Nigeria’s internally generated revenue (IGR) analysis for 2024 has revealed a widening gap between the country’s high-earning and low-earning States.
While Lagos, Rivers, and the FCT continue to dominate subnational revenue generation, several states are still struggling to raise meaningful income internally, depending largely on monthly allocations from the federal government to sustain their budgets.
According to data analyzed by Naijaonpoint, the 36 states and the FCT generated a combined N3.63 trillion in 2024, up from N2.43 trillion in 2023, representing a growth of 49.69%.
However, the bottom 10 states contributed just 5.23% of this total IGR, highlighting deep-rooted economic and structural challenges at the subnational level.