ronabeaut
a year ago
Lagos, Nigeria — June 2025
According to the 2023 Internally Generated Revenue (IGR) data released by the National Bureau of Statistics (NBS), Lagos State maintained its position as the top IGR generator in Nigeria, amassing a staggering ₦815.86 billion, which represents approximately 33.6% of the total IGR collected by all 36 states and the FCT .
Top IGR Generators in 2023
Lagos State – ₦815.86 billion
Federal Capital Territory (FCT) – ₦211.10 billion
Rivers State – ₦195.41 billion
Ogun State – ₦146.87 billion
The total combined IGR across Nigeria stood at ₦2.43 trillion, marking a 26% increase from the ₦1.93 trillion recorded in 2022 .
Regional Highlights
The South‑West region led in overall revenue, largely due to Lagos’s contribution of ₦815.86 billion .
Regions with the lowest IGR included Taraba (₦10.87 billion), Yobe (₦11.19 billion), and Kebbi (₦11.74 billion) .
Why Lagos Outperforms
Analysts attribute Lagos State’s success to:
Robust tax base: Personal Income Tax (PAYE) remains the most significant source, accounting for over 80% of its IGR .
Large population & commercial activity: Lagos’s status as Nigeria’s economic hub and populous city provides a vast pool of taxpayers .
Innovative revenue systems: The state’s e-tax platform and rigorous enforcement.
Implications & Next Steps
Fiscal autonomy: Lagos’s IGR covers approximately 72% of its revenue needs, reducing dependence on federal allocations .
Lessons for other states: Policymakers suggest adopting Lagos’s digital infrastructure and enforcement strategies to boost the revenue base nationwide.
Bottom Line
Lagos State remains the undisputed leader in Nigeria’s revenue generation, recording over ₦815 billion in IGR for 2023—more than the combined total of many other states. Its success underscores the power of diversified taxation, technology adoption, and strategic enforcement.
Source - Web & Research
Stay tuned to OUR PALAVER for in-depth insights, historical context, and well-researched knowledge about Nigeria.
0
4