AT A GLANCE: How states shared N6.57trn FAAC allocation in 2023

Every month, the federal account allocation committee (FAAC) distributes federal revenue to all 36 states and 774 local governments in Nigeria.

This crucial funding is expected to fuel development and assist government at different levels in fulfilling their responsibilities.

FAAC allocation often comes in handy for states that have not been able to generate enough internally generated revenue (IGR) to fund their projects.

The current FAAC revenue-sharing formula allocates 52.68 percent to the federal government, 26.72 percent to states, and 20.60 percent to local governments.

However, oil-producing states receive an additional 13 percent derivation fund, creating disparities in allocations — only nine (Abia, Akwa-Ibom, Bayelsa, Delta, Edo, Imo, Ondo, and Rivers) of the 36 states enjoyed this benefit in 2023.

Interestingly, four of these nine states also ranked among the top ten highest FAAC recipients in 2023.

Delta state received the highest FAAC allocation in the review period, receiving N483.57 billion. Rivers and Akwa Ibom followed closely behind, pocketing N426.84 billion and N380.1 billion, respectively.

Lagos, Bayelsa, and Kano also featured prominently, securing N371.39 billion, N268.34 billion, and N261.37 billion, respectively.

Conversely, Gombe state got the lowest allocation, receiving N99.05 billion, followed by Ebonyi with N107.45 billion and Ekiti received N107.5 billion.

Among geopolitical zones, south-south, emerged as the top recipient, raking in a hefty N1.84 trillion, followed by north-west and south-west with N1.20 trillion and N1.10 trillion respectively.

Further down the ladder north-central received N948.24 billion, north-east N807.30 billion and south-east N680.59 billion.

Here is how much states collected as FAAC in 2023: