People & Money

Nigerian States Generate N612bn in First Half 2020

Published by

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:
STATE IGR
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

Also Read: 2021 Budget: FEC Okays N13.08trn Estimate

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.

Recent Posts

Guaranty Trust Company Plc (GTCO) 2025 Entry-Level Programme Commences

Title: Entry-Level Programme Location: Lagos Job Type: Full-time Industry: Financial Services Job Description Join a… Read More

12 hours ago

The UK Economy Grew by 0.7% In Q1 2025 Despite Looming Tax and Tariff Hurdles

The UK's economy has defied expectations and shown strong growth in the first quarter of… Read More

15 hours ago

Taiwo Awoniyi Recovers from Coma Following a Ruptured Intestine Injury

Nottingham Forest striker Taiwo Awoniyi has awoken from an induced coma following successful surgery to… Read More

16 hours ago

Chinese Company Secures World Bank Financing to Provide Solar Power to Nigerians

Chinese company Sun King, the world’s largest off-grid solar company, have secured financing from a… Read More

18 hours ago

Naira Extends Gains Against Dollar, Closes at N1,596.70

The Nigerian Naira extended its gains against the U.S. Dollar on Wednesday, appreciating by 0.21%… Read More

1 day ago

Alleged Financial Crimes: Former Gabonese President Bongo’s Wife, Son Placed Under House Arrest

The wife and son of Gabon's former president, Ali Bongo have been transferred from prison… Read More

1 day ago