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[BUSINESS] · Nigeria · 8 sources

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Part of situation: Nigeria subnational revenue and debt trends (6 clusters)

Lagos leads Nigerian states as IGR rises to N5.15tn

internally generated revenue PAYE tax subnational revenue National Bureau of Statistics Nigeria state economy

Nigeria's 36 states and the Federal Capital Territory (FCT) generated N5.15tn in internally generated revenue (IGR) in 2025, marking a 40.93 percent increase from the N3.65tn recorded in 2024, according to the National Bureau of Statistics.

Lagos State led the country in revenue generation, contributing N1.77tn, which accounts for approximately 34 percent of the total IGR. Rivers State followed with N428.42bn, while Enugu State ranked third with N406.77bn. The FCT recorded N356.34bn, and Ogun State was among the top five with N252.36bn.

Tax revenue constituted N3.79tn (73.64 percent) of the total IGR, while revenue from Ministries, Departments, and Agencies (MDAs) accounted for N1.36tn (26.36 percent). Pay As You Earn (PAYE) tax was the primary driver, generating N2.64tn and representing 69.51 percent of all tax revenue collected by the subnational governments.

Entities

Enugu State · Federal Capital Territory · Lagos State · National Bureau of Statistics · Rivers State

Sources

STATES AND FCT GENERATE N5. 15 TRILLION AS NIGERIA’S INTERNAL REVENUE BASE EXPANDS [www.iroyinyorubatv.com.ng]
Lagos Leads As States, FCT Record N5. 15tn IGR, PAYE Hits N2. 64tn [dailyreport.ng]
NRS, NUPRC get N123. 54bn collection fees from June FAAC [nationalaccordnewspaper.com]
State IGR rises 41% to N5. 15trn in 2025, NBS says [bizwatchnigeria.ng]
Nigeria’s States, FCT Generate N5. 15tn in Revenue as Lagos Leads the Pack [zalebs.com]
Lagos, Rivers, Enugu Lead As States’ IGR Hits N5. 15tn [thewhistler.ng]
Lagos, Rivers, Enugu lead as states generate N5. 15tn IGR [chronicle.ng]
Lagos leads as States, FCT record N5. 15trn IGR in 2025 [nationaldailyng.com]