Lagos heads Nigeria’s 2025 state-revenue ranking

Lagos recorded N1.77tn in internally generated revenue in 2025, followed by Rivers and Enugu, according to a National Bureau of Statistics report cited by Punch Nigeria. The supplied material does not include the full figures for the states ranked behind Lagos.
Lagos State led Nigeria’s state internally generated revenue table in 2025 with N1.77tn, according to a National Bureau of Statistics report cited by Punch Nigeria. Rivers and Enugu followed Lagos in the ranking, although the supplied material does not state their revenue totals or positions relative to one another. The figures measure internally generated revenue, rather than all income received by state governments.
The report excerpt does not list the other states or provide a national aggregate. It also gives no comparison with the previous year and does not identify the sources that contributed to each state’s receipts. The available information is limited to the leading state and the next two states named in the ranking.
This independently written report is based on information supplied by the named publisher. Vertrix News has not independently verified the source report.