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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…
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