Lagos and Rivers have dominated Nigeria’s revenue rankings since 2008

  • A total of ₦20.45 trillion in Internally Generated Revenue (IGR) has been recorded nationwide since 2008.
  • Lagos State generated ₦1.26 trillion in 2024, maintaining its position as the top revenue-generating state.
  • For five consecutive years, Yobe and Taraba have consistently ranked among the bottom five states in revenue generation.
  • FCT IGR records began in 2018.
  • Enugu State recorded a remarkable 433.03% year-on-year increase in 2024.
  • Ebonyi (–57.27%), Ondo (–24.70%), and Yobe (–0.99%) were the only states that experienced a decline in IGR in 2024.

Nigeria’s 36 states and the Federal Capital Territory (FCT) collectively generated ₦3.63 trillion in Internally Generated Revenue (IGR).

Lagos State maintained its position as the nation’s top revenue generator since 2008, contributing ₦1.26 trillion in 2024, about 34.7% of the total IGR recorded nationwide.

A particularly remarkable development in the 2024 report is the rise of Enugu State, which re-entered the top 10 revenue-generating states for the first time since 2015. The state recorded an impressive ₦180.5 billion, representing a 433% year-on-year increase from its ₦33.8 billion in 2023, a strong indicator of expanding economic activity and improved revenue administration.

Other states that made the top 10 list in 2024 include Rivers, the FCT, Ogun, Delta, Edo, Akwa Ibom, and Kano. However, while most states experienced steady growth, a few, notably Ondo, Ebonyi, and Yobe recorded year-on-year declines, reflecting uneven progress in subnational revenue performance across the country.

Source:

National Bureau of Statistics

Period:

2008-2024
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