Nigeria, as Africa's largest economy, is composed of 36 states and the Federal Capital Territory (FCT). Each state generates revenue from various sources, including taxation, federal allocations, and internally generated revenue (IGR). Understanding the revenue-generating capacity of these states is crucial for economic planning and development.
Here are the top 10 highest generating revenue states in Nigeria:
Lagos State is the economic and commercial hub of Nigeria, generating the highest revenue among all states. In 2021, the state's IGR was estimated at over ?619 billion, making it the highest revenue-generating state in the country.
Rivers State, the oil-rich state in the Niger Delta region, is the second-highest revenue-generating state. In 2021, the state's IGR was estimated at around ?143 billion.
The Federal Capital Territory, which hosts the country's capital, Abuja, is the third-highest revenue-generating state, with an IGR of around ?92 billion in 2021.
Delta State, another oil-producing state in the Niger Delta region, is the fourth-highest revenue-generating state, with an IGR of around ?59 billion in 2021.
Ogun State, located in the southwestern part of the country, is the fifth-highest revenue-generating state, with an IGR of around ?55 billion in 2021.
Kaduna State, in the northern region, is the sixth-highest revenue-generating state, with an IGR of around ?50 billion in 2021.
Kano State, the most populous state in Nigeria, is the seventh-highest revenue-generating state, with an IGR of around ?44 billion in 2021.
Akwa Ibom State, another oil-producing state in the Niger Delta region, is the eighth-highest revenue-generating state, with an IGR of around ?41 billion in 2021.
Edo State, situated in the southern part of the country, is the ninth-highest revenue-generating state, with an IGR of around ?40 billion in 2021.
Ondo State, located in the southwestern region, is the tenth-highest revenue-generating state, with an IGR of around ?37 billion in 2021.