November 22, 2024
Nigeria’s States Generate N2.43 Trillion in IGR for 2023, Up 26.5% from 2022
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Nigeria’s States Generate N2.43 Trillion in IGR for 2023, Up 26.5% from 2022

Nigeria’s States Generate N2.43 Trillion in IGR for 2023, Up 26.5% from 2022

The National Bureau of Statistics (NBS) has reported that Nigeria’s 36 states and the Federal Capital Territory generated N2.43 trillion in internally generated revenue (IGR) in 2023, marking a significant 26.5 percent increase from the N1.92 trillion recorded in 2022. This revenue comes primarily from taxes and contributions from ministries, departments, and agencies.

Lagos State topped the list with an N815.86 billion, accounting for 33.6 percent of the total IGR, and reflecting a 25 percent increase from N651.15 billion in 2022. 

The Federal Capital Territory followed with N211.10 billion, while Rivers State generated N195.41 billion. Other notable contributors include Delta State with N90.91 billion and Ogun State with N146.87 billion.

Conversely, Taraba State recorded the lowest IGR at N10.86 billion, followed closely by Yobe at N11.19 billion, Kebbi at N11.73 billion, and Gombe at N15.17 billion. 

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