion over the two months, a margin of roughly N333 million between the two states. Akwa Ibom received N115.67 billion, and Bayelsa received N110.31 billion, rounding out the five highest-earning states.
The combined figures, however, concealed a significant shift in rank within the period. Delta led 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, to N38.85 billion from N29.89 billion, and its VAT allocation, to N31.32 billion from N23.19 billion.
Lagos, which ranked second in May with N64.71 billion, fell to fourth place in June with N60.35 billion, a decline of N4.36 billion. The drop 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, by far the largest of any state in both months, 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 rose to N62.09 billion in June from N53.58 billion in May, while Bayelsa rose to N58.28 billion from N52.03 billion. 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, 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, meaning the fund’s growth mirrored the overall rise in oil and non-oil statutory receipts reported for the month.
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 N6.76 billion, totalling N13.88 billion, while its allocation for the development of natural resources rose to N23.91 billion from N22.73 billion, totalling N46.64 billion.
The Federal Capital Territory, Abuja, which receives a statutory allocation in addition to the states’ derivation-linked receipts, saw its combined allocation rise to N54.91 billion over the two months, made up of N24.28 billion in May and N30.62 billion in June.
Beyond the derivation fund itself, the NBS reports showed that the North East Development Commission received N23.23 billion in May and N21.42 billion in June, a combined N44.65 billion, funded as a further first-line deduction from the federation account before the standard vertical sharing formula was applied.