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Business

States and FCT record N5.15tn in internally generated revenue

Source: Punch Nigeria · 25 Sep 2026, 02:32 UTC
States and FCT record N5.15tn in internally generated revenue
Image: Punch Nigeria · original report

Nigeria’s states and the Federal Capital Territory generated N5.15tn in internally generated revenue during 2025, according to the supplied report. Pay As You Earn tax on workers’ salaries was identified as the largest contributor, though no state-by-state figures were provided.

Nigeria’s states and the Federal Capital Territory generated N5.15tn in internally generated revenue in 2025, Punch Nigeria reported. Pay As You Earn tax, collected from workers’ salaries, was the largest source of the revenue, according to the supplied material. The figure covers internally generated revenue by the states and the FCT.

The report does not provide a breakdown showing how much was generated by individual states, the FCT, or other categories of tax and non-tax income. It also does not state how the 2025 total compared with the previous year, or identify the number of workers whose salary deductions contributed to the PAYE figure. The composition of the revenue means that taxes linked to formal employment accounted for the biggest share among the sources identified in the report.

However, the available material contains no further details about collection trends, changes in tax policy or the use of the funds. The N5.15tn total and PAYE’s leading position are the central findings provided in the supplied report.

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 →