Korede Abdullah 
LAGOS, Nigeria – Internally Generated Revenue (IGR) across Nigeria’s 36 states and the Federal Capital Territory (FCT) rose sharply by 49.7 per cent in 2024, reaching ₦3.63 trillion from ₦2.43 trillion in 2023, according to the National Bureau of Statistics (NBS).
The NBS report shows Lagos, Rivers, and the FCT topping the chart with ₦1.26 trillion, ₦317.30 billion, and ₦282.36 billion respectively — reaffirming their dominance in Nigeria’s fiscal landscape.
“The 36 states and the FCT generated a total of ₦3.63 trillion as IGR in 2024, indicating a growth rate of 49.70 per cent from ₦2.43 trillion in 2023,” the NBS stated.
Conversely, Yobe, Ebonyi, and Kebbi posted the lowest revenues — ₦11.08 billion, ₦13.18 billion, and ₦16.97 billion respectively — exposing wide disparities in regional productivity and administrative efficiency.
According to the report, IGR came from two major sources: tax revenues and income from Ministries, Departments, and Agencies (MDAs).
Tax collections, including Pay-As-You-Earn (PAYE), road taxes, direct assessments, stamp duties, and withholding taxes, contributed 73.35 per cent of total revenue.
“PAYE remained the largest contributor, accounting for ₦1.86 trillion or 69.84 per cent of total tax receipts, while capital gains tax contributed the least at ₦10.57 billion,” the NBS added.
Analysts say the sharp rise in IGR signals improving fiscal discipline in some states but highlights the urgent need for others to expand their revenue base beyond federal allocations.
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Chukwu Obinna 
Oluwatobi Adu 
Otamere Gladness