Agora Report: States Received N2.52 trillion FAAC Allocations and Collected N1.02 trillion IGR in Q1

Ndubuisi Francis in Abuja

In the first quarter of 2026, 32 of the federation’s 36 states generated a total of N3.54 trillion in actual revenue, of which N2.52 trillion came from the Federation Account Allocation Committee (FAAC).

This figure is reported by Agora Policy, an independent Nigerian non‑profit think tank and research institute.

The study covered all states except Anambra, Delta, Ogun and Rivers. It found that in Q1 2026, 32 states together achieved 66.5 % of their projected revenue.

Of the N3.54 trillion in actual revenue, N2.52 trillion (71.2 %) was sourced from FAAC and N1.02 trillion (28.8 %) came from internally generated revenue (IGR).

The report notes that the states received 69 % of their projected FAAC revenue, while their combined IGR fell short by 39 % of the estimates.

“IGR accounted for over 50 % of revenue in Lagos and Ogun, while FAAC accounted for over 50 % of revenue in 30 other states,” the report states.

In Q1 2026, Oyo, Ekiti and Ondo recorded revenues (FAAC + IGR) that exceeded their budget projections, whereas 29 states fell short.

“Out of the 32 states, Oyo, Ondo and Lagos received more FAAC revenue than budgeted, while 29 states recorded lower-than-projected FAAC allocations,” the report emphasizes.

According to the findings, four states—Ekiti, Cross River, Yobe and Kogi—generated more IGR than projected, while 28 states fell short of their IGR targets.

In terms of value, Lagos, Oyo and Bayelsa received the highest total revenue and FAAC revenue in Q1 2026, whereas Lagos, Ogun and Enugu recorded the highest IGR.