Lagos, Delta, Rivers, Kano Top FAAC List as States Share N4.1 trillion in Q1

The New Diplomat
Writer

Ad

Nigeria’s FX Reserves Surge to $41bn Under Tinubu, But Still Lower Than Obasanjo’s $67bn

By Abiola Olawale Nigeria’s foreign exchange (FX) reserves have reached a 44-month high, climbing to $41 billion as of August 19, 2025, according to data from the Central Bank of Nigeria (CBN). According to recent data from the CBN, this milestone reflects a steady accumulation driven by strategic economic reforms, increased oil production, and enhanced…

Trump slaps sanctions on Canadian International Criminal Court judge

The Trump administration slapped a Canadian judge on the International Criminal Court with sanctions as the U.S. State Department continues to push back on the tribunal. The State Department said Wednesday that Kimberly Prost was sanctioned for “ruling to authorize the ICC’s investigation into U.S. personnel in Afghanistan.” The ICC website says Prost has been…

Reprieve as Trump’s half-billion-dollar civil fraud penalty is voided by court

By Obinna Uballa A New York state appeals court on Thursday overturned a civil fraud penalty of more than $500 million imposed on President Donald Trump, ruling that the monetary sanction violated the U.S. Constitution. The Appellate Division of the New York State Supreme Court held that the fine—initially set at $454 million and now…

Ad

By Abiola Olawale

In the first half of 2025, Nigeria’s 36 states collectively received N4.1 trillion from the Federation Account Allocation Committee (FAAC), with Lagos, Delta, Rivers, and Kano emerging as key beneficiaries within their geopolitical zones.

Checks on official documents from the Federation Account Allocation Committee (FAAC), by The New Diplomat revealed that the South-South geo-political zone led the allocation chart, with N1.04 trillion from January to June 2025.

The South-West geo-political zone followed with N772.3 billion, while the North-West region came third on the list, with N563.6 billion.

The North Central geo-political zone came fourth, receiving N484.4 billion; the North East took N480.7 billion, while the South East collected N427.7 billion in the same six-month period, respectively.

Among individual states, Lagos State received the highest allocation during the six months under review, with receipt of N334.35 billion from the federation account.

Delta came second with N316.26 billion, while Rivers State got N301.17 billion. Bayelsa came fourth with N240.44 billion, and Akwa Ibom received N240.35 billion, ranking as the fifth state with the highest allocation in the first six months of 2025.

Kano State ranked sixth, leading the North with an allocation of N130.56 billion, and Oyo State came seventh with N113.74 billion.

On its part, Kaduna State followed with N102.31 billion, while Edo State got N102.20 billion, Imo received N99.57 billion, and Katsina went home with N98 billion, respectively.

Others include Ondo with N96.74 billion, Anambra with N94.07 billion, and Borno, which received N90.75 billion, accordingly.

Other States that reportedly received statutory allocations during the period under review include Bauchi State which received N91.30 billion, Jigawa which got N88.13 billion, and Niger State which took N89.67 billion. On the other hand, Abia had N85.21 billion, Sokoto received N84.61 billion, Plateau got N80.14 billion, Kogi received N82.80 billion, Benue got N88.26 billion, and Kebbi received N79.95 billion in the first half of the year, respectively.

Others are reportedly recorded as follows: Ogun State: N79.49 billion, Adamawa: N79.14 billion, Enugu: N78.39 billion, Zamfara: N77.99 billion, Osun: N76.35 billion, Cross River: N76.31 billion, Yobe: N74.54 billion, Kwara: N73.33 billion, Gombe: N72.42 billion, Taraba: N72.54 billion, Ekiti: N71.62 billion, Ebonyi: N70.50 billion, and Nasarawa: N70.02 billion.

Further checks by The New Diplomat showed that in January 2025, all 36 states shared a total of N611.97 billion.

In February 2025, the states shared N718.98 billion. The distribution dropped slightly in March to N698.24 billion, before slowing again to N663.06 billion in April.

In May, the amount surged to N709.29 billion, before sliding slightly to N701.92 billion in June.

Ad

X whatsapp