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

Report from National Bureau of Statistics showed that 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.

NBS said this Friday 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 N335.25bn compared to N338.57bn 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 bn, closely followed by Rivers with N117.19 bn and the FCT with N92.05 bn.

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

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

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

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

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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.

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