Akwa Ibom was Nigeria’s most FAAC-dependent state in 2024, with gross FAAC accounting for 92.66% of its total revenue. Sokoto ranked second at 92.17%, followed by Taraba at 88.58%.
The ranking covers 35 states and excludes Rivers State. The figures are based on 2024 state financial data compiled from audited financial statements. BudgIT’s 2024 State of States report gives the gross FAAC, total revenue and FAAC-dependence figures used in the ranking.
2024 Ranking
FAAC dependence measures gross FAAC as a percentage of total state revenue.
FAAC dependence = Gross FAAC ÷ Total revenue × 100
| Rank | State | Gross FAAC | Total Revenue | FAAC Dependence |
| 1 | Akwa Ibom | ₦1.01tn | ₦1.09tn | 92.66% |
| 2 | Sokoto | ₦259.61bn | ₦281.66bn | 92.17% |
| 3 | Taraba | ₦220.58bn | ₦249.02bn | 88.58% |
| 4 | Anambra | ₦308.96bn | ₦351.93bn | 87.79% |
| 5 | Delta | ₦1.19tn | ₦1.38tn | 86.20% |
| 6 | Bayelsa | ₦794.43bn | ₦925.46bn | 85.84% |
| 7 | Kebbi | ₦119.31bn | ₦142.91bn | 83.48% |
| 8 | Oyo | ₦425.60bn | ₦511.26bn | 83.25% |
| 9 | Gombe | ₦286.22bn | ₦345.39bn | 82.87% |
| 10 | Katsina | ₦256.81bn | ₦320.11bn | 80.23% |
| 11 | Yobe | ₦216.30bn | ₦270.01bn | 80.11% |
| 12 | Edo | ₦358.51bn | ₦448.72bn | 79.90% |
| 13 | Niger | ₦374.28bn | ₦468.62bn | 79.87% |
| 14 | Abia | ₦285.52bn | ₦362.83bn | 78.69% |
| 15 | Benue | ₦257.14bn | ₦327.61bn | 78.49% |
| 16 | Borno | ₦338.25bn | ₦442.11bn | 76.51% |
| 17 | Kano | ₦381.74bn | ₦506.04bn | 75.44% |
| 18 | Cross River | ₦265.83bn | ₦354.17bn | 75.06% |
| 19 | Ekiti | ₦287.23bn | ₦383.51bn | 74.90% |
| 20 | Osun | ₦226.63bn | ₦306.56bn | 73.92% |
| 21 | Plateau | ₦197.43bn | ₦274.90bn | 71.82% |
| 22 | Ondo | ₦287.83bn | ₦403.50bn | 71.33% |
| 23 | Zamfara | ₦221.42bn | ₦315.53bn | 70.18% |
| 24 | Kaduna | ₦340.45bn | ₦494.51bn | 68.85% |
| 25 | Kwara | ₦208.66bn | ₦304.00bn | 68.64% |
| 26 | Bauchi | ₦222.97bn | ₦337.15bn | 66.13% |
| 27 | Nasarawa | ₦194.86bn | ₦307.82bn | 63.30% |
| 28 | Jigawa | ₦263.98bn | ₦427.52bn | 61.75% |
| 29 | Adamawa | ₦135.72bn | ₦230.21bn | 58.96% |
| 30 | Enugu | ₦255.67bn | ₦450.29bn | 56.78% |
| 31 | Ebonyi | ₦112.22bn | ₦241.59bn | 46.45% |
| 32 | Imo | ₦153.86bn | ₦400.93bn | 38.38% |
| 33 | Kogi | ₦127.78bn | ₦421.44bn | 30.32% |
| 34 | Lagos | ₦670.99bn | ₦2.25tn | 29.87% |
| 35 | Ogun | ₦127.57bn | ₦512.84bn | 24.88% |
Key Findings From The 2024 Figures
Twenty-three of the 35 states recorded FAAC dependence above 70%. Eleven states recorded rates above 80%, while seven recorded rates below 60%.
The average FAAC-dependence rate across the 35 states was 70.39%, while the median was 75.06%. The gap between the highest and lowest rates was 67.78 percentage points.
Akwa Ibom had the highest dependence rate at 92.66%, followed closely by Sokoto at 92.17%. Taraba and Anambra also recorded rates above 87%, while Delta and Bayelsa exceeded 85%.
At the lower end, Ogun recorded 24.88%, Lagos 29.87% and Kogi 30.32%. Imo and Ebonyi recorded 38.38% and 46.45%, respectively.
Highest And Lowest FAAC Dependence
Akwa Ibom recorded ₦1.01 trillion in gross FAAC against total revenue of ₦1.09 trillion. Its 92.66% dependence rate means that gross FAAC accounted for almost all of the revenue included in the calculation.
Sokoto recorded ₦259.61 billion in gross FAAC and ₦281.66 billion in total revenue, producing a rate of 92.17%.
Ogun recorded the lowest rate, with ₦127.57 billion in gross FAAC against total revenue of ₦512.84 billion. Lagos recorded ₦670.99 billion in gross FAAC against ₦2.25 trillion in total revenue.
The ranking shows why the amount of FAAC received does not determine FAAC dependence. A state can receive a large allocation and still record a relatively low dependence rate when its total revenue is much higher.
States Receiving The Most FAAC
Delta received the largest gross FAAC allocation among the 35 states at ₦1.19 trillion. Akwa Ibom followed with ₦1.01 trillion, while Bayelsa received ₦794.43 billion.
Lagos received ₦670.99 billion, followed by Oyo at ₦425.60 billion.
Delta ranked first by gross FAAC but fifth by dependence. Lagos ranked fourth by gross FAAC but 34th by dependence.
The two rankings therefore measure different aspects of state revenue. Gross FAAC measures the amount received, while FAAC dependence measures the share of total revenue represented by that amount.
Non-FAAC Revenue Share
The non-FAAC share can be calculated by subtracting the FAAC-dependence rate from 100%.
Ogun recorded the highest non-FAAC share at 75.12%, followed by Lagos at 70.13%, Kogi at 69.68%, Imo at 61.62%, and Ebonyi at 53.55%.
Akwa Ibom recorded the lowest non-FAAC share among the 35 states at 7.34%. Sokoto recorded 7.83%, Taraba 11.42%, Anambra 12.21% and Delta 13.80%.
The non-FAAC share should not automatically be treated as internally generated revenue because total revenue can contain revenue categories other than FAAC and IGR.
Changes Between 2023 And 2024
Bayelsa recorded the highest FAAC dependence among the states in 2023 at 92.17%. Akwa Ibom ranked second at 86.29%, while Delta ranked third at 83.88%.
In 2024, Akwa Ibom moved into first place at 92.66%, while Bayelsa ranked sixth at 85.84%.
Oyo recorded an increase from 46.38% in 2023 to 83.25% in 2024, a change of 36.87 percentage points. Sokoto increased from 55.67% to 92.17%, a change of 36.50 percentage points.
Kogi recorded the largest decline among the changes provided, falling from 61.29% in 2023 to 30.32% in 2024.
Imo’s dependence fell from 64.89% to 38.38%, while Enugu’s fell from 70.68% to 56.78%.
What The Ranking Measures
The ranking measures the proportion of total state revenue represented by gross FAAC. It does not rank states by the amount of FAAC received.
For example, Delta received ₦1.19 trillion in gross FAAC, the highest amount among the 35 states, but its 86.20% dependence rate placed it fifth. Ogun received ₦127.57 billion, yet its 24.88% rate placed it last because its total revenue was ₦512.84 billion.
The calculation uses the same formula across the dataset:
FAAC dependence = Gross FAAC ÷ Total revenue × 100
For Akwa Ibom, ₦1.01 trillion in gross FAAC divided by ₦1.09 trillion in total revenue produces a dependence rate of 92.66%.
For Lagos, ₦670.99 billion divided by ₦2.25 trillion produces a rate of 29.87%.
Sources And Methodology
The 2024 ranking uses gross FAAC and total-revenue figures reported for 35 states. BudgIT’s State of States 2025 report provides the 2024 figures used for the ranking.
State-level audited financial statements provide the underlying financial reporting. For example, Akwa Ibom’s 2024 audited statement reports ₦983.27 billion in government share of FAAC, while its financial performance statement records the state’s revenue categories for the year. Sokoto State also published its 2024 audited financial statement through its official website, while Taraba’s Ministry of Finance lists its 2024 audited financial report.
The ranking uses gross FAAC divided by total revenue rather than gross FAAC divided by internally generated revenue or another revenue measure.
