• How Delta, Rivers, A/Ibom, Lagos, Bayelsa raked in N1.8tr

• Allocation grew by 95.49% in two years

by Nduka Chiejina, Abuja


The Federation Account Allocation Committee (FAAC) disbursed a total of N5.38 trillion to the 36 states and the Federal Capital Territory (FCT) between January and December 2024, according to figures obtained by The Nation.

This amount represents an increase of about N1.46 trillion over the N3.92 trillion received by the states and the FCT in the previous year.

The states received a total of N412.09 billion in January; N406.96 billion in February; N454.70 billion in March and N428.24 billion in April.

A total of N463.04 billion got to them in May; N365.81 billion (lowest allocation for the year) in June before going up to N461.98 billion in July and N473.48 billion in August.

Others were as follows: September: N422.86 billion; October: N453.72 billion; November: N490.70 billion and December: N549.79 billion which was the highest allocation for the year.

These variations in allocation were influenced by overall revenue performance and the criteria used by FAAC to calculate the allocations.

In comparison, 2023 allocations were much lower, peaking at N396.21 billion in January and hitting a low of N259.50 billion in April.

The discrepancies highlight improved revenue generation in 2024, driven by the removal of fuel subsidies, increased oil sales and better earnings from non-oil sectors, including taxes and royalties.

Among the states, Delta received the highest allocation in March 2024 with N62.7 billion, followed by Rivers State with N41.7 billion, and Akwa Ibom State with N41.6 billion. The oil-producing states benefit from the derivation principle, which ensures a part of oil revenue goes directly to Niger Delta states.

The increase in allocations is expected to assist state governments in enhancing infrastructure, education, healthcare and economic development. Stakeholders have urged responsible spending to ensure improvement in citizens’ quality of life.

A breakdown of the state by state allocations shows that Delta, Rivers, Akwa Ibom, Lagos and Bayelsa received the highest allocations

Delta got a total of N485bn; Rivers, N384bn; Akwa Ibom, N338bn; Lagos, N321bn and Bayelsa, N293bn.

Other top revenue allotees are: Kano, N166bn; Edo, N124bn; Ondo, N122bn; Anambra, N115bn and Oyo N113bn.

With a total of N5.38 trillion allocated in 2024, experts are optimistic about continued revenue growth into 2025.

Analysts believe that diversifying the economy and improving revenue collection methods could sustain or exceed last year’s accomplishments.


Looking at trends from 2022 to 2024, governmental allocations have significantly increased since June 2023, indicating more effective resource mobilization and equitable distribution of national revenues.

The Federal Government received N3.42 trillion in 2022, N3.96 trillion in 2023 and N4.65 trillion in 2024. Over these two years, it recorded a cumulative increase of 35.84 per cent.

State governments also benefited greatly during this period, receiving N2.75 trillion in 2022, followed by N3.92 trillion in 2023, and N5.38 trillion in 2024, therefore, the state governments received a 95.49 percent cumulative increase of FAAC allocations from 2022 to 2024.

The 774 local governments received N1.995 trillion in 2023 and N2.285 trillion in N3.994 trillion.

The LGAs experienced a 14.51 per cent increase in allocations in 2023 compared to 2022 period, reflecting a steady rise in funds allocated to grassroots governance.

There was a 74.76 per cent increase between 2024 and 2023, which shows a significant boost in revenue directed towards local development efforts.

Interestingly, over the two years (2022 to 2024), LGAs recorded a cumulative increase of 100.26 per cent, doubling their allocation.

Beneficiaries of 13 per cent Derivation Fund were not left out of the surge in FAAC allocations. In 2022, they received N601.049 billion, N454.677 billion in 2023 and N1.135.802 trillion in 2024.

Between 2022 and 2023, a 24.34 percent decrease was observed, reflecting possible fluctuations in oil revenue or derivation parameters. In 2023 and 2024, the allocation surged by 149.84 percent, marking a significant rebound and surpassing the 2022 figure.

From 2022 to 2024, the derivation fund recorded a cumulative growth of 88.93 per cent, emphasising the growing importance of the fund in fostering resource control.

The overall rise in FAAC allocations indicates the Federal Government’s commitment to fair revenue sharing across all levels of government. The increases in funding for states and LGAs reveal efforts to enhance service delivery and local governance.

The surge in these allocations also represents a hopeful trend in Nigeria’s federal revenue generation and distribution. However, it is crucial for state governments to manage these resources effectively and transparently to foster sustained growth and improve the quality of life for all Nigerians.

https://thenationonlineng.net/how-states-shared-n5-3tr-fed-allcation-in-2024/

Nlfpmod

🤔

Let every state control their resources. This Abuja money sharing is making many states lazy.

dre11:
How Delta, Rivers, A/Ibom, Lagos, Bayelsa raked in N1.8tr
• Allocation grew by 95.49% in two years
https://thenationonlineng.net/how-states-shared-n5-3tr-fed-allcation-in-2024/

That is about $3,429,335,850.00 to be shared by 36 States in the year 2025. Nigeria is still living on life support with thieves providing support at all levels of government.😩

Kobojunkie:
That is about $3,429,335,850.00 to be shared by 36 States in the year 2025. Nigeria is still living on life support with thieves providing support at all levels of government.😩

It says 2024. 2025 is the year of tax reform.
Each state will support herself

What is the value in dollars?

This is just like Tinubu claiming he's fighting corruption with 70k minimum wage when 70k is just $43 from the previous 30k that was about $65

Revenue did not increase. The naira value to dollar fell and they got more naira from same or less dollars

First class accountant indeed


Mtcheew it's even the nation. I won't be surprised if the figures are lies

You will think that states have a lot of money because you saw trillions until you convert it into dollars. Nigeria needs creative leaders to help her create wealth.

Half of it would have been looted first

C h a i..










Big boys Kofornors,,
Chai..

Some people are busy spending money o..
The masses won't understand!!

Yet nothing has to show on ground for most states lol

SmartPolician:
You will think that states have a lot of money because you saw trillions until you convert it into dollars. Nigeria needs creative leaders to help her create wealth.

Lol 😂😂😂😂😂. Hahahahaha nawa for you 🤗

Bleep Delta State and Akwa Ibom state and not forgetting Bleep Bayelsa State too .

Which time Bola Ahmed Tunibu tax reform go take effect? Though I know say nothing concern me, nor change in the society cos Na still those criminals state governors go still share am into their pockets. But I will like to see it taking effect as so as possible

Ojuntana:
What is the value in dollars?

This is just like Tinubu claiming he's fighting corruption with 70k minimum wage when 70k is just $43 from the previous 30k that was about $65

Revenue did not increase. The naira value to dollar fell and they got more naira from same or less dollars

First class accountant indeed


Mtcheew it's even the nation. I won't be surprised if the figures are lies

First and foremost, why should we be talking about our allocation in dollars?
Are we spending dollar here?
I don't remember Tinubu singing that he's fighting corruption, somehow, many of u are just confused that u post anything u like.
Some of u are so confused that every talk must be about dollar.

I'm not happy with Tinubu government, honestly speaking.

Who created the states. With what formula? To siphon federal allocations to a favoured region.
Northern politicians through Northern military dictators proliferated undue large number of states and local government areas in the old Northern region (19 states + Abuja).
They left a little number of states (17) in the two southern regions, as well as a little number of local people areas.
in a country formed by different regions, land mass or population figures is not used as criterion to create too many new federating units in an area of a country with larger land mass or population.
There's supposed to be more states and local government areas in the two southern regions than in the northern region. Because three regions - east, west and north - formed independent Nigeria in 1960.
The imbalance in allocation of federal allocations and institutions weighs against the southern regions, as well as the lesser electoral power and political representation for the southern regions.

How much got to the poor man ?


Guess who will hail and die for them politicians?



What a vicious cycle 🚴

SmartPolician:
You will think that states have a lot of money because you saw trillions until you convert it into dollars. Nigeria needs creative leaders to help her create wealth.

Is Nigeria spending dollars? It is time to start holding our governors responsible

Hold ur governor for blokos oh... Delta dey collect all dis money yet no tangible sign of development.... D state be like jigawa... Delta people wetin dey xup na

Omo, these oil producing states dey cash out o.

Ojuntana:
What is the value in dollars?

This is just like Tinubu claiming he's fighting corruption with 70k minimum wage when 70k is just $43 from the previous 30k that was about $65

Revenue did not increase. The naira value to dollar fell and they got more naira from same or less dollars

First class accountant indeed


Mtcheew it's even the nation. I won't be surprised if the figures are lies

Is the dollar the Nigeria official currency

With this your comment you'd count yourself to be amongst the wise people

JagabanBorgu:

First and foremost, why should we be talking about our allocation in dollars?
Are we spending dollar here?
I don't remember Tinubu singing that he's fighting corruption, somehow, many of u are just confused that u post anything u like.
Some of u are so confused that every talk must be about dollar.

Go and stuck urself into a shit hole
Make we see road read beta comments here

SmartPolician:
You will think that states have a lot of money because you saw trillions until you convert it into dollars. Nigeria needs creative leaders to help her create wealth.

Convert the money to dollars and it's still alot of money.
Nigeria need creative people to create wealth in the society, ironically, the average Nigerian thinks he/she is very creative and enlightened, this creativity is only shown in taIking about others and averting responsibility, societal leaders who create wealth span across all ramifications in every society, from political to citizens.
You are talking about converting the naira to dollar, why don't you talk about creative citizens in the dollar society creating wealth too?

The headline should have been "How States looted ₦5.3tr Federal Allocation In 2024."

Judolisco:
Hold ur governor for blokos oh... Delta dey collect all dis money yet no tangible sign of development.... D state be like jigawa... Delta people wetin dey xup na

Bayelsa is even worse.

Okiton:


Go and stuck urself into a shit hole
Make we see road read beta comments here

I'm sure u are so used to sh!th0Ie all ur Iife u think everyone is Iike u.

dre11:
• How Delta, Rivers, A/Ibom, Lagos, Bayelsa raked in N1.8tr

• Allocation grew by 95.49% in two years



https://thenationonlineng.net/how-states-shared-n5-3tr-fed-allcation-in-2024/

Nlfpmod

The surge in FAAC allocations over the past few years is undoubtedly a positive development, reflecting a growth in revenue generation and a more equitable distribution of resources among the federal, state, and local governments. However, with great increases in funding comes even greater responsibility. The key issue now is ensuring that these funds are managed effectively and transparently.

States and local governments must prioritize the efficient use of these resources to improve infrastructure, healthcare, education, and other essential services that will directly benefit their citizens. With the increase in allocations, there is no excuse for neglecting basic services or failing to address urgent developmental needs. It’s important that state governments be accountable to the people, not only through better service delivery but also in terms of showing how funds are being spent. Transparency in financial management, audits, and the tracking of public projects will go a long way in boosting public trust.

If this trend of resource mobilization and allocation is to continue in a sustainable way, there needs to be a shift towards better fiscal planning, with a focus on long-term development rather than short-term consumption. Also, effective oversight mechanisms must be in place to ensure that corruption does not take root in these growing allocations. The allocation increases represent a bright future for local governance and economic development, but they must be coupled with sound leadership and a commitment to serving the people responsibly.

Bayelsa state should rank as the most poorly governed state in Nigeria, a small state, few local govt councils, large allocation, yet, they still rank among the poorest states in Nigeria.

SmartPolician:
You will think that states have a lot of money because you saw trillions until you convert it into dollars. Nigeria needs creative leaders to help her create wealth.

Why should you convert in dollars...is our currency the dollar keep hating on Tinubu instead of facing your state governor.