Nigeria’s cosmopolitan city and economic capital, Lagos State recorded 33.37 percent of the total internally generated revenue (IGR) of the 36 States and the Federal Capital Territory in the first half of 2020.
The National Bureau of Statistics (NBS) made this known in its latest report released on Tuesday in Abuja.
The Bureau said Lagos had the highest IGR of N204.5 billion out of the total sum of N612.87 billion generated by all the 36 States and FCT during the first six months.
According to the NBS, Rivers State followed Lagos on the IGR chart with N64.58 billion (10.54 percent); FCT N35.2 billion (5.74 percent); Delta with N30.8 billion (5.03 percent), and Ogun with N28.6 billion (3.86 percent).
Oyo, Kano, Akwa Ibom, Kaduna and Edo ranked sixth, seventh, eight, ninth and tenth on the IGR log respectively.
The report added, “Jigawa State generated the least IGR (N3 billion) in the first half-year of 2020, followed by Ekiti with N3.2 billion, Adamawa with N3.75 billion and Gombe with N3.78 billion.”
Despite Lagos recording the largest IGR share, the NBS reported a marginal drop of 0.3 percent in the IGR of South-West States in the first half of 2020, as against the N205.1 billion recorded by the region during the first half of 2019.
Comparative analysis of the States’ IGR between 2019 and 2020 showed a drop of 11.7 percent in the first half (H1) of 2020.
The NBS report said, “The 36 states and FCT IGR figure hits N612.87bn in H1 2020 compared to N693.91bn recorded in 2019. This indicates a negative growth of -11.7% year on year”.
According to the report, states generated N353.14 billion in the first quarter and N259.73 billion in the second quarter.
The data was aggregated by the NBS in collaboration with the joint tax board headed by the Federal Inland Revenue Service (FIRS).
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