2020 Half Year States/FCT Internally Generated Revenue

The index in Tuesday’s report revealed that the IGR of Lagos State, put at N204 billion, is higher than that of at least 29 states put together.

The quartet of Lagos, Rivers, the FCT and Ogun State raked in a total internally generated revenue more than all other 33 states of the federation combined in the first half of 2020, the National Bureau of Statistics (NBS) said.

The NBS said the 36 states of the federation and federal capital territory generated N612.87 billion in the first half of 2020.

Of the total amount, the aforementioned states and the capital city earned N335 billion, equivalent to 54 per cent. Other states made a total of N277 billion (46 per cent).

The index in Tuesday’s report revealed that the IGR of Lagos State, put at N204 billion, is higher than that of at least 29 states put together, with only Rivers, FCT, Ogun, Delta, Oyo, Akwa Ibom, and Kano states as exceptions.

Rivers State comes a distant second with N65 billion.

Behind the top two are the FCT with N35 billion, Ogun State, N30 billion, Delta State, N23 billion, and Oyo State N17 billion.

Trailing them are Akwa Ibom with N17 billion, Kano, N16 billion. Kaduna and Edo are next with each earning N14 billion.

Sitting at the foot of the index are Benue states with N5 billion; Sokoto, N4 billion, about the same amount made by Taraba and Niger state.

Other poor internal revenue earners are Yobe state which generated N3.94 billion; Gombe with N3.78 billion; Adamawa, N3.75 billion; Ekiti, N3.2 billion. Jigawa State is the rock bottom IGR earner with N3 billion.
The report noted Internal revenues are generated by states through Pay-As-You-Earn Tax (PAYE), direct assessment, road taxes, other taxes and revenues from ministries, departments and agencies (MDAs).

The Report
Details of the NBS report said states internally generated revenue (IGR) totalled N612.87bn as compared to N693.91bn recorded in H1 2019, a reduction of about N81 billion.

This indicates a negative growth of -11.7% year on year, the bureau noted.

Similarly, in the Q2 2020, states and FCT IGR figure hit N259.73 bn compared to N353.14bn bn recorded in Q1 2020. This also indicates a negative growth of -26.5% from the first quarter.

2020 Half Year States/FCT Internally Generated Revenue

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