Lagos State has once again emerged as Nigeria’s top revenue-generating state, according to the 2024 Internally Generated Revenue (IGR) Report released by the National Bureau of Statistics (NBS) on Monday.
The report revealed that the 36 states and the Federal Capital Territory (FCT) collectively generated ₦3.6 trillion in 2024, marking a 49.7% increase from the ₦2.43 trillion recorded in 2023.
According to the data, Lagos led the list with ₦1.26 trillion, followed by Rivers with ₦317.3 billion, FCT with ₦282.3 billion, Ogun with ₦194.9 billion, and Enugu with ₦180.5 billion completing the top five.
At the bottom of the chart were Adamawa (₦20.3 billion), Taraba (₦17.46 billion), Kebbi (₦16.97 billion), Ebonyi (₦13.18 billion), and Yobe (₦11.08 billion) — the lowest revenue earners for the year.
The NBS noted that the sharp rise in IGR reflects improved fiscal efficiency and tax compliance across several states, driven by renewed economic activities and digital revenue collection systems.
The report, shared on the bureau’s official X handle, also showed that Delta (₦157.78 billion), Edo (₦91.15 billion), Akwa Ibom (₦75.77 billion), Kano (₦74.77 billion), and Kaduna (₦71.57 billion) ranked within the top ten.
Economists say the figures indicate growing subnational fiscal capacity but warn that disparities between high and low-earning states could widen if structural reforms and economic diversification efforts are not accelerated.
