Internally Generated Revenue for Nigeria’s 36 states and the Federal Capital Territory climbed by 40.93 per cent year-on-year to N5.15 trillion in 2025, up from N3.65 trillion recorded in 2024.

This is according to the National Bureau of Statistics, which released its IGR report for 2025 on Thursday, revealing that Lagos State alone accounted for N1.77 trillion, or 34.4 per cent of the total revenue generated across all states, with Rivers and Enugu States trailing in second and third place respectively, while Sokoto State posted the lowest IGR figure for the period.

The NBS report stated: “The 36 states and the FCT generated a total of N5.15 trillion in 2025, indicating a growth rate of 40.93 per cent from N3.65 trillion recorded in 2024.”

The bureau disclosed that Lagos, Rivers, and Enugu states topped the IGR chart with N1.77 trillion, N428.42 billion and N406.77 billion, respectively, within the period under review.

On the other end of the scale, NBS noted that Yobe, Ebonyi and Sokoto States recorded the lowest revenues, generating N16.01 billion, N17.18 billion and N20.48 billion, respectively.

Per the NBS breakdown, IGR falls under two broad categories: Tax Revenue, and revenue from Ministries, Departments and Agencies.

Tax revenue comprised Pay As You Earn, Direct Assessment, Road Taxes, Stamp Duties, Capital Gains Tax, Withholding Taxes, Other Taxes, and revenue from Local Government Areas.

According to the bureau, PAYE contributed the largest share of tax revenue, amounting to N2.64 trillion or 69.51 per cent of total tax revenue collected, while capital gains tax brought in the least, at N12.40 billion.

NBS further revealed that tax revenue made up 73.64 per cent of total IGR nationally.