Lagos Makes More Money Than 26 States Combined- Report

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Lagos Makes More Money Than 26 States Combined- Report


Lagos State has retained its place as Nigeria ’s economic capital, generatinng N 398 . 7bn in 2019 alone .
The sum is the equivalent of the combined internally generated revenue by 26 states of the federation .
The N 398 .7 bn IGR of Lagos State is more than those of 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 which had a combined N 375 .2 bn .
According to a report by the National Bureau of Statistics , the state with the second highest IGR remains Rivers which generated N 140 . 3bn .
The Federal Capital Territory which was classified as a state in the report , came third with N 74 .5 bn while Ogun came 4 th with N 70 . 9 bn .
The states with the lowest revenue are Taraba , Gombe and Kebbi which generated N 6 . 5bn , N 6 . 8 bn and N 7 . 3 bn respectively.
The combined revenue generated internally by the 36 states and the FCT in 2019 was N 1 .33 tn , according to the report .




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