Urgent.News

What's breaking now, across thousands of outlets.

Finance & Markets

States generate N114bn from road taxes in three years

The 36 states generated N113.94bn from road taxes between 2023 and 2025, an analysis of data from the National Bureau of Statistics has shown. According to the NBS Internally Generated Revenue at State Level 2025, the figure comprised N40.14bn collected in 2023, N23.92bn in 2024 and N49.88bn in 2025, according to state-level Internally Generated Revenue Read More:…

States generate N114bn from road taxes in three years

Between 2023 and 2025, the 36 states generated a total of N113.94 billion from road taxes, according to an analysis of National Bureau of Statistics data. The figure consisted of N40.14 billion collected in 2023, N23.92 billion in 2024 and N49.88 billion in 2025. Road tax collections fell by N16.22 billion, or 40.42 percent, from N40.14 billion in 2023 to N23.92 billion in 2024.

However, the total rebounded by N25.96 billion, or 108.53 percent, to N49.88 billion in 2025. The missing 2024 figure for Lagos significantly impacted the national total, as Lagos generated N16.74 billion in 2023 and N16.87 billion in 2025.

Written by urgent.news from Punch Nigeria's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

This story

This is one outlet's version. Read the fullest account.

Read the original at punchng.com →

More in Finance & Markets

Anthropic targets mega-IPO before US Thanksgiving holiday

The firm behind Claude could start formal marketing for its initial public offering as soon as the week of Nov 9.

  • Anthropic plans IPO before Thanksgiving, aiming for mid-November debut.
  • Company targets market valuation between $1.8T and $2T, aiming for SpaceX benchmark.
  • Despite high losses, investors optimistic about potential market debut.

More from Friday 2 October →