In 2020, the trio of Lagos, Rivers, and the Federal Capital Territory (FCT) topped the list of states with the most Internally Generated Revenue (IGR).
According to the National Bureau of Statistics’ (NBS) survey, titled “Internally Generated Revenue At State Level (Q4 And Full Year 2020),” this is the case.
The 36 states of the Federation and the Federal Capital Territory (FCT) created approximately N1.31 trillion in the year under review, according to data from the department.
When compared to the N1.33 trillion revenue reported at the end of 2019, the amount produced by the states represents a drop of N20 billion.
“This indicates a negative growth of -1.93 per cent year on year. Similarly, the Q4, 2020 states and FCT IGR figure hits N335.25bn compared to N338.57bn recorded in Q3, 2020.
“This indicates a negative growth of -0.98 per cent quarter on quarter,” the report published on Friday read.
It added, “Lagos State has the highest Internally Generated Revenue with N418.99bn recorded, closely followed by Rivers with N117.19bn, while Yobe State recorded the least Internally Generated revenue.”
In 2020, Lagos generated N418,988,587,897.11 revenue, while Rivers and FCT recorded IGR of N117,189,729,245.29 and N92,059,700,897.42 respectively.
The three states were followed by Delta (N59,732,882,662.97), Kaduna (N50,768,523,407.34), Ogun (N50,749,595,850.07), Oyo (N38,042,733,036.47), Kano (N31,819,816,711.74), Akwa Ibom (N30,696,770,278.06) and Anambra (N28,009,906,580.48), to complete the top 10.
On the other hand, the 10 states with the lowest IGR included Borno (N11,578,518,120.67), Katsina (N11,399,650,509.67), Niger (N10,524,281,921.17), Benue (N10,463,674,280.73), and Ekiti (N8,716,460,193.84).
Others were Jigawa (N8,667,720,607.78), Gombe (N8,537,983,927.43), Adamawa (N8,329,870,706.65), Taraba (N8,114,973,143.14), and Yobe (N7,779,631,175.54).
See the list of states with their IGR in 2020 below:
|S/N||STATES||TOTAL IGR||% SHARE|