The Federal Government, through its National Bureau of Statistics NBS has stated that in 2023, Nigerians paid N40.14bn in road taxes to state governments.
This is according to an analysis of data from the Internally Generated Revenue report recently published by the NBS.
The figure collected was a 63.36 per cent increase from the N24.57bn collected in 2022.
This growth affirmed the crucial role of road taxes in state-level finances across the country.
Lagos State, widely regarded as Nigeria’s economic powerhouse, led all states with a record of N16.74bn in road tax revenue for 2023.
Despite having no record of road tax revenue in 2022, the state accounted for 41.7 per cent of the total road tax revenue in 2023.
Ebonyi State showed an exceptional increase of 3,804.32 per cent, from N72.95m in 2022 to N2.85bn in 2023.
Other states also reported substantial increases.
