People & Money

Nigerian States Generate N612bn in First Half 2020

The 36 Nigerian states and the FCT generated a total of N612.87 billion in the first half of 2020, according to the newly-released Internally Generated Revenue report by the National Bureau of Statistics.
This represents an 11.7% drop from the N693.91 billion recorded within the same period in 2019.
The report also revealed that the second quarter IGR figure hit N259.73 billion, a 26.5% drop from the N353.14 billion recorded in Q1.Additionally, the internally generated revenue for Q2 is a staggering 33.63% year-on-year drop from Q2 2019.

Also Read: Lagos Govt. Moves To Stop Illegal Development of Estates

The H1 2020 IGR was generated from six revenue sources: PAYE [N418.22 billion], Direct Assessment [N16.38 billion], Road Taxes [N12.2 billion], Other Taxes [N81.95 billion], Total Tax [N582.76 billion] and MDAs Revenue [N84 billion].

Of all the states, Lagos recorded the highest IGR, with N204.51 billion[33.37% of the overall IGR], followed by Rivers State [N64.59 billion] and the FCT[N35.2 billion].

Meanwhile, Jigawa [N3 billion], Ekiti[N3.2 billion] and Adamawa [N3.75 billion] States had the lowest, figures.
Further analysis show that there is considerable disparity among the states’ share of the IGR.
The top four states alone—Lagos, Rivers, FCT and Delta—accounted for 54.68% of the total IGR.
Below are the IGRs recorded per state:
ABIA N6.19 billion
ADAMAWA N3.75 billion
AKWA IBOM N16.21 billion
ANAMBRA N9.54 billion
BAUCHI N5.75 billion
BAYELSA N5.4 billion
BENUE N5.4 billion
BORNO N5.4 billion
CROSS RIVER N8 billion
DELTA N30.84 billion

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EBONYI N6.33 billion
EDO N14 billion
EKITI N3.2 billion
ENUGU N12.3 billion
GOMBE N3.8 billion
IMO N7.7 billion
JIGAWA N3 billion
KADUNA N14.54 billion
KANO N17.5 billion
KATSINA N5.5 billion
KEBBI N4.4 billion
KOGI N7.43 billion
KWARA N9.4 billion
LAGOS N204.51 billion
NASARAWA N5.9 billion
NIGER N4 billion
OGUN N23.7 billion
ONDO N13.6 billion
OSUN N8.95 billion
OYO N17.8 billion
PLATEAU N9.4 billion
RIVERS N64.59 billion
SOKOTO N4.59 billion
TARABA N4 billion
YOBE N3.92 billion
ZAMFARA N7 billion
FCT N35.2 billion

Gombe State had the highest year-on-year IG increase with an 81.5% increase from the same half-year period from 2019.

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