States, FCT generate N1.31trn as IGR in 2020 ― NBS

Uba Group

BY AGENCY REPORTER

THE 36 states and the Federal Capital Territory (FCT) generated N1.31 trillion as Internally Generated Revenue (IGR) in 2020 compared to N1.33 trillion recorded in 2019, the National Bureau of Statistics (NBS) says.

NBS made this known on Friday in Abuja in its “Internally Generated Revenue At State Level” for Fourth Quarter and Full Year 2020 published on its website.

According to the report, it indicates a negative growth of -1.93 per cent, year on year.

It added that the Q4 2020 states and FCT IGR figure was N335.25 billion compared to N338.57 billion recorded in Q3 2020. This indicates a negative growth of -0.98 per cent, quarter on quarter.

The NBS said that Lagos State recorded the highest IGR of N418.99 billion, closely followed by Rivers with N117.19 billion and the FCT with N92.05 billion.

Delta State recorded N59.732 billion, Kaduna N50.768 billion, Ogun N50.749 billion, Oyo N38.042 billion, Kano N31.819 billion, Akwa Ibom N30.696 billion, Anambra N28.009 billion, Edo N27.184 billion, Ondo N24.848 billion, and Enugu N23.650 billion.

Others are Osun, N19.668 billion; Kwara, N19.604 billion; Plateau, N19.122 billion; Zamfara, N18.499 billion; Kogi, N17.357 billion; Imo, N17.081 billion; Cross River, N16.183 billion; Abia, N14.376 billion; Kebbi, N13.778 billion; and Ebonyi, N13.591 billion.

Meanwhile, Yobe recorded the least IGR of N7.779 billion, followed by Taraba, N8.114 billion; Adamawa, N8.329 billion; Gombe, N8.537 billion; Jigawa, N8.667 billion; and Ekiti, N8.716 billion.

Benue State recorded N10.463 billion, Niger N10.524 billion, Katsina N11.399 billion, Borno N11.578 billion, Sokoto N11.796 billion, Bayelsa N12.180 billion, Nasarrawa N12.476 billion, Bauchi N12.502 billion.

The NBS said that in compiling the report, states IGR data was computed by the NBS and the Joint Tax Board (JTB) from official records and submissions by the 36 State Boards of Internal Revenue.

The submissions are then validated and authenticated by the JTB which is chaired by the Federal Inland Revenue Service and has the NBS and the 36 State Boards of Internal Revenue as members.

– NAN