Korede Abdullah in Lagos
Nigeria’s 36 states and the Federal Capital Territory (FCT) have recorded a significant increase in internally generated revenue (IGR), reaching N2.43 trillion in 2023.
This represents a 26.5% growth from the N1.92 trillion recorded in 2022, indicating improved internal revenue mobilization efforts.
The National Bureau of Statistics (NBS) attributed the IGR growth to taxes and revenues from various ministries, departments, and agencies (MDAs).
Lagos State led the pack with N815.86 billion, accounting for 33.6% of the total IGR. This figure marks a substantial 25% increase from N651.15 billion in 2022.
Other top-performing states include the FCT with N211.10 billion, Rivers State with N195.41 billion, Ogun State with N146.87 billion, and Delta State with N90.91 billion.
In contrast, Taraba State recorded the lowest IGR at N10.86 billion, followed closely by Yobe, Kebbi, and Gombe.
Regional revenue patterns showed the southwest zone generating the highest IGR of N1.1 trillion, with Lagos contributing 73% of the regional total.
The south-south zone followed with N468.7 billion, while the southeast, northwest, and north-central zones recorded N142.9 billion, N206.2 billion, and N387.6 billion, respectively.
The northeast zone generated the least revenue, totalling N104.3 billion. These figures highlight ongoing revenue collection challenges in certain regions, particularly in northern states.
The NBS report underscores Nigeria’s progress in revenue collection, especially at the state level, with Lagos State consistently demonstrating strong revenue generation, solidifying its position as Nigeria’s commercial hub.
