Niger State Economy 2026 — Industries, IGR & Economic Profile

🏭 Niger State — Economic Profile

North Central

✅ IGR-Led Economy

The economy is largely driven by agriculture, fishing, and hydroelectric power generation. Major assets include the Kainji Dam and Shiroro Dam, which contribute significantly to Nigeria’s electricity supply. Farming activities include rice, maize, yams, and sugarcane production.

Key Industries

Agriculture Mining Solid Minerals Civil Service Tourism Livestock

💰 Revenue Dependency — IGR vs FAAC

2026

A state that earns a high percentage of its revenue from IGR (taxes, levies, fees) is fiscally independent. A state that relies heavily on FAAC (monthly federal oil revenue share) is vulnerable to oil price shocks and federal revenue declines.

100%

IGR: ₦326.9B — 100% of revenue FAAC: — — 0% of revenue

Niger generates more than half its revenue internally, making it one of Nigeria's more fiscally independent states. High commercial activity and a broad tax base reduce its dependence on federal allocations.

IGR

₦326.9B

100% of revenue

#7 in Nigeria

FAAC Allocation

—

0% of revenue

Total Budget

₦1.1T

2026 appropriation

Full breakdown →

Budget Per Capita

₦194,545

Pop: 5.50M

For full appropriation figures — sector allocations, CapEx breakdown and year-on-year budget history:

Niger Budget →

🏗 Spending Priorities

2026 — summary

Where Niger State directs its public spending — relative allocation across key sectors from the 2026 budget.

Education ₦145.8B

13.6% of total budget

Infrastructure ₦500.0B

46.7% of total budget

Health ₦72.0B

6.7% of total budget

Agriculture ₦59.2B

5.5% of total budget

See exact naira figures per sector, debt service and security allocations:

Full Sector Breakdown →

📈 IGR Revenue Trend

2 years

Year	IGR	FAAC	IGR %	Total Budget
2026 Latest	₦326.9B	—	100%	₦1.1T
2024	₦22,000	₦265,000	7.7%	₦320,000

🏆 Nigeria State IGR Ranking

Internally Generated Revenue

#	State	IGR
1	Lagos	₦3.1T
2	Rivers	₦1.2T
3	Enugu	₦870.0B
4	Ogun	₦509.9B
5	Bayelsa	₦450.0B
6	Niger	₦326.9B
7	Niger	₦326.9B
8	Abia	₦223.4B
9	Osun	₦199.6B
10	Bauchi	₦180.0B

❓ FAQs — Niger State Economy

What is the economy of Niger State?

The economy is largely driven by agriculture, fishing, and hydroelectric power generation. Major assets include the Kainji Dam and Shiroro Dam, which contribute significantly to Nigeria’s electricity supply. Farming activities include rice, maize, yams, and sugarcane production.

What are the key industries in Niger State?

Niger State's economy is driven by: Agriculture, Mining, Solid Minerals, Civil Service, Tourism. The state generates ₦326.9B in IGR annually, representing 100% of its total revenue.

What is Niger State's IGR (Internally Generated Revenue)?

Niger State generated ₦326.9B in IGR in 2026, representing 100% of total revenue. The remaining 0% came from FAAC (federal allocations). Niger ranks #7 of 38 states by IGR.

How does Niger State rank among Nigerian states economically?

Niger State ranks #7 of 38 states by Internally Generated Revenue (IGR) and #11 by total budget size. Its high IGR ratio makes it one of Nigeria's more fiscally independent states.

What is the difference between IGR and FAAC in Nigerian states?

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.

Does Niger State have oil resources?

Niger 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.