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Emerging Markets

Lagos overtakes oil states as top FAAC earner with N365.78 billion

Nairametrics · 2h ago · 🇳🇬 Nigeria

Lagos overtakes oil states as top FAAC earner with N365.78 billion

Nigeria’s states received significantly higher disbursements from the Federation Account in H1 2026, reflecting stronger distributable revenues from statutory revenue, Value Added Tax (VAT), derivation revenue, Electronic Money Transfer Levy (EMTL) and other revenue streams. The post Lagos overtakes oil states as top FAAC earner with N365.78 billion appeared first on Nairametrics .

Read the full story at Nairametrics →

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