NBS report shows 40.93% rise in internally generated revenue, with tax accounting for the bulk of collections nationwide….
Lagos State has widened its lead in Nigeria’s internally generated revenue, raking in N1.77 trillion in 2025 as the combined revenue of the 36 states and the Federal Capital Territory rose to N5.15 trillion.
The latest figures released by the National Bureau of Statistics (NBS) on Thursday show that the combined internally generated revenue increased by 40.93 per cent from the N3.65 trillion recorded across the states and the FCT in 2024.
Lagos’ performance was driven largely by tax receipts, which contributed about N1.48 trillion to the state’s total revenue. Another N292.64 billion came from its Ministries, Departments and Agencies (MDAs).
The figures place Lagos significantly ahead of the other sub-national governments, with Rivers State posting the second-highest IGR at N428.42 billion.
Rivers’ revenue was also dominated by taxation, which accounted for N414.38 billion, while its MDAs contributed N14.03 billion during the year.
Enugu State followed with N406.77 billion, although its revenue profile differed considerably from that of Rivers.
Unlike Rivers, where taxes accounted for the overwhelming share of collections, Enugu generated N355.25 billion from its MDAs, compared with N51.52 billion from tax revenue.
The latest data therefore highlight the varying ways states are strengthening their internally sourced revenue, with some relying predominantly on taxation while others derive a substantial share from government agencies and other non-tax sources.
The Federal Capital Territory recorded N356.34 billion in IGR, with the NBS attributing the entire amount to tax revenue in its 2025 figures.
At the national level, Pay-As-You-Earn (PAYE) remained the biggest contributor to tax collections. According to the NBS, PAYE generated N2.64 trillion, representing 69.51 per cent of total tax revenue recorded during the year.
Other tax streams included direct assessment, road taxes, stamp duties, withholding taxes and capital gains tax.
Capital gains tax was the smallest of the listed contributors, generating N12.40 billion during the period.
Ogun State recorded N252.36 billion in total IGR, with an unusual balance between tax and non-tax collections. Its MDAs generated N141.06 billion, exceeding the N111.29 billion collected through taxes.
Further down the table, Niger State recorded N66.37 billion, with approximately N60.3 billion coming from tax revenue.
Ekiti State generated N57.09 billion, made up of about N27.79 billion in tax receipts and N29.29 billion from its MDAs.
Gombe State reported N43.96 billion, while Nasarawa State generated N32.57 billion.
Taraba recorded N28.16 billion, followed by Sokoto with N20.48 billion and Yobe with N16.01 billion.
The 2025 figures provide a snapshot of how much Nigerian states are generating from their own economic and administrative activities, while also showing the wide gap in revenue performance across the country.
