Lagos State generated more internally generated revenue (IGR) in 2025 than 22 states combined, according to the latest report by the National Bureau of Statistics (NBS).
The NBS 2025 Internally Generated Revenue at State Level report, released on Thursday, showed that the 36 states and the Federal Capital Territory (FCT) generated a combined ₦5.15 trillion in IGR during the year.
The figure represents a 40.93 per cent increase from the ₦3.65 trillion recorded in 2024.
According to the report, Lagos accounted for ₦1.77 trillion of the total revenue generated by states and the FCT, representing about 34.4 per cent of the combined IGR.
The state’s revenue was higher than the combined ₦909.35 billion generated by 22 states during the same period.
Rivers State ranked second with ₦428.42 billion, while Enugu State came third with ₦406.77 billion.
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👉 JOIN WHATSAPP CHANNELThe Federal Capital Territory recorded ₦356.34 billion, followed by Ogun State with ₦252.36 billion.
Other states among the highest revenue generators included Delta with ₦202.49 billion, Edo with ₦132.21 billion, Oyo with ₦103.25 billion, Kano with ₦102.26 billion and Akwa Ibom with ₦100.80 billion.
At the bottom of the ranking, Yobe recorded the lowest IGR at ₦16.01 billion, followed by Ebonyi with ₦17.18 billion and Sokoto with ₦20.48 billion.
The NBS report showed that taxation remained the major source of internally generated revenue across the states and the FCT.
Of the ₦5.15 trillion generated in 2025, ₦3.79 trillion, representing 73.64 per cent, came from tax revenue, while ₦1.36 trillion came from revenues generated by Ministries, Departments and Agencies (MDAs).
Pay-As-You-Earn (PAYE) tax accounted for the largest share of tax revenue, generating ₦2.64 trillion, representing 69.51 per cent of total tax revenue.
Withholding tax contributed ₦503.46 billion, while other taxes accounted for ₦300.21 billion.
The report also listed direct assessment at ₦112.65 billion, stamp duties at ₦111.57 billion, road taxes at ₦49.88 billion and capital gains tax at ₦12.40 billion.
A breakdown of Lagos’ revenue showed that the state generated approximately ₦1.48 trillion from taxes, while its MDAs contributed ₦292.64 billion.
Rivers State’s ₦428.42 billion revenue comprised ₦414.38 billion from tax revenue and ₦14.03 billion from MDAs.
The report highlighted differences in revenue structures among top-performing states, noting that while Enugu ranked third overall with ₦406.77 billion, a large portion of its revenue came from MDAs.
The state generated ₦355.25 billion from MDAs, while tax revenue accounted for ₦51.52 billion.
The NBS data provides a state-by-state breakdown of internally generated revenue from taxation and other sources during the 2025 financial year.
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