This report highlights the Internally Generated Revenue (IGR) in 2023 for the 36 States and the FCT. It has two (2) broad categories of revenues: i. Taxes ii. Ministries, Departments and Agencies (MDAs) revenue.

• Taxes include PAYE, Direct assessment, Road taxes, Stamp duties, Capital gain tax, Withholding taxes, Other taxes and LGAs revenue.

• The 36 states and the FCT generated a total of N2.43 trillion as Internally Generated Revenue (IGR) in 2023, indicating a growth rate of 26.03 percent from N1.93 trillion recorded in 2022.

• Lagos, FCT, and Rivers states recorded the highest IGR with N815.86 billion, N211.10 billion and N195.41 billion respectively over the reference period.

• However, Taraba, Yobe and Kebbi states reported the least revenues with N10.87 billion, N11.19 billion and N11.74 billion respectively.

• PAYE was the most tax revenue recorded during the period (N1.24 trillion), representing 63.83 percent of the total taxes collected, while capital gains tax was the least with N5.91 billion.

• Total taxes to total IGR stood at about 80 percent nationally.

Data source: National Bureau of Statistics

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