Lagos, FCT, Rivers lead as states generate N2.43tn IGR in 2023- NBS
National Bureau of Statistics NBS
Nike Popoola
The 36 states and the Federal Capital Territory (FCT) generated a total of N2.43tn as Internally Generated Revenue (IGR) in 2023, indicating a growth rate of 26.03 per cent from N1.93tn recorded in 2022.
The National Bureau of Statistics disclosed in its ‘Internally Generated
Revenue at State Level 2023’ report, on Monday.
According to the report, Lagos, FCT, and Rivers states recorded the highest IGR with N815.86 billion, N211.10 billion and N195.41 billion respectively over the reference period.
However, it added, Taraba, Yobe and Kebbi states reported the least revenues with N10.87 billion, N11.19 billion and N11.74 billion respectively.
The NBS stated, “PAYE was the most tax revenue recorded during the period (N1.24 trillion), representing 63.83 percent of the total taxes collected, while capital gains tax was the least with N5.91 billion. Total taxes to total IGR stood at about 80 per cent nationally.
