₦airaland Forum

As Nigeria intensifies its pursuit of fiscal independence, a new generation of Finance Commissioners is emerging as key drivers of Internally Generated Revenue (IGR) across the states.

These leaders, drawn from diverse backgrounds in banking, law, academia, and public service, are implementing bold reforms and leveraging their expertise to reshape state economies.

IGR remains a cornerstone of subnational economic sustainability, sourced from a variety of channels including Pay-As-You-Earn (PAYE), Ministries, Departments, and Agencies (MDAs), direct assessment, road taxes, stamp duties, capital gains tax, withholding tax, and local government revenues. The effectiveness of these revenue streams depends heavily on the policies and systems put in place by Finance Commissioners, who serve as architects of fiscal strategy and institutional reform.

In 2024, Nigeria’s 36 states and the Federal Capital Territory (FCT) collectively generated N3.633 trillion in IGR, a significant rise from N2.426 trillion in 2023.

Notably, 10 states accounted for N2.502 trillion of this total, representing 68.88% of the nationwide figure. Although the FCT was initially among the top performers, it was excluded from this ranking due to its unique administrative structure, which lacks a designated Commissioner for Finance.

The role of Finance Commissioners extends beyond revenue collection—they are central to designing and executing policies that align with each state’s development goals. Their decisions on taxation, levies, and financial regulations determine how effectively a state can mobilize domestic resources. By integrating digital systems, streamlining compliance, and fostering inter-agency collaboration, these leaders are transforming the fiscal landscape of their states.

Here are the top 10 Finance Commissioners based on the internal revenue generated by their respective states in 2024.

10. Kwara State – Dr. Hauwa Nuru (N71.19 billion)

Dr. Hauwa Nuru became Kwara State’s Commissioner for Finance in 2023, bringing over 30 years of experience across banking, energy, and strategy. Under her leadership, the state’s IGR rose by 19.45%, from N59.6 billion to N71.19 billion in 2024.

She previously served as General Manager of Finance at Eko Electricity Distribution Company, where she led transformative initiatives in revenue cycle management and energy audits.

Nuru holds a Doctorate in Business Administration and an MBA in Finance from Ahmadu Bello University. Her cross-sector expertise is driving Kwara’s financial modernization.

9. Kaduna State – Ibrahim Tanko Mohammed (N71.57 billion)

Appointed in November 2024, Ibrahim Tanko Mohammed came at the time when Kaduna State IGR had made a 15.44% increase from N62 billion in 2023 to N71.57 billion in 2024. Since assuming the role, his banking and corporate leadership experience have so far been instrumental in enhancing financial transparency and efficiency.

Mohammed previously held executive roles at First Bank, Afri Bank, Habib Bank, and Unity Bank, and served as MD/CEO of Peugeot Automobile Nigeria. He holds a Master’s in Banking and Finance from Bayero University and a BSc in Agricultural Economics from Ahmadu Bello University. His pragmatic leadership is reshaping Kaduna’s fiscal outlook.

8. Kano State – Dr. Isma’il AliyuDanmaraya (N74.7 billion)

Dr. Isma’il Aliyu Danmaraya took office in January 2025 at a time Kano State’s IGR had doubled from N37 billion in 2023 to N74 billion in 2024. His academic expertise in energy policy and environmental economics has informed a data-driven approach to revenue generation.

Danmaraya has taught at Northwest University and the American University of Nigeria, and holds degrees from Bayero University and Universiti Utara Malaysia. His scholarly background and policy experience have enabled Kano to implement innovative fiscal reforms and broaden its revenue base.

Source: https://nairametrics.com/2025/11/19/meet-the-top-10-finance-commissioners-leading-nigerian-states-n3-6-trillion-igr/3/#split_content

7. Akwa Ibom – Emem Bob (N75.7billion)

Emem Bob transitioned from Commissioner for Economic Development to Finance in February 2025, following a cabinet reshuffle by Governor Umo Eno. Before the new role, Akwa Ibom’s IGR rose by 74.42%, from N43 billion in 2023 to N75.7 billion in 2024.

Bob’s career spans over two decades in banking, with stints at UBA, Fidelity Bank, Heritage Bank, and All States Trust Bank.

He holds an MBA from the University of Port Harcourt Business School. His strategic focus on economic development and financial inclusion has made Akwa Ibom a standout performer.

6. Edo State – Emmanuel Okoebor (N91 billion)

Engr. Emmanuel Okoebor was appointed Commissioner for Finance in November 2024, succeeding Joseph Eboigbe. His appointment came at a time Edo State IGR had witnessed a 40.87% increase year-on-year, from N64.6 billion to N91 billion in 2024.

His banking background and operational leadership have so far contributed to improved revenue systems and fiscal discipline.

Okoebor spent over 25 years in banking, including roles at Standard Trust and UBA, where he rose to Assistant General Manager and Regional Manager overseeing 15 business offices. He holds a degree in Civil Engineering and an MBA from the University of Benin. His technical and managerial acumen have strengthened Edo’s financial architecture.

5. Delta State – Fidelis Tilije (N157.7 billion)

Fidelis Tilije has maintained continuity in Delta State’s financial leadership, serving under former Governor Ifeanyi Okowa and current Governor Sheriff Oborevwori. Under his stewardship, the state’s IGR rose by 37.72%, from N114 billion in 2023 to N157.7 billion in 2024. His tenure reflects a deep understanding of both public and private sector dynamics.

Tilije’s career includes executive roles at Fortune International Bank, Standard Trust Bank, and First City Merchant Bank. He holds degrees in Banking and Finance from the University of Lagos and is a fellow of both the Chartered Institute of Bankers and the Chartered Institute of Marketers. His experience in investment banking and corporate finance has been pivotal to Delta’s fiscal growth.

4. Enugu State – Dr. Nathaniel Urama (N180.5 billion)

Appointed in August 2023, Dr. Nathaniel Urama has transformed Enugu State’s revenue profile, achieving a staggering 433.43% increase in IGR, from N33.8 billion to N180.5 billion in just one year. His academic background and research-driven approach have been instrumental in reshaping the state’s economic strategy.

Urama previously served as a lecturer at the University of Nigeria, Nsukka, and held leadership roles at the African Heritage Institution and the National Institute for Policy and Strategic Studies. He holds a First Class degree and MSc in Economics from UNN, and a PhD from the University of Reading. His data-centric governance style has positioned Enugu as a rising fiscal contender.

Good job by the finance commissioners.

3. Ogun State – Dapo Okubadejo (N194.9 billion)

Dapo Okubadejo, Ogun State’s Commissioner for Finance and Chief Economic Adviser, has driven a 32.76% increase in IGR, from N146.8 billion in 2023 to N194.9 billion in 2024. His tenure has been defined by strategic planning and private sector engagement, drawing on his extensive experience in financial advisory and investment.

Before joining the state government, Okubadejo spent 16 years at KPMG, eventually becoming Partner and Africa Head of Deal Advisory & Private Equity. He holds a BSc in Agriculture from Obafemi Awolowo University and a Master’s in International Finance from the University of Glasgow. His blend of technical expertise and policy insight has made Ogun a model for fiscal innovation.

2. Rivers State – Emmanuel Frank-Fubara (N317.3 billion)

Emmanuel Frank-Fubara assumed office as Rivers State’s Commissioner for Finance in July 2024, following the resignation of Isaac Kamalu. Under his leadership, the state’s IGR surged by 62%, rising from N195.4 billion in 2023 to N317.3 billion in 2024. His swift impact underscores his ability to navigate complex financial landscapes and implement effective revenue strategies.

A legal practitioner with over 26 years of experience, Frank-Fubara is the Managing Solicitor at Goshen Chambers in Port Harcourt. Called to the bar in 1998, he has built a reputable career in law and governance. His transition into public finance reflects a growing trend of multidisciplinary leadership in Nigeria’s economic management.

1. Lagos State – Abayomi Oluyomi (N1.26 trillion)

Abayomi Oluyomi, the Commissioner for Finance in Lagos State, has overseen a remarkable 54% increase in the state’s IGR, from N815.86 billion in 2023 to N1.26 trillion in 2024.

A seasoned investment banker with over three decades of experience, Oluyomi previously served as Special Adviser on Internal Audit to Governor Babajide Sanwo-Olu. His tenure has been marked by strategic fiscal reforms and enhanced revenue collection mechanisms.

Oluyomi’s career spans leadership roles at Stanbic IBTC, Union Bank, and Standard Chartered Bank, where he managed liquidity, profitability, and solvency. He holds a Bachelor’s degree in Finance and a Master’s in Economics from the University of Lagos, and is both a Chartered Accountant and Chartered Banker. His global experience with multilateral agencies and private equity firms has positioned Lagos as Nigeria’s fiscal powerhouse.

Source: https://nairametrics.com/2025/11/19/meet-the-top-10-finance-commissioners-leading-nigerian-states-n3-6-trillion-igr/10/#split_content

One day my name go dey among these public servants looters 😂

Despite all these staged generated revenue figures, Nigeria still dey find where to collect loans
Just yesterday AFDB approved $500 million loans to Nigeria… Make una dey play for this country 😂

When will we meet the bandits own commissioners of finance

They are also in charge of taxes ransom too in this country

Kano IGR doubled? That should be investigated. Something is definitely wrong.

With all the social media noise from Alex otti of Abia state, yet I can't find his commissioner name in the list.

Nice. It's good to see that our states are making progress on IGR. It will help the states to be more accountable and responsible to the people.

How about States with best HDI rating?

Nigerian is the only country that citizens brag about IGR

Does IGR correspond to better quality of life? The answer is no

States and citizens with high IGR and low HDI should be critical of their IGR... But na they brag we are being milked without anything to show for it

see Kano and kaduna with a combined GDP less than IMO are taxing their people 5 times what IMO is taxing it's citizens
Yet IMO is ahead of them in every development index

Kudos to these 10 states.

Very much impressed by Enugu state.. 433% IGR increase, that's massive. Welldone to the state govt and finance team.👍

commoditiesnig:
Kudos to these 10 states.

Very much impressed by Enugu state.. 433% IGR increase, that's massive. Welldone to the state govt and finance team.👍

No be by saying thank you up and down… Is the IGR reflecting on the people of Enugu, how have you benefited from the IGR in your state?

Let them show workings, no be by cho cho cho.. Nigerians una too funny 😂

Good.

The states are waking up. The total of IGR generated by the states in 2024 is impressive

mrvitalis:
see Kano and kaduna with a combined GDP less than IMO are taxing their people 5 times what IMO is taxing it's citizens
Yet IMO is ahead of them in every development index

Una go just open una mouth dey yarn dust. How is Imo ahead of Kano in Development Index? What yardstick do you use to measure this?

All the top performers are from APC states.

ebukal67x:
Kano IGR doubled? That should be investigated. Something is definitely wrong.

Look at the way an adult is reasoning

VOsimhen144:
No be by saying thank you up and down… Is the IGR reflecting on the people of Enugu, how have you benefited from the IGR in your state?

Let them show workings, no be by cho cho cho.. Nigerians una too funny 😂

Master of wailers.... Una no dey disappoint. If you people don't wail in a day, that day must be a terrible day

Well done guys. Eko ni bab won

Well done guys. Eko ni bab won.
Lagos, Nigeria

VOsimhen144:
One day my name go dey among these public servants looters 😂

Despite all these staged generated revenue figures, Nigeria still dey find where to collect loans
Just yesterday AFDB approved $500 million loans to Nigeria… Make una dey play for this country 😂

We need to dream beyond the peanuts that come into Nigeria. Nigeria doesn't have money - forget what anyone tells you.

If young Nigerians can build unicorns (a business worth one billion dollars) in this country, what's stopping you and I?

There's no money in government; they only loot peanuts meant for the masses. Even Nigerian banks cannot lend $50 million to an individual. Create wealth - don't work for people!

Ogun State da? Dapo and his incompetent cabinet

I still don't know how Kwara state is making huge IGR. The state is not really blessed in the area of natural resources like the states in the as south south. The companies are not many.

Not even one state from South Eadt. All regions are represented by at least one state.

It is well

Logos and ogun without oil are doing better and we need more of this, but this states alone can stand together as a country, I swear and it will succeed.

Kundus to them. They have tried

Cherrybae:
Not even one state from South Eadt. All regions are represented by at least one state.

It is well

You self noticed. Enugu state is in NW now

duro4chang:
I still don't know how Kwara state is making huge IGR. The state is not really blessed in the area of natural resources like the states in the as south south. The companies are not many.

Igr from "mining activities"

For me enugu state is the most remarkable....

Lagos should not be on the list because, Lagos has passed all these things..

But a matter of concern is the inflation....
All these big figures are pennies when you compare to the dollar

They really trying, more monies

helinues:
You self noticed. Enugu state is in NW now

Chia my bad. I just saw it
Appologies sir

These people did not do anything special, they are opportuned to be in a State where economy is vibrant, for instance take the Lagos commissioner to Jigawa State and see if he can generate that

Bro, the IGR might look so massive especially when added together. You. Are wondering why Nigeria is still borrowing despite all these IGR. Hope you remember that Nigeria is 36 States plus FCT making 37. We have 743 local governments. Out Of those states, more than 70% can't sustain themselves. In fact, they don't generate IGR enough to carry themselves for a week. Another thing is the governors aren't all that sensible, they lack investment mentality, very unproductive, always awaiting the National cakes baked from Niger Delta every month..You can see that there's already big wahala on ground before we even consider the corruption percentage from all these funds...There's no way Nigeria wouldn't continue to borrow to be able to sustain infrastructure development because the States IGR wouldn't cater for the States except it's channeled back to the State that generated it....as long as the tradition of sharing continues, IGR would never be enough to sustain Nigeria as a country.........

VOsimhen144:
One day my name go dey among these public servants looters 😂

Despite all these staged generated revenue figures, Nigeria still dey find where to collect loans
Just yesterday AFDB approved $500 million loans to Nigeria… Make una dey play for this country 😂