The 36 states and the Federal Capital Territory (FCT) collectively generated ₦2.43 trillion in internally generated revenue (IGR) in 2023.
According to a report released by the National Bureau of Statistics (NBS) on Monday, this figure marks a 26.5% increase from the ₦1.92 trillion recorded in 2022.
IGR revenue stems from two primary sources: taxes and revenue from ministries, departments, and agencies (MDAs).
A detailed breakdown by the NBS revealed that Lagos, FCT, and Rivers states led in IGR collection. Lagos State recorded the highest IGR, amassing ₦815.86 billion, which accounted for 33.6% of the total IGR in 2023.
This represents a 25% increase from the ₦651.15 billion generated in 2022.
Rivers State followed with ₦195.41 billion, while the FCT recorded ₦211.10 billion. Delta State generated ₦90.91 billion, and Ogun State reported ₦146.87 billion.
Taraba State recorded the lowest internally generated revenue (IGR) in 2023, with ₦10.86 billion, followed by Yobe (₦11.19 billion), Kebbi (₦11.73 billion), and Gombe (₦15.17 billion).
The National Bureau of Statistics (NBS) noted that the southwest zone led in IGR, generating ₦1.1 trillion, while the south-south zone followed with ₦468.7 billion.
In the southwest, Lagos State alone accounted for 73% of the zone’s total IGR.
Further analysis showed the southeast zone generated ₦142.9 billion, the northwest recorded ₦206.2 billion, and the north-central zone produced ₦387.6 billion.
The northeast zone recorded the lowest IGR among all regions, with ₦104.3 billion.