Analysis of Top 10 Nigerian States with Highest FAAC Allocation in 2025
The article delves into the top 10 states in Nigeria with the highest Federal Account Allocation Committee (FAAC) allocation in 2025. The analysis reveals that oil-producing states and major commercial centers such as Lagos, Delta, and Rivers lead in total gross receipts.
Ondo state ranks 10th in the FAAC allocation chart for 2025, receiving a total net amount of N198.42 billion, marking a significant increase of 51.55% compared to the previous year. This surge is primarily attributed to higher net statutory inflow and a stronger Value Added Tax (VAT) performance driven by nationwide consumption growth.
The improved electronic transactions have boosted gross statutory revenue, leading to better earnings for oil-linked states and increased federal revenue collection.
Plus234Feed summary based on reporting from Nairametrics. Read the original report below.
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