Nigeria: Lagos Generates 69 Percent of ₦1.69 Trillion Revenue From Igr, Spends 91 Percent in First Half of 2026

What the report says

AllAfrica, republishing a Premium Times report by Ekemini Simon, reported that Lagos State recorded ₦1.685 trillion in revenue in the first half of 2026, according to the state’s second-quarter budget performance report. The figures cover January to June and show that internally generated revenue was the dominant source, contributing ₦1.166 trillion, or 69.2 percent of total income.

The report said Lagos also received ₦501.09 billion through the Federation Account Allocation Committee, while smaller inflows came from a 2025 opening balance, grants and aid, borrowing receipts and other capital receipts. Premium Times noted that Lagos had already posted ₦807 billion in first-quarter revenue, ahead of other Nigerian subnational governments.

On spending, the state used ₦1.539 trillion during the six-month period, equal to 91.3 percent of revenue collected. Recurrent spending stood at ₦767.15 billion, while ₦772.64 billion was released for capital projects, leaving capital expenditure slightly higher than day-to-day government costs.

The sector breakdown showed uneven capital funding. The environment sector received ₦83.83 billion, or 53.5 percent of its capital budget. Health got ₦49.59 billion, representing 31.9 percent of its capital allocation, while education received ₦14.9 billion, or 26.8 percent. The figures matter because Lagos, Nigeria’s commercial hub, relies heavily on its own tax and fee base to finance services and infrastructure, and its budget performance is often watched as a signal of fiscal capacity among Nigerian states.