Lagos leads FAAC allocations with N365.78bn, overtakes oil-producing states

Lagos State has overtaken Nigeria’s major oil-producing states to emerge as the biggest beneficiary of Federation Account allocations in the first half of 2026, receiving N365.78 billion.
The figure represents a 54.39 per cent increase, or N128.86 billion, from the N236.92 billion the state received in the corresponding period of 2025.
The latest figures, based on an analysis of Federation Account Allocation Committee (FAAC) disbursements, show that Lagos moved from third position in the first half of 2025 to the top spot in the first six months of 2026.
Lagos’ performance is particularly significant because, unlike the major oil-producing states, it does not receive revenue from th...