The Federation Account Allocation Committee (FAAC) has disbursed a total sum of N2.07 trillion to the three tiers of government, derived from revenue collections in January 2024.
Breaking down the allocation to states, Akwa Ibom emerged as the top beneficiary, receiving a substantial allocation of N26.6 billion, followed closely by Delta State, which obtained N38.1 billion.
Other notable allocations include Bayelsa with N22.8 billion, Rivers with N28.4 billion, and Lagos with N23.6 billion.
However, some states received comparatively lower allocations, with Ekiti receiving N6.9 billion, Cross River receiving N6.6 billion, and Gombe receiving N7.1 billion.
States Breakdown:
Abia: 8.3BN
Adamawa: 8.4BN
Akwa Ibom: 26.6BN
Anambra: 10.1BN
Bauchi: 8.3BN
Bayelsa: 22.8BN
Benue: 9.7BN
Borno: 10.5BN
Cross River: 6.6BN
Delta: 38.1BN
Ebonyi: 7.3BN
Edo: 10.2BN
Ekiti: 6.9BN
Enugu: 8.5BN
Gombe: 7.1BN
Imo: 9.5BN
Jigawa: 9.8BN
Kaduna: 7.3BN
Kano: 13.6BN
Katsina: 9.8BN
Kebbi: 8.8BN
Kogi: 7.4BN
Kwara: 7.3BN
Lagos: 23.6BN
Nasarawa: 7.7BN
Niger: 8.5BN
Ogun: 7.1BN
Ondo: 10.3BN
Osun: 7.8BN
Oyo: 10.5BN
Plateau: 7.8BN
Rivers: 28.4BN
Sokoto: 8.4BN
Taraba: 8.1BN
Yobe: 7.9BN
Zamfara: 7.9BN
This distribution of funds by FAAC is expected to have significant implications for various developmental projects and initiatives at the state level, as governments strive to utilise these funds effectively for the betterment of their respective communities.
