Nigeria's Federation Account Allocation and Internally Generated Revenue by Geopolitical Zone in 2020

Nigeria's Federation Account Allocation Committee (FAAC) shared a total of ₦4.19 trillion among 36 states and the FCT in 2020. Lagos State made ₦419 billion in internally generated revenues (IGR) — 32% of the IGR by all states combined.

Source:

Economic Confidential

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Period:

2020

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From 2011 to 2022, the highest total revenue recorded by the Nigerian government was in 2011, reaching 17.73%

Key Takeaways:

Nigeria's total revenue decreased from 17.73% of GDP in 2011 to 9.09% in 2022.
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Libya's total revenue (85.78% of GDP) significantly surpassed all other African states.
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Equatorial Guinea and Sao Tomé & Príncipe in Western Africa recorded total revenue of 30.79% and 25.38% respectively.
South Africa generated 27.74% of its GDP in revenue.
The top ten countries reported total revenue exceeding 28%.

Ebonyi & Lagos: Nigeria’s leaders in revenue growth and collection in 2023

Lagos led Nigerian states with ₦815.9 billion in Internally Generated Revenue for 2023, followed by the FCT with ₦211.1 billion. Despite only a 25% growth, Lagos’ IGR confirms its economic dominance. The FCT, meanwhile, recorded an impressive 70% increase. Ebonyi, though with lower revenue, achieved an astonishing 148% growth. Taraba generated the least revenue, increasing by 6%.

Nigeria: Federation Account Allocation and Internally Generated Revenue by South-Western States in 2020

Lagos contributed the most IGR among all states in the country but got an allocation 28.5% less than its IGR. Here is a breakdown of the Federation Account Allocation and Internally Generated Revenue by South-Western states in 2020.

Nigeria: Federation Account Allocation and Internally Generated Revenue by South-Southern States in 2020

Rivers State generated the highest revenue among the South-Southern states in 2020, making it the second top contributor among all states. Delta State received the highest allocation from the FAAC in the region.

Nigeria: Federation Account Allocation and Internally Generated Revenue by South-Eastern States in 2020

In total, the South-Eastern region received the least share of the FAA in 2020. Imo State received the highest FAA among the South-Eastern states. Here is a breakdown of the Federation Account Allocation and Internally Generated Revenue by South-Eastern states in 2020.