Lagos Makes More Money Than 26 States Combined- Report
Lagos State has maintained its position as Nigeria’s undisputed economic capital, by generatinng a whopping N398.7bn in 2019 alone.
The sum is the equivalent of the combined internally generated revenue by twenty six (26) states of the federation.
The N398.7bn 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 N375.2bn.
According to a report by the National Bureau of Statistics, the state with the second highest IGR remains Rivers which generated N140.3bn.
The Federal Capital Territory which was classified as a state in the report, came third with N74.5bn while Ogun came 4th with N70.9bn.
The states with the lowest revenue are Taraba, Gombe and Kebbi which generated N6.5bn, N6.8bn and N7.3bn respectively.
The combined revenue generated internally by the 36 states and the FCT in 2019 was N1.33tn, according to the report.
Justin Nwosu is the founder and publisher of Flavision. His core interest is in writing unbiased news about Nigeria in particular and Africa in general. He’s a strong adherent of investigative journalism, with a bent on exposing corruption, abuse of power and societal ills.
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