Lagos State is said to be the economic capital of the Federal Republic of Nigeria. This is due to the fact that Lagos State is one of the richest states in the Federal Republic of Nigeria. Many people from other states across the Federal Republic of Nigeria usually go to Lagos State in order to do business or find a job. This has made the economy of Lagos State to be very strong over the past years.
The government of Lagos State usually generates a lot of money as internal revenue. Let us take a close look at the amount of money Lagos State generated as internal revenue in the first quarter of the year 2023.
1. Lagos State internal revenue
According to a report by The Guardian, the government of Lagos State generated a total of 179.912 billion Naira as internal revenue in the first quarter of the year 2023. It should be said that the incumbent governor of Lagos State is Mr Babajide Sanwo-Olu.
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