The National Bureau of Statistics (NBS) says the 36 states of the federation and the federal capital territory (FCT) recorded N1.89 trillion in internally generated revenue (IGR) in 2021. According
October 18, 2022 11:48 AM
Futher analysis by TheCable Index shows that Lagos state has the highest IGR with N753.3 billion, representing 40 percent of the total IGR in 2021.Lagos is followed by FCT with N131.9 billion; Rivers state, N123.3 billion; Ogun state, N100.7 billion; and Delta state, N80.2 billion. IGR by zones in 2021 shows that the south-west zone recorded the highest revenue, totalling N972.6 billion; followed by the south-south zone with N313.6 billion, while the north-east zone recorded the least internally generated revenue with N78.3 billion.The report also shows that Lagos state generated 77 percent of the entire IGR of the south-west.
Meanwhile, although Lagos is top in terms of the amount of IGR generated in 2021, other states recorded the highest growth in terms of IGR generated between 2020 and 2021.
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