March 27, (THEWILL) — Nigeria’s revenue distribution in January 2026 highlights a continued concentration of FAAC allocations among a handful of states, with total net disbursement to states reaching ₦703.26 billion. Data reported by Nairametrics shows that the top 10 states alone received ₦314.78 billion, accounting for 44.76% of the total, an indication of the widening gap in fiscal inflows across the country.
Lagos State led the pack with ₦55.83 billion, representing 7.94% of the total allocation, supported by its strong VAT base and economic activity. Delta State followed with ₦47.15 billion, while Akwa Ibom State, Bayelsa State, and Rivers State received ₦35.89 billion, ₦35.24 billion, and ₦35.08 billion, respectively, reflecting the sustained advantage of oil-producing states benefiting from derivation revenues.
Among non-oil-producing states, Kano State recorded ₦26.59 billion to emerge as the highest in the northern region, while Oyo State posted ₦21.17 billion. Jigawa State and Katsina State received ₦19.58 billion and ₦19.19 billion, respectively, with Borno State rounding out the top 10 at ₦19.06 billion.
Overall, the distribution underscores the enduring influence of VAT generation, population, and oil derivation in shaping how federal revenues are shared among states.
Ogochukwu Onwaeze is a writer specializing in business and economic journalism. At THEWILL News Media, she translates market trends, financial developments, and policy shifts into clear and engaging stories.
