FULL LIST: Lagos Retains IGR Crown, Generated Over ₦1.2tn in 2024

Lagos State kept its crown as Nigeria’s biggest sub-national revenue generator in 2024, as the National Bureau of Statistics released the Internally Generated Revenue at State Level 2024 report.

According to the report, announced on Monday via NBS X handle, 36 states and the Federal Capital Territory together produced ₦3.6 trillion in IGR.

This represents a 49.7 per cent rise from ₦2.43 trillion in 2023.

Top 5 IGR generators
Lagos — ₦1,261,556,415,048.56 (roughly one-third of total IGR).

Rivers — ₦317,303,986,832.38.

FCT — ₦282,364,055,025.74.

Ogun — ₦194,933,884,872.57.

Enugu — ₦180,500,141,598.36.

Bottom five
Adamawa — ₦20,298,222,818.56.

Taraba — ₦17,460,514,087.44.

Kebbi — ₦16,971,704,831.43.

Ebonyi — ₦13,177,829,475.63.

Yobe — ₦11,084,367,202.33.

Full list ranked highest to lowest
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.

Jigawa — ₦59,455,563,495.20.

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.

Niger — ₦34,660,234,106.71.

Ekiti — ₦35,213,748,270.98.

Plateau — ₦31,139,826,680.23.

Ondo — ₦31,251,840,302.79.

Borno — ₦27,803,527,850.21.

Zamfara — ₦25,455,960,759.33.

Imo — ₦25,270,602,765.46.

Nassarawa — ₦25,518,692,329.97.

Gombe — ₦20,724,823,840.00.

Sokoto — ₦20,845,754,441.54.

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.

Yobe — ₦11,084,367,202.33.

The IGR calculated has two (2) broad categories of revenues: Tax Revenue and Ministries, Departments and Agencies’ (MDAs’) Revenue.

Taxes include PAYE, Direct assessment, Road taxes, Stamp duties, Capital gain tax, withholding taxes, Other taxes and LGAs’ revenue.

PAYE was the most tax revenue recorded during the period (₦1.86 trillion), representing 69.84 per cent of the total taxes collected, while capital gains tax was the least with ₦10.57 billion.

PUNCH