Nigerian subnationals, FCT, raise IGR to N2.43trn in 2023, up 26%- NBS

Bamidele Famoofo

The 36 states of the federation, including the Federal Capital Territory recorded ₦2.43trn in internally generated revenue in 2023.

The latest report released by the National Bureau of Statistics on Monday, said the IGR recorded in 2023, is higher by 26.5 per cent to the ₦1.92trn IGR recorded in 2022.

IGR is from two major categories of revenues namely taxes and ministries, departments and agencies revenue.

A breakdown by the bureau said Lagos, FCT, and Rivers States topped with the highest IGR.

Lagos state had the highest IGR with ₦815.86bn, representing 33.6 per cent of the total IGR in 2023.

The revenue generated by Lagos was 25 per cent higher than the ₦651.15bn recorded in 2022.

Rivers followed with ₦195.41bn, FCT recorded ₦211.10bn, Delta State generated N90.91bn; and Ogun recorded ₦146.87bn.

On the other hand, Taraba State generated the least IGR (₦10.86bn) in 2023, followed by Yobe (₦11.19bn), Kebbi (₦11.73bn) and Gombe (₦15.17bn).

According to NBS, the South West zone recorded the highest revenue in 2023, totalling ₦1.1trn; followed by the South South zone with ₦468.7bn.

Further analysis of the report showed that Lagos State generated 73 per cent of the entire IGR of the South West.

The total revenue recorded from the South East zone is ₦142.9bn, the North West recorded ₦206.2bn, and the North Central generated ₦387.6bn.

The North East zone recorded the least IGR with ₦104.3bn.