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Lagos hits N807bn revenue in early 2026, surpasses Nigeria’…
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Lagos hits N807bn revenue in early 2026, surpasses Nigeria’s subnational peers
Lagos State has achieved a remarkable N807 billion in revenue within the first three months of 2026, exceeding its peers in Nigeria. This strong performance is largely attributed to personal income taxes, bringing it close to one-fifth of its ambitious budget for the year.
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The Briefing Africa
May 5, 2026 · 09:09 · 5 min read
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Lagos State has achieved a remarkable N807 billion in revenue within the first three months of 2026, exceeding its peers in Nigeria. This strong performance is largely attributed to personal income taxes, bringing it close to one-fifth of its ambitious budget for the year.
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Lagos State's impressive revenue generation reflects its robust tax collection strategies, particularly in personal income taxes. This financial achievement positions Lagos favorably among Nigeria's subnational governments as it aims to meet its ambitious budgetary goals.