10 Months of FAAC Money: All 36 States Ranked by What They Actually Received

Monthly FAAC reports tell you who got what in one month. That is useful, but one month is noisy. A big oil refund or a once-off deduction can move a state up or down the table overnight.

So we added it all up. Using the official FAAC tables for September 2025 to July 2026 (10 sharing months), here is what each state actually received after deductions.

The headline numbers

• Total to 36 states (net): ₦7.89 trillion

• Top state: Delta, ₦611.7 billion

• Bottom state: Ekiti, ₦113.6 billion

• Gap: Delta received 5.4 times what Ekiti received

• Top 5 states' share: 33.6%, about one naira in every three

The full table

What the table tells us

1. Oil still decides the top of the table

Four of the top five (Delta, Rivers, Akwa Ibom and Bayelsa) are oil states. The reason is the 13% derivation fund. Over 10 months:

• Delta: ₦435.1bn from derivation, about 68% of its gross allocation

• Akwa Ibom: ₦305.8bn

• Bayelsa: ₦303.1bn

• Rivers: ₦227.3bn

Without derivation, Delta's 10 months would look like a middle-table state's.

2. Lagos tops "gross", but Delta tops "net"

Before deductions, Lagos was number one with ₦760.8 billion, mostly from VAT. But ₦173.3 billion was taken at source for debt and a monthly VAT deduction, which drops Lagos to second place on what actually lands.

3. Kaduna and Bauchi fall the most

Ranked by gross allocation, Kaduna would be 8th and Bauchi 14th. After deductions, they drop to 22nd and 29th. Kaduna lost ₦57.6bn between gross and net (mostly external debt). Bauchi lost ₦46.8bn (debt, ISPO and other deductions).

4. The middle is very crowded

From 8th (Ondo) to 32nd (Ebonyi), most states received between ₦14 billion and ₦20 billion a month. For most of Nigeria, FAAC is a fairly flat formula. Oil, VAT from big cities and debt deductions are what separate the states.

A roller-coaster monthly income

States' combined net allocation went up and down a lot over the 10 months:

From the low in March to the high in July, the difference was 53%. Imagine your salary going up by half in four months, without warning. That's how hard it is for a state commissioner of finance to plan.

Final takeaway

If you only read monthly FAAC headlines, you'll miss the pattern. Over 10 months:

• Oil derivation puts the Niger Delta at the top

• VAT keeps Lagos close behind

• Debt deductions pull Kaduna, Bauchi, Ekiti and Lagos down

• And everyone else sits in a tight band of about ₦14bn to ₦20bn a month

Find your state in the table and ask: what did we do with it?

Data source: OAGF FAAC disbursement tables (Table III), September 2025 to July 2026, as reported by the NBS. December 2025 was not in the data set we reviewed. "Net received" is the "Total Net Amount" column, after debt, ISPO, other and VAT deductions and the ecology transfer to NDDC/HYPPADEC. The FCT is not included because it is paid through the federal share. We double-checked the sums, but if you spot a mistake, please let us know.