Lagos Retains Top Spot as NBS Releases 2024 IGR Report

Lagos State has once again emerged as Nigeria’s top revenue-generating state, according to the 2024 Internally Generated Revenue (IGR) at State Level report released by the National Bureau of Statistics (NBS).

The report, published on Monday via the NBS official X handle, showed that the 36 states and the Federal Capital Territory (FCT) collectively generated ₦3.6 trillion in 2024 — a 49.7 per cent increase from ₦2.43 trillion recorded in 2023.

Top Five States by IGR (2024)

• 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

Bottom Five States

• 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

Lagos alone accounted for more than one-third of the total IGR, maintaining its long-held position as the country’s economic powerhouse. Rivers and the FCT followed distantly in second and third place.

Other Notable Performers

• 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

• Oyo: ₦65,287,038,267.92

The report highlights the widening gap between high-performing and low-performing states in revenue generation, reflecting disparities in economic activity, tax compliance, and internal efficiency.