Lagos State · Federal allocation
Lagos State FAAC Allocation 2026
What landed each month, where it came from, and what came off first.
Lagos State received ₦424,613,076,597 (about ₦424.6B) in FAAC federal allocations between January and July 2026. That is about ₦60.66B a month.
Net allocation received · Jan–Jul 2026
7 months on record₦424,613,076,597
+53.8% compared with the same 7 months of 2025 · not adjusted for inflation
Highest · February
₦99.98BLowest · April
₦40.51BWhere the money came from
Share of gross allocation
The state’s share of the 7.5% tax paid on goods and services.
The state’s share of the Federation Account: oil and gas income, company taxes and customs duties.
A top-up added to the month’s pool from other federal revenue.
The ₦50 charged on bank transfers of ₦10,000 or more.
Money set aside for erosion, flooding and other environmental problems.
Before deductions. Percentages may not sum to 100% due to rounding. Covers 6 of the 7 months on record. April is left out: the imported figures for that month do not add up to its total.
Before the money arrived
- Gross allocation
- ₦553,653,659,935
- VAT deduction
- − ₦70,202,176,309
- An amount taken from the state’s VAT share before payment.
- External debt repayment
- − ₦58,337,187,304
- Repayments on the state’s foreign loans, taken before the money is paid out.
- Other deductions
- − ₦501,219,725
- Amounts the report shows as taken off, without saying what for.
- Net received
- ₦424,613,076,597
About ₦23.31 of every ₦100 was taken off before Lagos was paid.
Local governments got their own
Lagos’s 20 local governments were allocated ₦362.02B in 2026, across 7 months on record.
That money is separate. It is not part of the state’s figure on this page.
See each local government’s shareMonth by month
7 months on recordOpen a month to see what came in and what was deducted. The percentage is the change on the month before.
Januaryfrom December 2025 revenue₦55.83B+65.2% on the month before
What came in
- Value added tax (VAT)82.8%
- ₦61,004,268,877
- Statutory allocation12.3%
- ₦9,080,582,816
- Electronic transfer levy4.5%
- ₦3,314,233,473
- Ecological fund0.3%
- ₦251,462,293
- Gross allocation
- ₦73,650,547,459
What came off first
- VAT deduction
- − ₦10,886,025,187
- External debt repayment
- − ₦6,937,812,108
- Net received
- ₦55,826,710,164
Februaryfrom January revenue₦99.98B+79.1% on the month before
What came in
- Value added tax (VAT)92.9%
- ₦111,221,687,278
- Statutory allocation6.2%
- ₦7,408,544,231
- Augmentation0.8%
- ₦918,508,170
- Ecological fund0.2%
- ₦230,595,297
- Gross allocation
- ₦119,779,334,978
What came off first
- VAT deduction
- − ₦9,886,025,187
- External debt repayment
- − ₦9,706,157,596
- Other deductions
- − ₦205,159,686
- Net received
- ₦99,981,992,508
Marchfrom February revenue₦44.40B−55.6% on the month before
What came in
- Value added tax (VAT)82.5%
- ₦51,933,950,387
- Statutory allocation17.0%
- ₦10,691,056,958
- Ecological fund0.5%
- ₦296,060,039
- Gross allocation
- ₦62,921,067,384
What came off first
- VAT deduction
- − ₦9,886,025,187
- External debt repayment
- − ₦8,338,643,520
- Other deductions
- − ₦296,060,039
- Net received
- ₦44,400,338,638
Aprilfrom March revenue₦40.51B−8.8% on the month before
The imported figures for April do not add up to its total of ₦40,510,261,527, so only the total is shown. It needs checking against the official report.
What came off first
- Gross allocation
- ₦58,734,930,234
- VAT deduction
- − ₦9,886,025,187
- External debt repayment
- − ₦8,338,643,520
- Net received
- ₦40,510,261,527
Mayfrom April revenue₦64.71B+59.7% on the month before
What came in
- Value added tax (VAT)84.6%
- ₦70,164,363,587
- Statutory allocation12.2%
- ₦10,129,082,586
- Augmentation2.8%
- ₦2,296,270,426
- Ecological fund0.4%
- ₦344,086,699
- Gross allocation
- ₦82,933,803,298
What came off first
- VAT deduction
- − ₦9,886,025,187
- External debt repayment
- − ₦8,338,643,520
- Net received
- ₦64,709,134,591
Junefrom May revenue₦60.35B−6.7% on the month before
What came in
- Value added tax (VAT)82.9%
- ₦65,137,777,176
- Statutory allocation16.6%
- ₦13,073,251,397
- Ecological fund0.5%
- ₦362,028,500
- Gross allocation
- ₦78,573,057,074
What came off first
- VAT deduction
- − ₦9,886,025,187
- External debt repayment
- − ₦8,338,643,520
- Net received
- ₦60,348,388,367
Julyfrom June revenue₦58.84B−2.5% on the month before
What came in
- Value added tax (VAT)77.2%
- ₦59,481,745,580
- Statutory allocation19.2%
- ₦14,809,213,188
- Augmentation3.0%
- ₦2,296,270,426
- Ecological fund0.6%
- ₦473,690,315
- Gross allocation
- ₦77,060,919,509
What came off first
- VAT deduction
- − ₦9,886,025,187
- External debt repayment
- − ₦8,338,643,520
- Net received
- ₦58,836,250,802
Check the source
About these figures
Source: monthly FAAC disbursement reports (net allocations to Lagos State), as published in the National Bureau of Statistics’ disbursement tables. Net means what is left after deductions at source.
Each month is named for when the money was shared, which is the month after the revenue was earned. Only months in our records are listed. A missing month does not mean nothing was paid.
Local governments’ allocations are separate and are not in the state’s total. An allocation is income: it does not show how the money was spent.