Nigeria’s 36 states and the Federal Capital Territory (FCT) generated a total of N3.63 trillion in Internally Generated Revenue (IGR) in 2024, according to new data released by the National Bureau of Statistics (NBS) and the Federal Inland Revenue Service (FIRS).
The report, published by TheCable Index, shows that Lagos State maintained its position as the country’s economic powerhouse, topping the chart with N1.26 trillion, accounting for more than one-third of the total revenue generated nationwide.
Rivers State followed as the second-highest revenue earner with N317.30 billion, while the Federal Capital Territory (FCT) ranked third with N282.36 billion. Ogun State and Enugu State completed the top five with N194.93 billion and N180.50 billion, respectively.
Other high-performing states include Delta (N157.79bn), Edo (N91.15bn), Akwa Ibom (N75.77bn), Kwara (N71.20bn), and Kano (N74.77bn).
At the lower end of the ranking, Ebonyi (N13.18bn) and Yobe (N11.08bn) recorded the least revenue, indicating a significant disparity in economic productivity across the federation.
The NBS report highlights the continued dominance of Lagos and oil-rich states like Rivers and Delta in Nigeria’s subnational revenue generation, reflecting the uneven distribution of economic activities and investment opportunities across the country.
