Lagos leads as states, FCT generate N5.15tn IGR in 2025
The 36 states of the federation and the Federal Capital Territory, FCT, generated N5.15tn in Internally Generated Revenue, IGR, in 2025, representing a 40.93 per cent increase from the N3.65tn recorded in the previous year. The National Bureau of Statistics, NBS, disclosed this in its 2025 Internally Generated Revenue Report released on Thursday. Lagos State […] Lagos leads as states, FCT…
In 2025, the 36 states of Nigeria and the Federal Capital Territory (FCT) generated a combined Internally Generated Revenue (IGR) of N5.15tn, marking a significant 40.93% increase from the previous year's N3.65tn. Lagos State emerged as the top revenue generator, contributing N1.77tn, followed by Rivers State with N428.42bn and Enugu State with N406.77bn.
The Federal Capital Territory (FCT) ranked fourth with N356.34bn, while Ogun State occupied the fifth position with N252.36bn. The National Bureau of Statistics (NBS) reported that tax revenue constituted N3.79tn of the total IGR, with Pay-As-You-Earn (PAYE) being the largest component at N2.64tn, followed by withholding tax at N503.46bn.
Other sources of revenue included direct assessment, road taxes, stamp duties, capital gains tax, and local government revenue.
Brief written by urgent.news from Daily Post Nigeria's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
