Lagos, FCT, Rivers generated highest IGR in 2023

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Lagos, FCT, Rivers generated highest IGR in 2023
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The N2.43 trillion recorded in 2023 represents a 26.03 per cent increase from the N1.93 trillion recorded in 2022.

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Taxes, which include pay-as-you-earn , direct assessment, road taxes, stamp duties, and capital gains tax, constituted about 80 per cent of total IGR nationwide. Delta State generated a total of N114.08 billion in IGR, with N90.91 billion from taxes and N23.17 billion from MDAs.Edo State reported an IGR of N64.67 billion in 2023, comprising N46.17 billion from taxes and N18.5 billion from MDAs.

In 2023, Akwa Ibom collected N43.18 billion in total internally generated revenue , consisting of N36.07 billion from taxes and N7.11 billion from MDAs.

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