30/10/2024
5th Nigerian States IGR Awards 2024
FCT AND RIVERS ARE SLUGGING IT OUT FOR THE NO. 2 POSITION AFTER LAGOS
Here are the top 12 Nigerian states in internally generated revenue (IGR) in 2023.
1. Lagos N815,864,679,971
2. FCT N211,100,288,136
3. Rivers N195,414,581,585
4. Ogun N146,875,041,475
5. Delta N114,088,309,225
6. Edo N64,671,497,3627
7. Kaduna N62,490,117,635
8. Kwara N59,642,678,120
9. Oyo N52,745,497,059
10. Akwa Ibom N43,184,024,627
11. Ondo N41,501,551,387
12. Kano N37,379,619,998
FCT overtook Rivers in 2021. Rivers took back the second position in 2023. And FCT has once again flipped it in 2023.
Four among these 12 states are in the South West zone: Lagos, Ogun, Oyo and Ondo. Lagos is the permanent leader in IGR amongst Nigeria's 37 subnationals. I don't see any rival to it in the foreseeable future. Maybe in the next 1-2 decades, FCT might become a strong contender with Lagos in IGR. Who knows!
Another four among these 12 states are in the South-South zone: Rivers, Delta, Edo and Akwa Ibom. Edo's IGR performance over the years is quite impressive considering that it doesn't receive the huge 13% derivation funds goes to its South-South sister states: Rivers, Delta, Akwa Ibom and Bayelsa.
North Central zone is represented in this top 12 list by FCT and Kwara, while North West has Kaduna and Kano amongst them. None of the states of the South East zone (Abia, Anambra, Ebonyi, Enugu and Imo) and the North East zone (Adamawa, Bauchi, Borno, Gombe, Taraba and Yobe) made it into this top 12 league in 2023.
Go to www.alfordevents.com to see any of the most recent editions of REVENUE magazine which features data on IGR amongst Nigerian states from 2010 till date.