Lagos State raked in a total of N418.98 billion Internally Generated Revenue (IGR) in the year 2020, a report released by the National Bureau of Statistics (NBS) on Friday has revealed.
The IGR of Lagos, according to the report, was higher than 28 other states combined, and it represented 32.08 percent of N1.3 trillion — total IGR generated by states and the federal capital territory (FCT).
The total amount of N1.3 trillion is lower by 1.93 percent compared to figures for 2019 and this can be attributed to the national lockdown brought about by the unprecedented and unanticipated health crisis as a result of Covid-19 pandemic.
According to the report, Rivers State followed Lagos with N117.18 billion IGR, while the FCT generated N92.05 billion.
They are followed by Delta, Kaduna, Ogun, and Oyo as fourth, fifth, sixth and seventh respectively.
Yobe (N7.77 billion), Taraba (N8.11 billion) and Adamawa (N8.32 billion) are three states with the lowest IGR in 2020.
The report noted that Kebbi, Ebonyi and Oyo had the highest growth rate in the year under review.