Lagos, Abuja, others generate most IGR in 2018
The federal capital territory, Abuja, was among the five states with the highest Internally Generated Revenue for the year 2018.
Figures from the National Bureau of Statistics shows that Lagos, Rivers, Ogun, Abuja and Delta states generated the most from the N1.16trillion IGR generated by the 36 states and the FCT in 2018.
The bureau in its Internally Generated Revenue report for 2018, said the N1.16trillion represented an increase of N231.53billion over the N936.47billion recorded in 2017.
Analysis of the report shows that Lagos State, with total revenue of N382.18billion generated, led the IGR collection table. This was followed by Rivers and Ogun states with N112.78billion and N84.55billion respectively.
The FCT followed with IGR of N65.51billion while Delta generated N58.43billion throughout the year.
Kano had N44.1billion, while Kaduna generated N29.4billion; Edo, N28.45billion; Oyo, N24.67billion; Enugu, N22.15billion; and Akwa -Ibom, N24.21billion.
Kwara had N23.04billion; Ondo, N24.78billion; Anambra, N19.3billion; Imo, N14.88billion; Abia, N14.83billion; Bayelsa, N13.63billion; and Plateau, N12.72billion.
Similarly, Benue had IGR of N11.21billion, Sokoto, N18.76billion; Kogi, N11.33billion; Niger, N10.43billion; Jigawa, N9.24billion; Osun, N10.38billion; Bauchi, N9.69billion; Nassarawa, N7.56billion; Katsina, N6.96billion; Adamawa, N6.2billion; Borno, N6.52billion; Ekiti, N6.46billion; Zamfara, N8.2billion; and Taraba N5.96billion.
The others are Ebonyi, N6.14billion; Gombe, N7.34billion; Kebbi, N4.88billion; and Yobe, N4.38billion.
The report read in part, “The Q 4 2018 states and FCT IGR figure hits N324.59billion compared to N264.34billion recorded in Q 3 2018.
“This indicates a positive growth of 22.79 percent quarter -on - quarter and 24.82 percent year-on-year
“Thirty-one states and the FCT recorded growth in IGR while five states recorded decline in IGR quarter-on-quarter at the end of Q 4 2018.
“The net FAAC allocation in Q 4 2018 is put at N2.56trillion while the total revenue available to the states including the FCT is put at N3.74trillion.”
NBS stated that the IGR was generated from five main revenue sources: Pay-As-You-Earn, direct assessment, road taxes, Ministries, Departments and Agencies, and other revenue.
The IGR made by the states excludes the monthly allocation that they received from the Federation Accounts Allocation Committee.
In terms of foreign debt of states, the NBS report said this stood at $4.23billion while domestic debt was put at N3.85trillion at the end of 2018.