Delta State collected the highest net disbursement from the Federation Account Allocation Committee (FAAC) in August 2026, receiving N98.27 billion and pushing Lagos down to fifth position despite the commercial hub recording the highest net VAT allocation of N34.79 billion.
Nairametrics Research figures show the 36 states received a combined N1.07 trillion in net disbursements during the month, up 52.44% from N704.01 billion in August 2025.
Derivation revenue shaped the ranking. Six oil-producing states — Delta, Rivers, Bayelsa, Akwa Ibom, Ondo and Imo — featured in the top 10, with the first four positions held by Delta, Rivers, Bayelsa and Akwa Ibom. Together, the six states received N231.67 billion in derivation receipts. Lagos, Kano, Oyo and Jigawa, which recorded no derivation revenue, completed the top 10.
The top 10 states received N521.41 billion, or 48.58% of total net disbursements, compared with N315.13 billion, or 44.76%, in August 2025 — an increase of N206.28 billion, or 65.46%. Collectively, they accounted for:
- 95.15% of derivation revenue distributed to states - 51.92% of net statutory allocations - 43.16% of net VAT allocations - 47.98% of gross state disbursements
The full ranking was:
- Delta – N98.27 billion - Rivers – N81.89 billion - Bayelsa – N78.39 billion - Akwa Ibom – N77.75 billion - Lagos – N43.22 billion - Kano – N34.46 billion - Oyo – N29.54 billion - Ondo – N26.61 billion - Imo – N25.68 billion - Jigawa – N25.58 billion
Delta's N98.27 billion represented 9.16% of the total received by all 36 states. Its allocation grew 93.82% year on year, an additional N47.57 billion that was the largest naira increase recorded by any state, and rose 14.82% from N85.59 billion in July 2026. The state received the highest 13% derivation component nationwide at N73.57 billion, within a net statutory allocation of N85.19 billion; net VAT was N12.88 billion and the gross allocation stood at N101.04 billion.
Rivers followed with N81.89 billion, the fastest year-on-year growth among all 36 states at 96.62%, or an additional N40.24 billion. Bayelsa received N78.39 billion with the strongest month-on-month rise among the top 10 at 35.84%, while Akwa Ibom took N77.75 billion after a 92.53% year-on-year jump.
