Lagos State generated the vast majority of Nigeria's IGR at ₦1.3 trillion, accounting for over 35% of the ₦3.7 trillion total IGR

  • Nigeria’s total IGR in 2024 was ₦3.7 trillion.
  • Lagos State generated ₦1.3 trillion, accounting for over 35% of the national IGR.
  • Rivers State (₦317.3 billion) and the FCT, Abuja (₦282.4 billion) ranked second and third, respectively.
  • The South West led regionally with ₦1.7 trillion in total IGR.
  • The North East recorded the lowest regional IGR at ₦129.8 billion.
  • Economic disparity between regions remains wide, with Lagos alone outpacing entire regions.

Nigeria’s internally generated revenue (IGR) of ₦3.7 trillion in 2024 was dominated by Lagos State, which contributed ₦1.3 trillion, more than 35% of the national total. This underscores Lagos’ position as the country’s economic powerhouse, driven by its vibrant commercial activities, large population, and developed tax infrastructure.

Other top-performing states, including Rivers (₦317.3 billion) and the FCT (₦282.4 billion), also play key roles in sustaining subnational fiscal strength, but the gap between Lagos and other regions remains striking.

At the regional level, the South West led with ₦1.7 trillion, followed by the South South (₦753 billion) and the North Central (₦497.3 billion); the North East recorded the lowest with ₦129.8 billion.

Source:

National Bureau of Statistics

Period:

2024
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