Projections indicate that the 36 states in Nigeria are expected to receive a total of N5.5 trillion through the Federation Account Allocation Committee (FAAC) in the year 2024.
Based on the financial data provided in the 2024 approved budget, it is anticipated that states will be allocated an additional N2.24tn compared to the N3.3tn distributed in 2023.
A breakdown of projected revenue:
Lagos State (N596.63bn)
Delta (N564.29bn)
Akwa Ibom (N510.02bn)
Adamawa (N141.62bn)
Anambra (199.52bn)
Bauchi (196.12bn)
Benue (120bn)
Borno (201.87bn)
Ebonyi (N108.32bn)
Edo (N185.35bn)
Ekiti (N81.85bn)
Gombe (N99.6bn)
Enugu (N120bn)
Imo (N136bn)
Jigawa (N107.5bn)
Kogi (N138.17bn)
Kwara (N125.45bn)
Nasarawa (N96.95bn)
Niger (N236.9bn)
Kaduna (N84.39bn)
Katsina (N148.06bn)
Kebbi (N145.02bn)
Ondo (N45.36bn)
Osun (N99.09bn)
Oyo (N201.27bn)
Taraba (N112bn)
Plateau (N151.42bn)
Sokoto (N108bn)
Yobe (N87.94bn)
Zamfara (N107.93bn).
