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Nigeria's States and FCT Generate N3.63 Trillion IGR in 2024, Lagos State Leads Contribution

The Will··1 min read
Nigeria's States and FCT Generate N3.63 Trillion IGR in 2024, Lagos State Leads Contribution

In 2024, Nigeria's 36 states and FCT collectively recorded N3.63 trillion in IGR, marking a 49.7% increase from the previous year. Lagos State emerged as a major contributor to the total revenue, with tax revenue, particularly from Lagos and Enugu States, playing a significant role.

The data also highlighted a trend towards enhanced revenue mobilization at the sub-national level. Lagos State retained its position as an economic powerhouse, generating N1.26 trillion in IGR, followed by Rivers State and the FCT.

The report underscores the importance of sub-national revenue generation for Nigeria's economic development.

Plus234Feed summary based on reporting from The Will.

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