The Nigerian economy realised N1.103 trillion from internally generated revenue (IGR) in 2018. At the rate of N360/$, the total revenue generated would amount to $3.07 billion. The story is not in which state generated what; it is in the fact that over seventy percent of the total IGR came from three regions. This has implications for so many things. Internal migration or inter-state relocations will continue until some equilibrium is reached because as human beings, Nigerians will continue to move to regions or states where there are more economic opportunities.



Knowing the regions that contributed the most to the total IGR required that we regrouped the states in Nigeria along seven geopolitical zones or regional economies. The 36 states in Nigeria (Excluding FCT Abuja) were divided into seven economies or regions, with Lagos State, the commercial nerve centre of the nation and Africa’s fifth biggest economy treated as a region on its own. The essence is just for a more comprehensive analysis with a period of reference between 2016 and 2018. Thus, we have Lagos, South West (SW), South East (SE), South-South (SS), North Central (NC), North West (NW) and North East (NE). The major parameters adopted are the internally generated revenue (IGR), its growth rates among states, regions and the share of each regional economy in total IGR.

Beyond the fact that the 36 states in Nigeria made N1.103 trillion as internally generated revenue (IGR) in 2018, which was 17.83 percent higher than N936.47 billion IGR made in 2017, we can also unveil more insights into the financial performance of states in Nigeria; including the IGR figures as they revealed a lot of weaknesses that states or regions must urgently addressed.

For instance, within the south east regional economy, why should Enugu State generate more IGR than Anambra, which is an industrial state with many billionaires? Still, in the south east, Abia State has very vibrant SME clusters within the Aba market, and assuming we measure the size of a state economy by its IGR, Enugu State’s economy will be bigger than Abia and Ebonyi states combined (using 2018 IGR).

In the south west regional economy comprising Ogun, Oyo, Ondo, Osun and Ekiti states; the combined 2018 IGR of Ondo, Ekiti, Osun and Oyo states is N66.27 billion, much lower than N84.55 billion IGR realised by Ogun State last year.

Oyo, Enugu and Kaduna states were the capitals of the then western, eastern and northern regional governments. In 2018, Kaduna State accounted for 24 percent of the IGR from the north west regional economy. Enugu State accounted for 29 percent of south east regional economy. On its part, Oyo State’s share of south west regional economy was just 16 percent, meaning that the state made the least contribution to regional growth in 2018 among the states that were the defunct regional capitals.



https://businessday.ng/business-economy/article/how-three-regions-account-for-71-percent-of-nigerian-economy/

PBAT is our Moses in the present day time he will lead us through the wilderness with lagos economy template

Akwa Ibom generates more revenue for Nigeria than any other state in Nigeria.

Enough of all this Lagos bullshit

posted by a man who does not know hs state

kcnwaigbo:
Akwa Ibom generates more revenue for Nigeria than any other state in Nigeria.

Enough of all this Lagos bullshit

Thanks, for teaching that chest beater a lesson.

85% of our revenues comes from oil.How many barrels of oil does Lagos provide?

K

kcnwaigbo:
Akwa Ibom generates more revenue for Nigeria than any other state in Nigeria.

Enough of all this Lagos bullshit

Nooo our Lagos?

You want helinues to cry hungry?

When you come out to brag ,add up your achievement or contribution to that thing you brag about.

Not coming here to make noise .
I did not mention anyone

OP, please also remember Lagos has more FG investments than any region.

Cooly100:
OP, please also remember Lagos has more FG investments than any region.

The claim is even wrong.Akwa Ibom , Rivers and Delta states contributes more revenues to the national coffers than Lagos state

Imagine what the Hausas will be saying of Abuja...if for some reason, the capital is moved to another place.

This guys from SW with very low self esteem are utterly childish and funny...

...they have no shame as well.

No wonder 'they' wan kee themselves over lagos.
See them already weeping up there over another man's property!

Imagine all northern states are separate country. They'd be like Sudan or Somalia or even Mali. Very crude region

richie240:
No wonder 'they' want to kee themselves over lagos.
See them already weeping up there over another man's property!

O'boy have some shame now...

Must of you said that Ikorodu, EPE, Badagry, Agege, Ketu, Dopemu, Mushin, were not part of the federal capital..

Now what is the IGR of those areas which are left for you lazy man to develop, compared to other states?

Nwokem, that na ya cup of akamu.

How come you get mad whenever una hear good news about others?

Why must u always be pained at d sound of good news of others, o ye Umu Ekwensu?

Cooly100:


O'boy have some shame now...

Must of you said that Ikorodu, EPE, Badagry, Agege, Ketu, Dopemu, Mushin, were not part of the federal capital..

Now what is the IGR of those areas which are left for you lazy man to develop, compared to other states?

Why is it that out of the 6 regions in nigeria, it's only one region that always relishes to hear badnews about others and feel threatened at d knowledge of other ppl's glory?

sarrki:
PBAT is our Moses in the present day time he will lead us through the wilderness with lagos economy template

Same Lagos generating $1 billion dollars in revenue before Tinubu became governor?

Does it make the common man’s food garri cheaper in Lagos, the answer is no, Nigeria has oil , Vietnam has non but earns 10times what nigeria earns in oil from textile alone, buys fuel and energy cheaper than nigeria that has oil, such myopic posts re why re leaders see us as gullible, we should face the issues, Lagos is what it is just because of its geographical location and a former capital to Nigeria, aside that, let’s not talk much.

richie240:
Nwokem, that na ya cup of akamu.

How come you get mad whenever una hear good news about others?

Why must u always be pained at d sound of good news of others o ye UmuEkwensu?


Why is it that out of the 6 regions in nigeria, it's only one region that always relishes to hear badnews about others and feel threatened at d knowledge of other ppl's glory?

You have not asked your self out of 6 region is only one that reels out lies, propaganda and fake statistics to chest beat about some claimed glory...

Good

Hehehehe......nwokem, you already know urselves.
No need to mention names.

Cooly100:


You have not asked your self out of 6 region is only one that reels out lies, propaganda and fake statistics to chest beat about some claimed glory...

Even when you set Lagos aside from other SW states, SW is still the zone to beat.

kcnwaigbo:
Akwa Ibom generates more revenue for Nigeria than any other state in Nigeria.

Enough of all this Lagos bullshit

Stop smoking mango leaves you won't hear

Cooly100:
OP, please also remember Lagos has more FG investments than any region.

This your assertion is a lie

Let them show us how the money is spent Sanwo over to you. You want the actress to pay tax show us what you did with her tax first. With all these Lagos still looks like a slump.

mrvitalis:

Same Lagos generating $1 billion dollars in revenue before Tinubu became governor?

Why do you think you can just lie in public??

Do you think everyone is daft like you??

Relocating the fct out of lagos was the best decision ever made by any president in the history of this country... Imagine the severity of the foaming that would have been gushing out of the mouth of these agbado imbeciles if the fct was still in lagos.. *No agbado reptile should creep into my mention with precipitated venom!*

ba7man:
Why do you think you can just lie in public??

Do you think everyone is daft like you??

Lagos revenue was 15 billion naira in 1998 and that was $1 billion dollars based on exchange rate

Cooly100:


O'boy have some shame now...

Must of you said that Ikorodu, EPE, Badagry, Agege, Ketu, Dopemu, Mushin, were not part of the federal capital..

Now what is the IGR of those areas which are left for you lazy man to develop, compared to other states?

Started abusing this early morning. Mods are watching as you guys are running amok like a rabid dog and they won't do anything, but when we respond in the likes manner that's when they would start banning.

Cooly100:
OP, please also remember Lagos has more FG investments than any region.

Not true.
Mention one federal government project that Lagos state has and you will not see in Kaduna state

Ttalk:


Stop smoking mango leaves you won't hear

80% of Nigeria's revenue comes from oil.Akwa Ibom generates the highest revenue amongst the Niger delta states.You people should quit bandying fake statistics.

https://punchng.com/oil-exports-account-for-80-total-national-revenue/

Larryton:
Even when you set Lagos aside from other SW states, SW is still the zone to beat.

Oga Nigeria makes an overwhelming majority of their revenues from oil.What percentage of oil does Lagos produce?