Lagos State has once again emerged as Nigeria’s highest revenue-generating state, contributing ₦1.26 trillion to the nation’s total Internally Generated Revenue (IGR) in 2024.
This was revealed in the latest Internally Generated Revenue at State Level 2024 report released by the National Bureau of Statistics (NBS) on Monday via its official X (Twitter) handle.
According to the report, the 36 states and the Federal Capital Territory (FCT) collectively generated ₦3.6 trillion in IGR in 2024 — representing a 49.7% increase from the ₦2.43 trillion recorded in 2023.
Lagos maintained a commanding lead with ₦1,261,556,415,048.56, accounting for nearly one-third of the country’s total IGR.
It was followed by:
• Rivers State — ₦317.3 billion
• Federal Capital Territory (FCT) — ₦282.36 billion
• Ogun State — ₦194.93 billion
• Enugu State — ₦180.50 billion
These top five sub-nationals collectively contributed over 53% of Nigeria’s total IGR.
At the other end of the ranking, Yobe, Ebonyi, Kebbi, Taraba, and Adamawa States recorded the lowest IGR figures.
• Yobe — ₦11.08 billion
• Ebonyi — ₦13.18 billion
• Kebbi — ₦16.97 billion
• Taraba — ₦17.46 billion
• Adamawa — ₦20.29 billion
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.
Breakdown of Top and Bottom Performers
Below is a summary of IGR performance by category:
PAYE Tops Tax Revenue Sources
The NBS report explained that total IGR is made up of two broad categories — Tax Revenue and Revenue from Ministries, Departments, and Agencies (MDAs).
Among the tax categories, Pay As You Earn (PAYE) remained the dominant source, contributing ₦1.86 trillion, or 69.84% of total tax revenue.
Other tax types included direct assessment, road taxes, stamp duties, capital gains tax, withholding tax, and local government revenues.
Capital gains tax accounted for the least revenue, with ₦10.57 billion recorded in 2024.
Analysts Hail Rising State Fiscal Capacity
Economic analysts have lauded the sharp increase in state-level revenue generation, describing it as a positive indicator of sub-national fiscal strength and improved tax compliance.
They, however, urged states to diversify beyond PAYE and strengthen internally generated industrial and service revenues to ensure sustainable growth amid declining federal allocations.
