Lagos State has retained its position as Nigeria’s leading sub-national revenue generator in 2024, according to the Internally Generated Revenue at State Level 2024 report released by the National Bureau of Statistics.
The report, announced Monday via the NBS official X handle, revealed that Nigeria’s 36 states and the Federal Capital Territory collectively generated ₦3.6 trillion in internally generated revenue during the year.
This figure represents a 49.7 percent increase from the ₦2.43 trillion recorded in 2023, underscoring improved revenue mobilization across the federation.
Lagos State led the revenue table with ₦1,261,556,415,048.56, accounting for approximately one-third of the total IGR generated nationwide. The state’s performance significantly outpaced other sub-national entities, reinforcing its status as Nigeria’s economic powerhouse.
Rivers State secured second position with ₦317,303,986,832.38, while the Federal Capital Territory placed third with ₦282,364,055,025.74.
Ogun State ranked fourth, generating ₦194,933,884,872.57, followed by Enugu State in fifth place with ₦180,500,141,598.36.
The top five revenue generators collectively accounted for a substantial portion of the national IGR total, highlighting the concentration of economic activity in these jurisdictions.
At the lower end of the revenue spectrum, Yobe State recorded the lowest IGR at ₦11,084,367,202.33, followed by Ebonyi State with ₦13,177,829,475.63, Kebbi State with ₦16,971,704,831.43, Taraba State with ₦17,460,514,087.44, and Adamawa State with ₦20,298,222,818.56.
The significant disparity between top and bottom performers underscores regional variations in economic capacity and revenue generation efficiency across Nigerian states.
The complete IGR rankings from highest to lowest are 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), Jigawa (₦59,455,563,495.20), 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), Ekiti (₦35,213,748,270.98), Niger (₦34,660,234,106.71), Bauchi (₦32,427,554,765.85), Kogi (₦32,012,618,177.80), Plateau (₦31,139,826,680.23), Ondo (₦31,251,840,302.79), Borno (₦27,803,527,850.21), Nassarawa (₦25,518,692,329.97), Zamfara (₦25,455,960,759.33), Imo (₦25,270,602,765.46), Sokoto (₦20,845,754,441.54), Gombe (₦20,724,823,840.00), Benue (₦20,434,774,732.75), 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).
According to the NBS methodology, internally generated revenue comprises two primary categories: Tax Revenue and revenues from Ministries, Departments, and Agencies.
Tax revenue encompasses Pay As You Earn (PAYE), direct assessment, road taxes, stamp duties, capital gains tax, withholding taxes, other taxes, and Local Government Area revenues.
The report revealed that PAYE constituted the largest component of tax revenue during the period, generating ₦1.86 trillion and representing 69.84 percent of total taxes collected across all states and the FCT.
Capital gains tax recorded the lowest contribution at ₦10.57 billion, reflecting its relatively minor role in the overall revenue mix.
The 2024 IGR performance demonstrates enhanced fiscal capacity across Nigerian states, though the substantial gap between top and bottom performers continues to highlight developmental disparities requiring targeted policy interventions to promote more equitable revenue generation capabilities nationwide.
