The Lagos State Government generated ₦1.685 trillion in revenue in the first six months of 2026, with internally generated revenue (IGR) accounting for nearly seven out of every ten naira earned during the period.
A review of the state’s second-quarter 2026 Budget Performance Report shows that the government also spent ₦1.539 trillion during the same period, representing 91.3 per cent of the total revenue realised.
The figures show Lagos’s continued reliance on internally generated revenue to finance government activities, while maintaining a near-even balance between recurrent and capital spending.
The report shows IGR contributed ₦1.166 trillion, representing 69.2 per cent of the total revenue earned between January and June.
The state’s share of the Federation Account Allocation Committee accounted for ₦501.09 billion, making it the second-largest source of revenue.
