The 36 states and Federal Capital Territory (FCT) generated a total of N2.43 trillion as internally generated revenue (IGR) in 2023 financial year.
The recent report released by National Bureau of Statistics (NBS) showed that the IGR increased by 26.03 percent from N1.93 trillion recorded in 2022.
An analysis of the report showed that Lagos State, FCT, and Rivers States recorded the highest IGR accounting for N815.86 billion, N211.10 billion and N195.41 billion respectively over the reference period.
On the other hand, Taraba States , Yobe State and Kebbi State reported the least revenues with a total of N10.87 billion, N11.19 billion and N11.74 billion respectively.
The NBS report said that PAYE which was the most tax revenue recorded during the period amounted to N1.24 trillion), representing 63.83 percent of the total taxes collected, while capital gains tax was the least with N5.91 billion.
It further stated that total taxes to total IGR stood at about 80 per cent nationally.
