States across Nigeria collectively generated N7.42 trillion in Value Added Tax (VAT) revenue in 2024, with Lagos topping the list at N2.75 trillion, according to data from the Federation Account Allocation Committee (FAAC).
Lagos, the country’s commercial hub, accounted for nearly 37% of the total VAT revenue. Rivers State followed with N832.69 billion, while Oyo came third with N272.41 billion.
Kano, a northern economic powerhouse, generated N77.76 billion, securing the fourth position, while Delta State rounded out the top five with N73.39 billion.
Other notable contributors include Bayelsa with N64.66 billion, Edo at N53.55 billion, and Anambra with N47.53 billion. Akwa Ibom and Adamawa also made the top ten, generating N46.93 billion and N42.01 billion, respectively.
At the lower end of the spectrum, states like Imo (N4.38 billion), Abia (N8.68 billion), and Kebbi (N8.77 billion) recorded the least VAT revenue.
Full VAT Breakdown by State (2024):
- Lagos: N2.75trn
- Rivers: N832.69bn
- Oyo: N272.41bn
- Kano: N77.76bn
- Delta: N73.39bn
- Bayelsa: N64.66bn
- Edo: N53.55bn
- Anambra: N47.53bn
- Akwa Ibom: N46.93bn
- Adamawa: N42.01bn
- Borno: N35.29bn
- Niger: N34.84bn
- Taraba: N32.37bn
- Kwara: N31.51bn
- Kaduna: N30.30bn
- Ekiti: N29.58bn
- Jigawa: N28.54bn
- Benue: N26.59bn
- Ogun: N26.16bn
- Sokoto: N25.98bn
- Gombe: N25.45bn
- Ebonyi: N25.11bn
- Kogi: N23.61bn
- Plateau: N22.10bn
- Katsina: N22.08bn
- Yobe: N19.79bn
- Bauchi: N19.59bn
- Zamfara: N17.83bn
- Nasarawa: N15.89bn
- Enugu: N15.39bn
- Osun: N14.79bn
- Ondo: N13.80bn
- Cross River: N9.36bn
- Kebbi: N8.77bn
- Abia: N8.68bn
- Imo: N4.38bn
