Nigeria's Federation Account Allocation Committee (FAAC) has released the net allocation figures for states in January 2026, showing a significant increase in revenue distribution compared to the previous month. The total net allocation for the month stands at N703.26 billion, a 7.18% increase from the N655.45 billion disbursed in December 2025.
The increase in revenue distribution is a welcome development for states, which have been grappling with financial constraints. However, the actual amount allocated to each state varies significantly, with some states receiving significantly more than others.
According to the FAAC figures, the top five states with the highest net FAAC allocation in January 2026 are Lagos, Rivers, Delta, Ogun, and Edo. Lagos received the highest allocation of N34.85 billion, followed closely by Rivers with N28.93 billion.
The staggering disparity in FAAC allocations between states highlights the need for a more equitable distribution of revenue. The fact that Lagos alone received over N34 billion in January 2026 raises questions about the fairness of the current system. As the country struggles to address its economic challenges, it is imperative that the FAAC allocations are reviewed to ensure that all states receive a fair share of the revenue. This would help to alleviate the financial burden on states and promote sustainable development across the country.
