NBS Data Reveals Lagos Makes More Money than 26 States Combined - THISDAYLIVE

NBS Data Reveals Lagos Makes More Money than 26 States Combined

Lagos State has continued to assert its position as the country’s economic capital, generating a total sum of N398.73 billion in Internally Generated Revenue in 2019.

The N398.7 billion IGR of Lagos State is more than those of Taraba, Gombe, Kebbi, Ebonyi, Borno, Yobe, Katsina, Ekiti, Adamawa, Nasarawa, Bauchi, Niger, Jigawa, Abia, Zamfara, Imo, Bayelsa, Kogi, Plateau, Benue, Osun, Sokoto, Cross River, Anambra, Oyo and Edo which had a combined IGR of N375.2 billion in 2019.

According to the IGR at state level for Fourth Quarter and Full Year 2019, all the states and FCT also generated N346.20 billion in IGR in Q4 2019 compared to N294.11 billion recorded in the preceding quarter, indicating a positive growth of 17.71 per cent quarter on quarter. It was closely followed by Rivers with N140.40 billion or 10.52 per cent while Taraba State recorded the least revenue of N6.53 billion or 0.49 per cent of total revenue for the period.

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