Lagos’ IGR of N1.77tn surpasses combined income of 22 states by 2025 — NBS

Lagos State generated more Internal Revenue (IGR) in 2025 than 22 states combined, according to new data released by the National Bureau of Statistics (NBS).

The state recorded an IGR of N1.77tn during the year, and was the highest revenue generating jurisdiction among Nigeria’s 36 states and the Federal Capital Territory.

In comparison, the 22 states ranked from Imo to Yobe collectively generated N909.35 billion.

The figures are contained in the NBS Internal Revenue Report 2025, which puts the total IGR generated by the states and the FCT at N5.15tn.

The 2025 figure represents a 40.93 percent increase from the N3.65tn recorded in 2024.

Lagos was followed by Rivers with N428.42bn and Enugu with N406.77bn. FCT came in fourth with N356.34bn, while Ogun generated N252.36bn.

Other states that recorded the highest revenues were Delta with N202.49 billion, Edo with N132.21 billion, Oyo with N103.25 billion, Kano with N102.26 billion and Akwa Ibom with N100.80 billion.

The report showed that Lagos alone generated about N859.85 billion more than the combined N909.35 billion recorded by the 22 lower ranked states.

States in the group recorded the following figures: Katsina, N64.29bn; Ondo, N60.32 billion; Cross River, N58.64 billion; Ekiti, N57.09 billion; Anambra, N57.03 billion; and Osun, N56.84 billion.

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Bauchi generated N52.79bn, Bayelsa N50.30bn, Plateau N45.10bn, Gombe N43.96bn, Kogi N43.94bn and Imo N43.65bn.

Borno recorded N36.36bn, Adamawa N33.76bn, Nasarawa N32.57bn, Kebbi N31.23bn, Zamfara N30.07bn and Benue N29.57bn.

Taraba generated N28.16 billion, while Sokoto recorded N20.48 billion. Ebonyi and Yobe posted N17.18 billion and N16.01 billion respectively.

Overall, the 15 highest performing jurisdictions accounted for more than N4.24tn of the total revenue of N5.15tn recorded nationally.

The NBS report also provides details of sources of income generated throughout the year.

Tax revenues contributed N3.79tn, while revenues generated by Ministries, Departments and Agencies accounted for N1.36tn.

Pay-As-You-Earn tax is the largest tax revenue component at N2.64tn. This was followed by a tax cut of N503.46 billion and other taxes of N300.21 billion.

Direct assessments accounted for N112.65 billion, while stamp duty accounted for N111.57 billion. Road tax and capital gains tax amounted to N49.88 billion and N12.40 billion respectively.

In total, Nigeria’s 36 states and the FCT generated Internal Revenue of N5.149tn in 2025, marking a substantial increase over the previous year’s revenue.