Question 1

Which state received the highest FAAC allocation in 2025?

Accepted Answer

Delta State received the highest net FAAC allocation in 2025 — ₦649.67 billion (₦681.74 billion gross), driven largely by the 13% oil derivation paid to oil-producing states. On gross figures, Lagos State was highest at ₦706.90 billion, but heavy deductions (mainly external debt service) dropped it to third on the net ranking.

Question 2

Which state received the lowest FAAC allocation in 2025?

Accepted Answer

Ogun State received the lowest net allocation at ₦124.19 billion — its gross allocation of ₦175.30 billion was cut sharply by debt-service deductions. On gross figures the smallest allocation went to Nasarawa State (₦156.34 billion).

Question 3

Which is the richest state in Nigeria?

Accepted Answer

It depends on the measure. By internally generated revenue — the money a state raises itself — Lagos State is by far the richest, earning ₦1.26 trillion in 2024, more than the next five states combined. By federal (FAAC) allocation, Delta State received the most in 2025 with ₦649.67 billion net.

Question 4

What is FAAC?

Accepted Answer

FAAC is the Federation Account Allocation Committee. It meets monthly to share federally collected revenue — oil and gas income, company income tax, customs duties, VAT and the electronic money transfer levy — among the federal government, the 36 states and the 774 local governments, using a formula that includes a 13% derivation bonus for oil-producing states.

Question 5

Why do Delta, Rivers, Akwa Ibom and Bayelsa receive the biggest allocations?

Accepted Answer

Because of the 13% derivation principle in the constitution: oil- and gas-producing states receive an extra 13% of the revenue derived from their territory before the rest is shared. That is why Delta, Rivers, Akwa Ibom and Bayelsa — all major oil producers — sit in the top five net receivers for 2025 despite their relatively small populations.

Question 6

How much did Nigerian states share from FAAC in 2025?

Accepted Answer

The 36 state governments received about ₦8.93 trillion gross (₦7.97 trillion net of deductions) from FAAC in 2025. This excludes the separate allocations to the 774 local governments and to the Federal Capital Territory.

Question 7

Which state has the highest IGR in Nigeria?

Accepted Answer

Lagos State has the highest internally generated revenue — ₦1.26 trillion in 2024 (NBS), about a third of all states' IGR combined. Rivers State is a distant second with ₦317.30 billion. The FCT (Abuja), which is not a state, generated ₦282.36 billion and would rank third.

Rank	State	Net (₦bn)	Gross (₦bn)	Share
1	DeltaHighest	649.67	681.74	8.1%
2	Rivers	526.30	594.47	6.6%
3	Lagos	514.56	706.90	6.5%
4	Akwa Ibom	494.23	511.78	6.2%
5	Bayelsa	488.08	509.18	6.1%
6	Kano	270.86	290.34	3.4%
7	Oyo	213.75	248.86	2.7%
8	Anambra	199.88	207.45	2.5%
9	Borno	198.75	203.41	2.5%
10	Ondo	198.42	214.35	2.5%
11	Katsina	197.00	217.36	2.5%
12	Edo	195.13	223.65	2.4%
13	Jigawa	192.27	196.50	2.4%
14	Imo	191.72	220.20	2.4%
15	Benue	188.14	194.98	2.4%
16	Niger	177.07	199.25	2.2%
17	Abia	176.07	186.49	2.2%
18	Kaduna	174.69	230.12	2.2%
19	Sokoto	174.56	188.72	2.2%
20	Kogi	170.96	184.10	2.1%
21	Kebbi	170.88	178.21	2.1%
22	Enugu	165.52	174.68	2.1%
23	Adamawa	162.48	176.36	2.0%
24	Zamfara	161.47	174.25	2.0%
25	Bauchi	156.59	203.06	2.0%
26	Plateau	155.85	178.97	2.0%
27	Yobe	155.20	166.52	1.9%
28	Taraba	153.33	162.47	1.9%
29	Nasarawa	149.67	156.34	1.9%
30	Kwara	145.93	160.95	1.8%
31	Osun	144.94	168.78	1.8%
32	Ebonyi	139.10	156.93	1.7%
33	Gombe	136.44	161.91	1.7%
34	Cross River	130.84	170.13	1.6%
35	Ekiti	130.30	158.96	1.6%
36	OgunLowest	124.19	175.30	1.6%

Rank	State	IGR (₦bn)	Share
1	LagosHighest IGR	1,261.56	37.7%
2	Rivers	317.30	9.5%
3	Ogun	194.93	5.8%
4	Enugu	180.50	5.4%
5	Delta	157.79	4.7%
6	Edo	91.15	2.7%
7	Akwa Ibom	75.77	2.3%
8	Kano	74.77	2.2%
9	Kaduna	71.57	2.1%
10	Kwara	71.20	2.1%
11	Oyo	65.29	1.9%
12	Bayelsa	64.01	1.9%
13	Jigawa	59.46	1.8%
14	Osun	54.77	1.6%
15	Cross River	47.02	1.4%
16	Anambra	42.69	1.3%
17	Abia	40.01	1.2%
18	Katsina	39.15	1.2%
19	Ekiti	35.21	1.1%
20	Niger	34.66	1.0%
21	Bauchi	32.43	1.0%
22	Kogi	32.01	1.0%
23	Ondo	31.25	0.9%
24	Plateau	31.14	0.9%
25	Borno	27.80	0.8%
26	Nasarawa	25.52	0.8%
27	Zamfara	25.46	0.8%
28	Imo	25.27	0.8%
29	Sokoto	20.85	0.6%
30	Gombe	20.72	0.6%
31	Benue	20.43	0.6%
32	Adamawa	20.30	0.6%
33	Taraba	17.46	0.5%
34	Kebbi	16.97	0.5%
35	Ebonyi	13.18	0.4%
36	YobeLowest IGR	11.08	0.3%

Richest States in Nigeria: FAAC Allocations and IGR Ranked

Nigerian States Ranked by FAAC Allocation (2025)

Nigerian States Ranked by Internally Generated Revenue (2024)

Frequently Asked Questions