Lagos makes enough from its internally-generated revenue, as much as 26 Nigeria states combined, making it Nigeria’s most economically vibrant state, a report has revealed.
The report by the National Bureau of Statistics (NBS) listed the state as having grossed N398.7billion from its internally generated revenue (IGR) in 2019.
The figure, according to the bureau, was an equivalent of the IGR recorded by a combined 26 states in the country in 2019.
The 26 states – Taraba, Gombe, Kebbi, Ebonyi, Borno, Yobe, Katsina, Ekiti, Adamawa, Nasarawa, Bauchi, Niger, Jigawa, Abia, Zamfara, Imo, Bayelsa, Kogi, Plateau, Benue, Osun, Sokoto, Cross River, Anambra, Oyo and Edo recorded a combined N375.2billion last year.
Rivers State is second with an IGR of N140.3billion, followed by the Federal Capital Territory (FCT) with N74.5billion.
Ogun State came fourth with N70.9billion.
Taraba, Gombe and Kebbi which recorded N6.5billion, N6.8billion, and N7.3billion, respectively, are the states with the lowest IGR in the country.
“The combined revenue generated internally by the 36 states and the FCT in 2019 was N1.33tn,” the report added.