Kwara State Economy 2026

The economy of Kwara State is driven by agriculture, manufacturing, and trade. Key agricultural products include rice, maize, cassava, and sugarcane. The state also benefits from livestock farming and growing industrial investments in Ilorin.

Kwara State's economy is driven by: Agriculture, Mining, Solid Minerals, Civil Service, Tourism. The state continues to work on growing its Internally Generated Revenue (IGR).

IGR data for Kwara State is not yet available on this platform.

Kwara State ranks #19 of 38 states by Internally Generated Revenue (IGR) and #30 by total budget size. Like most Nigerian states, it relies significantly on FAAC allocations from the federal government.

IGR (Internally Generated Revenue) is money a state collects from within its own economy through taxes, levies and fees — without depending on the federal government. FAAC (Federation Account Allocation Committee) distributes shared national revenue — mainly from oil sales and VAT — monthly to all tiers of government. States with high IGR like Lagos are fiscally independent, while most states depend on FAAC for over 60-80% of their revenue.

Kwara State is not classified as a major oil-producing state and does not receive the 13% derivation fund. Its economy depends on agriculture, commerce, solid minerals and services, with federal FAAC allocations as the primary government revenue source alongside IGR.