Lagos state contributes 34.7% to N3.63trn IGR in 2024, says  NBS

The latest report by the National Bureau of Statistics (NBS), has revealed that Lagos state contributed 34.7 per cent to N3.63 trillion Internally Generated Revenue (IGR) generated by 36 states and FCT in 2024. 

The top 10 sates with the highest IGR in 2024, include: Lagos, Rivers, and the Federal Capital Territory (FCT).

Lagos State recorded a remarkable N1.26 trillion IGR, up from N815.86 billion in 2023, a 54.63per cent year-on-year growth, reaffirming its position as Nigeria’s economic powerhouse.

These figures highlight a positive trend in state-level fiscal independence and improved revenue mobilisation. Not surprising that Lagos continues to lead the way.

According to NBS report, River state   followed  by FCT with  N317.3 billion and N282.36 billion IGR, respectively in  2024.

In the South West state,  Lagos staate was followed by Ogun state with N194.9  billion IGR in 2024,