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The National Bureau of Statistics (NBS) says the 36 states of the federation and the federal capital territory (FCT) recorded N2.43 trillion in internally generated revenue (IGR) in 2023.
NBS in its latest report released on Monday, said the IGR recorded in 2023, is higher by 26.5 percent to the N1.92 trillion IGR recorded in 2022.
IGR is from two major categories of revenues namely taxes and ministries, departments and agencies (MDAs) revenue.
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The report highlighted that Pay-As-You-Earn (PAYE) contributed the most to tax revenue, amounting to N1.24 trillion, or 63.83% of the total taxes collected.
Giving further analysis, the bureau said Lagos, federal capital territory (FCT), and Rivers states topped with the highest IGR.
Lagos state had the highest IGR with N815.86 billion, representing 33.6 percent of the total IGR in 2023.
The revenue generated by Lagos was 25 percent higher than the N651.15 billion recorded in 2022.
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Rivers followed with N195.41 billion, FCT recorded N211.10 billion, Delta state generated N90.91 billion, and Ogun recorded N146.87 billion.
On the other hand, Taraba state generated the least IGR (N10.86 billion) in 2023, followed by Yobe (N11.19 billion), Kebbi (N11.73 billion) and Gombe (N15.17 billion).
Meanwhile, here are the top ten (10) states with the highest IGR in 2023:
1. Lagos: the engine of Nigeria’s economy generated a whopping N815.86 billion comprising of N704.90 billion in taxes while its MDAs collected N110.96 billion. Lagos state was able to grow its IGR by 25% from N615.14 billion to the current figure.
2. FCT: The nation’s seat of power in 2023 increased its revenue by nearly 70% (69.7%) from N124.36 billion to N211.10 billion. The FCT does not generate revenues from MDAs.
3. Rivers: this Niger Delta state recorded up to N195.41 billion comprised of N186.96 billion in taxes and N8.447 billion from MDAs. In the year prior, Rivers State generated N172.82 billion marking an increase of N22.59 billion.
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4. Ogun: the closest neighbour to Nigeria’s economic nerve centre generated N146.87 billion made up of N71.67 billion in tax revenues and N75.19 billion. Like most of its peers, Ogun state increased her IGR in 2023 from N120.58 billion.
5. Delta: this oil-rich state generated N90.91 billion and N23.17 billion from taxes and MDAs respectively totalling N114.08 billion. When compared to the previous year 2022, there was a 32.8% increase in IGR during the period from N85.9 billion.
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6. Edo: Edo state recorded N64.67 billion as IGR in 2023 made up of N46.17 billion in total taxes and N18.5 billion as MDAs. The state increased its IGR between 2022 and 2023 from N47.45 billion to the current level.
7. Kaduna: IGR figures in 2023 reached N62.49 billion- representing an increase of just over N4 billion from the N58.09 billion generated in 2022.
The IGR figures for 2023 comprised N49.02 billion as taxes and N13.46 billion as revenues from MDAs.
8. Kwara: the first Northern states in the list collected N59.64 billion as IGR in the year under review. This figure comprises N23.12 billion in taxes and N36.51 billion in MDA revenues. In 2023, Kwara state saw a 66.8% increase in her IGR collection surging from N35.75 billion in 2022 to the current figure.
9. Oyo: This southwestern state generated N52.74 billion in IGR in 2023 comprising 40.52 billion in taxes and N12.12 billion in revenues from MDAs. The state’s IGR in 2023 declined by almost N10 billion from N62.24 billion in 2022 to the current figure. The state’s IGR in 2021 stood at N52.08 billion.
10. Akwa Ibom: In 2023, this state collected N43.18 billion as total IGR comprising N36.07 billion in total taxes and N7.11 billion as revenues from MDAs.
Between 2022 and 2023, Akwa Ibom State increased its revenues by 24% from N34.81 billion to the current figure.
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