Nigeria: Lagos Rakes in N1.3trn Igr in 2024

Nigeria: Lagos Rakes in N1.3trn Igr in 2024

The Lagos State government yesterday disclosed that it generated N1.3 trillion as Internally Generated Revenue (IGR) in 2024, representing a 45% increase from N895 billion in 2023.

Lagos generated N1.3 trillion in 2024

The Commissioner for Finance, Abayomi Oluyomi, said the state had already collected N333 billion in IGR for 2025. The post Lagos generated N1.3 trillion in 2024 – Official appeared first on Premium Times Nigeria.

Lagos Revenue Rises By 45% To N1.3trn In 2024

(AFRICAN EXAMINER) – Lagos State recorded a 45 per cent growth in revenue to N1.3 trillion in 2024, from N895 billion recorded in 2023. This was revealed by the Commissioner for Finance, Abayomi Oluyomi, in a statement to mark the second year of the second term of Governor Babajide Sanwo-Olu and Obafemi Hamzat’s administration. While […] The post Lagos Revenue Rises By 45% To N1.3trn In 2024 first appeared on African Examiner.

Lagos State Achieves Record ₦1.3 Trillion Revenue in 2024, Up 45%

Lagos State, Nigeria’s commercial hub, recorded a 45% increase in internally generated revenue (IGR), reaching ₦1.3 trillion in 2024, up from ₦900 billion in 2023. The milestone, announced on May 12, 2025, by the Lagos State Internal Revenue Service (LIRS), underscores the state’s economic resilience and aggressive tax collection reforms, positioning it as a model for subnational fiscal sustainability.The revenue surge was driven by enhanced tax…

Lagos state grows revenue to N1.3 trillion amid plans to tax skitmakers and digital entrepreneurs

The commissioner revealed that over 800,000 properties have been enumerated into the database, and plans are on to get them to pay property tax to the state.

Lagos State Nets  45% Revenue Increase , Generates ₦1.3 Trillion In 2024

Lagos State has demonstrated robust economic growth, generating a record-breaking ₦1.3 trillion in revenue in 2024, marking a significant 45% increa