Economy

IGR: Lagos leads other states with 418.99 billion naira in 2020

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IGR: Lagos leads other states with 418.99 billion naira in 2020

By Florence Onuegbu

Lagos State surpassed the other states of the federation, including the Federal Capital Territory (FCT), in terms of Internally Generated Revenue (IGR) in 2020, achieving a total of 418.99 billion naira per year.

This is reflected in the internally generated revenues published by the National Bureau of Statistics for the state level for the fourth quarter and year 2020.

He showed that despite the challenges posed by the COVID-19 pandemic and the EndSARS chaos, Lagos State has increased its IGR by 5.08%.

The state generated a total of 114 billion naira in the first quarter of 2020; N90.51 billion in the second quarter, N107.84 billion in the third quarter, and N106.63 billion in the fourth quarter, for a total of N418.99 billion.

The state’s 2020 IGR of Naira 418.99 billion increased by Naira 20.26 billion, compared to Naira 398.73 generated in 2019.

The report said that Lagos State contributed 32.08% of the total GRI of 1.31 trillion naira achieved by the states of the country in 2020.

“The 36 states and FCT IGR figure reached N1.31trn in 2020 compared to N1.33trn recorded in 2019. This indicates negative growth of -1.93 percent year-on-year.

“Lagos State has the highest internally generated income with N 418.99 billion recorded, followed closely by Rivers with N 117.19 billion while Yobe State recorded the least revenue generated. internally, ”says the NBS report.

Lagos State’s 2020 IGR showed that the State made 278.89 billion naira from Pay As You-Earn (PAYE) taxes; 17.07 billion naira from direct assessment, road taxes contributed 12.14 billion naira, while a total of 51.79 billion naira came from revenues of ministries, departments and agencies (MDA) .

After Lagos State, there is Rivers with 8.97% – 117.19 billion naira IGR in 2020; FCT generated 92.06 billion naira with a share of 7.05 percent, Delta contributed a share of 4.57 percent with 59.73 billion naira IGR while Kaduna generated 50.77 billion naira – 3.89 percent.

Ogun State contributed 3.89 percent with its 50.75 billion naira; Oyo 2.91% with 38.04 billion naira, Kano held 2.44% of the shares with 31.82 billion naira, Akwa Ibom had 2.35% with 30.70 billion naira and Anambra 2.14% after have generated 28.01 billion naira in 2020.

In addition, Edo generated 27.18 billion naira – 2.08 percent; Ondo made 24.85 billion naira – 1.90 percent; Enugu, 1.81 percent with 23.65 billion naira IGR; Osun had 1.51 percent with N19.67 billion; Kwara, 1.50 percent – 19.60 billion naira; and Plateau had 1.46 percent with a turnover of 19.12 billion naira.

Zamfara generated N18.50 billion with a share of 1.42 percent; Kogi had 1.33 percent with N17.36 billion IGR; Imo made 17.08 billion naira with 1.31 percent; Cross River had 1.24 percent at 16.18 billion naira; and Abia had a percentage of 1.10 with her 14.38 billion naira.

Kebbi generated 13.78 billion naira – 1.05 percent; Ebonyi State had 1.04 percent with a turnover of 13.59 billion naira; Bauchi generated 12.50 billion naira – 0.96 percent; while Nasawara followed at 0.96 percent with 12.48 billion naira.

Bayelsa had 0.93 percent of 12.18 billion naira; Sokoto made 11.80 billion naira – 0.90 percent; Borno had 0.89 percent with 11.58 billion naira; Katsina on 0.87 percent with 11.40 billion naira; Niger generated 10.52 billion naira – 0.81 percent; while Benue stood at 0.80% with 10.46 billion naira

Ekiti had 0.67 percent with 8.72 billion naira; Jigawa on 0.66 percent with 8.67 billion naira; Gombe had 0.65 percent with 8.54 billion naira; Adamawa, 0.64 percent share with 8.33 billion naira; Taraba, 0.62 percent with 8.11 billion naira; and finally, Yobe, 0.60 percent with 7.78 billion naira IGR. (NOPE)

(NAN)

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