Lagos has retained its position as the state with the highest internally generated revenue (IGR) in Nigeria, according to the National Bureau of Statistics’ 2024 Internally Generated Revenue at State Level report released on Monday. The report shows that the 36 states and the Federal Capital Territory collectively generated ₦3.6 trillion in IGR, a 49.7 % increase from the ₦2.43 trillion recorded in 2023.
The top five revenue‑generating jurisdictions are Lagos (₦1,261,556,415,048.56), Rivers (₦317,303,986,832.38), the Federal Capital Territory (₦282,364,055,025.74), Ogun (₦194,933,884,872.57) and Enugu (₦180,500,141,598.36). The bottom five are Adamawa (₦20,298,222,818.56), Taraba (₦17,460,514,087.44), Kebbi (₦16,971,704,831.43), Ebonyi (₦13,177,829,475.63) and Yobe (₦11,084,367,202.33).
A full breakdown of IGR by state is as follows: Lagos (₦1,261,556,415,048.56); Rivers (₦317,303,986,832.38); FCT (₦282,364,055,025.74); Ogun (₦194,933,884,872.57); Enugu (₦180,500,141,598.36); Delta (₦157,785,188,072.55); Edo (₦91,153,908,548.19); Akwa Ibom (₦75,768,017,871.08); Kano (₦74,771,014,335.51); Kaduna (₦71,574,658,542.97); Kwara (₦71,197,075,565.91); Bayelsa (₦64,013,288,202.51); Oyo (₦65,287,038,267.92); Osun (₦54,767,865,323.88); Cross River (₦47,018,239,529.33); Anambra (₦42,689,648,058.74); Abia (₦40,009,340,912.93); Katsina (₦39,152,790,613.55); Bauchi (₦32,427,554,765.85); Kogi (₦32,012,618,177.80); and Niger (₦34,660,234,106.71).
This substantial rise in IGR is a positive development for the Nigerian economy, suggesting a shift toward greater financial autonomy for the states. As the country continues to navigate economic challenges, the importance of internally generated revenue cannot be overstated. The NBS report offers valuable insight into each state’s revenue‑generation capacity, highlighting both strengths and areas needing improvement.
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