- N10.88 trillion between 2021 and 2024
- Southern states widen fiscal hole as Lagos alone generates over one-third of complete income
Nigeria’s 36 states and the Federal Capital Territory (FCT) generated a mixed N3.63 trillion in Internally Generated Income (IGR) in 2024, with Lagos State alone accounting for greater than one-third of the whole, in response to new information launched by the Nationwide Bureau of Statistics (NBS) in collaboration with the Federal Inland Income Service (FIRS).
Internally Generated Income (IGR) throughout Nigeria’s 36 states and the Federal Capital Territory (FCT) rose to a cumulative N10.88 trillion between 2021 and 2024, in response to NBS.
The upsurge in IGR is pushed primarily by tax income, significantly in Lagos and Enugu States.
The report exhibits that in 2024 alone; Nigerian states collectively generated a report N3.63 trillion in IGR – the best within the four-year interval. This represents a 49.7% improve from the N2.43 trillion generated in 2023.
Tax income stays the dominant contributor to IGR, accounting for about 73% of complete state-generated earnings over the four-year interval. In 2024, tax income stood at N2.66 trillion, whereas different sources, comparable to charges, licenses, and earnings from state-owned enterprises, contributed N968 billion.
In 2023, states collectively realised N2.43 trillion, made up of N1.95 trillion in tax income and N478 billion from different sources. The earlier yr, 2022, noticed a complete IGR of N1.93 trillion, comprising N1.47 trillion from taxes and N455 billion from different earnings.
The bottom IGR determine within the interval was recorded in 2021 at N1.90 trillion, with N1.23 trillion coming from taxes and N666 billion from different sources.
Whereas Lagos and some different economically vibrant states are presumed to account for a big chunk of the income, the NBS information underscores an general nationwide development in the direction of enhanced sub-national income mobilization.
Lagos dominates with N1.26 trillion
The report confirmed that Lagos State retained its place because the nation’s undisputed financial powerhouse, producing N1.26 trillion — greater than the mixed complete of the subsequent three states, Rivers (N317.30 billion), the Federal Capital Territory (N282.36 billion), and Ogun (N194.93 billion).
Lagos’ IGR determine, which represents roughly 35% of Nigeria’s complete subnational income, underscores its robust tax base and diversified economic system anchored on commerce, manufacturing, and providers. The efficiency additionally displays ongoing efforts by the state authorities to develop digital tax administration and enhance compliance by means of its Inner Income Service.
South dominates as Enugu, Delta, Edo present robust efficiency
The info highlights a widening fiscal divide between southern and northern states. Of the highest 10 IGR performers, eight are from southern states. Enugu emerged as a shock performer, rating fifth nationally with N180.50 billion — forward of oil-rich Delta (N157.79 billion) and Edo (N91.15 billion).
Enugu’s robust displaying indicators enhancing fiscal reforms and increasing city financial actions. Analysts say the state’s efficiency might entice better investor confidence and strengthen its fiscal autonomy from federal allocations.
Different southern states, comparable to Akwa Ibom (N75.77 billion), Oyo (N65.29 billion), and Bayelsa (N64.01 billion) additionally featured prominently among the many prime half, reflecting stronger inner income mobilisation and improved financial productiveness.
Northern states lag, although Kano, Kaduna make prime 10
Whereas Kano (N74.77 billion) and Kaduna (N71.57 billion) ranked ninth and tenth, respectively, most northern states continued to publish weak IGR outcomes relative to their inhabitants and dimension. Jigawa (N59.46 billion) was the one different northern state among the many prime 15.
On the backside of the rating, Yobe generated N11.08 billion, the bottom within the federation, adopted by Ebonyi (N13.18 billion) and Kebbi (N16.97 billion).
The figures underscore the persistent dependence of many northern and rural states on federal allocations from oil income moderately than internally sustained financial exercise.
Fiscal disparities persist regardless of nationwide development
Total, Nigeria’s N3.63 trillion complete IGR for 2024 represents a notable improve in comparison with earlier years, reflecting gradual enhancements in tax assortment programs and financial exercise post-COVID.
Nonetheless, analysts warn that the focus of fiscal capability in a number of states poses dangers for balanced nationwide improvement.
Economists argue that except low-performing states diversify their income sources by means of agriculture, mining, and providers, the present regional disparities will proceed to pressure fiscal federalism and restrict sustainable development throughout Nigeria’s 36 states.
Spotlight of the figures at a look:
- 2024 Whole IGR: N3,633,054,718,156.89
- Tax Income: N2,664,892,825,615.90
- Different Income: N968,161,892,540.99
- 2023 Whole IGR: N2,426,919,598,107.84
- Tax Income: N1,948,902,473,298.05
- Different Income: N78,017,124,809.79
- 2022 Whole IGR: N1,925,612,626,650.76
- Tax Income: N1,470,540,449,460.47
- Different Income: N455,072,177,190.29
- 2021 Whole IGR: N1,895,786,762,263.80
- Tax Income: N1,229,889,699,721.98
- Different Income: N665,897,062,541.82
The rising figures sign stronger fiscal autonomy for states but additionally reinforce the necessity for sustained reforms and investments in data-driven income programs.
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