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Business

Lagos revenue tops combined receipts of 22 states in 2025

Source: Punch Nigeria · 24 Sep 2026, 16:39 UTC
Lagos revenue tops combined receipts of 22 states in 2025
Image: Punch Nigeria · original report

Lagos State recorded N1.77tn in internally generated revenue in 2025, exceeding the combined N909.35bn reported by 22 other states, according to figures cited from the National Bureau of Statistics by Punch Nigeria.

Lagos State generated N1.77tn in internally generated revenue during 2025, according to figures from the National Bureau of Statistics cited by Punch Nigeria. The amount was higher than the combined N909.35bn generated by 22 other states, the report said. The figures concern internally generated revenue, or income raised by state governments from sources within their jurisdictions.

The supplied material does not give the individual totals for the 22 states included in the comparison. It also does not provide a national total, details of the revenue sources, or comparisons with earlier years. The figures were presented as part of the NBS’s 2025 state-revenue data.

About this report
This independently written report is based on information supplied by the named publisher. Vertrix News has not independently verified the source report.
View the original source at Punch Nigeria →