Lagos Still Retain Its Position As The Nation Economic Capital -Report

Lagos State has retained its place as Nigeria’s economic capital, generating N398.7bn in 2019 alone.

The sum is the equivalent of the combined internally generated revenue by 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.