IGR: Lagos leads as Oyo generates N25.9bn in H1 2021

The 36 states of the federation and the Federal Capital Territory(FCT) generated N849.123 billion as Internally Generated Revenue (IGR) in half year(H1) 2021 compared to N612.87 billion in 2020.

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This was contained in a report by the National Bureau of Statistics (NBS).

According to the report, N398 billion was generated in the first quarter (Q1) 2021, while N450 billion was generated in the second quarter (Q2) 2021, translating to a positive growth of 13.21 percent.

The report categorised the IGRs into five subheads- Pay-As-You-Earn (PAYE), direct assessment, road taxes, other taxes and revenue from Ministries, Departments and Agencies (MDAs).

Lagos State had the highest IGR (N267 billion); followed by the FCT (N69 billon) and Rivers (N57 billion).

Yobe State recorded the least IGR (N4 billion); followed by Taraba (N4.7 billion) and Gombe(N5.4 billion).

The IGR of other states are as follows; Abia, (N7.5 billion); Adamawa( N6 billion); Akwa Ibom (N18 billion); Anambra(N12.7 billion); Bauchi (N9.4 bilion); Bayelsa (N6.4 billion); Benue (N6.7 billion); Borno (N9.8 bilion); Cross River (N14.7 billion); Delta (N41.9 billion); Ebonyi (N7.7 billion); Edo (N17.6 billion); Ekiti (N6.5 billion); Enugu (N14.1 billion); Imo (N9.9 billion); Jigawa (N9.3 billion); Kaduna (N26.4 billion) and Kano (N15 billion).

Others were Katsina (N7.4 billion); Kebbi (N7.3 billion) ; Kogi (N9.6 billion); Kwara (N15.9 billion); Nasarawa (N9.5 billion); Niger (N7.9b billion); Ogun (N54 billion) ; Ondo (N17.9 billion); Osun (N13.6 billion); Oyo (N25.9 billion); Plateau (N14.4 billion); Sokoto (N8.4 billion) and Zamfara (N8.4 billion).

The report stated that the IGR by the six geo-political zones in H1 2021 showed that South West recorded the highest revenue (N385,414,274,922.27); folowed by South South (N156,171,326,501.04). North East zone recorded the least IGR (N42,915,002,928.39)

It added that PAYE contributed the highest amount to the states(N488 billion), followed by revenue from MDAs(N173 billion). Road Tax contributed the lowest amount (N16 billion).