States with highest Federation Accounts Allocation Committee revenues in Nigeria 2022
Between January and June 2022, Delta registered Nigeria's highest Federation Accounts Allocation Committee (FAAC) allocations. The state received nearly 123 billion Nigerian naira (NGN) (284 million U.S. dollars) in FAAC revenue in that period. Akwa Ibom and Rives followed with around 104 billion NGN and 101 billion NGN (241 million and 234 million U.S. dollars), respectively. According to the source, five of the leading states listed here are oil-producing states receiving a 13 percent derivation fund besides their FAAC allocations.