NBS Data Re­veals La­gos Makes More Money than 26 States Com­bined

State hits N398bn IGR

THISDAY - - FRONT PAGE - James Emejo in Abuja

La­gos State has con­tin­ued to as­sert its po­si­tion as the coun­try's eco­nomic cap­i­tal, gen­er­at­ing a to­tal sum of N398.73 bil­lion in In­ter­nally Gen­er­ated Rev­enue (IGR) in 2019.

Its per­for­mance is the equiv­a­lent of the IGR of 26 states com­bined, and ac­counted for 29.88 per cent of to­tal col­lec­tions na­tion­wide, ac­cord­ing to fig­ures re­leased yes­ter­day by the Na­tional Bureau of Statis­tics (NBS).

The N398.7 bil­lion IGR of La­gos State is more than those of Taraba, Gombe, Kebbi,

Ebonyi, Borno, Yobe, Katsina, Ek­iti, Adamawa, Nasarawa, Bauchi, Niger, Ji­gawa, Abia, Zam­fara, Imo, Bayelsa, Kogi, Plateau, Benue, Osun,

Sokoto, Cross River, Anam­bra, Oyo and Edo which had a com­bined IGR of N375.2

bil­lion in 2019.

The Data also re­vealed that the 36 states of the fed­er­a­tion, in­clud­ing the Fed­eral Cap­i­tal Ter­ri­tory (FCT), gen­er­ated a to­tal of N1.33 tril­lion as IGR last year, com­pared to the N1.17 tril­lion recorded in 2018.

Ac­cord­ing to the IGR at state level for Fourth Quar­ter and Full Year 2019, all the states and FCT also gen­er­ated N346.20 bil­lion in IGR in Q4 2019 com­pared to N294.11 bil­lion recorded in the pre­ced­ing quar­ter, in­di­cat­ing a pos­i­tive growth of 17.71 per cent quar­ter on quar­ter.

La­gos ac­counted for N101.63 bil­lion of the 2019 Q4 IGR and fur­ther recorded the high­est IGR at full year with N398.73 bil­lion ac­count­ing for 29.88 per cent.

It was closely fol­lowed by Rivers with N140.40 bil­lion or 10.52 per cent while Taraba State recorded the least rev­enue of N6.53 bil­lion or 0.49 per cent of to­tal rev­enue for the pe­riod.

The FCT recorded N74.56 bil­lion or 5.59 per cent of to­tal rev­enue, Ogun N70.92 bil­lion or 5.32 per cent, Delta N64.67 bil­lion or 4.85 per cent, Kaduna N44.95 bil­lion or 3.37 per cent; Kano N40.59 bil­lion or 3.04 per cent; Akwa Ibom N32.29 bil­lion or 2.42 per cent; Enugu N30.06 bil­lion or 2.33 per cent; Kwara N30.64 bil­lion or 2.30 per cent; Ondo N30.13 bil­lion or 2.26 per cent; Edo N29.47 bil­lion or 2.21 per cent and Oyo N26.74 bil­lion or 2.00 per cent.

Anam­bra N26.36 bil­lion, Cross River N22.59 bil­lion or 1.69 per cent; Sokoto N19.01 bil­lion or 1.42 per cent; Osun N17.92 bil­lion or 1.34 per cent; Benue N17.82 bil­lion or 1.34 per cent and Plateau N16.48 bil­lion or 1.24 per cent of to­tal

IGR for the year un­der re­view.

Oth­ers are Kogi N16.38 bil­lion or 1.23 per cent; Bayelsa N16.34 bil­lion or 1.22 per cent; Imo N16.09 bil­lion or 1.21 per cent; Zam­fara N15.41 bil­lion or 1.16 per cent; Abia N14.76 bil­lion or 1.11 per cent; Ji­gawa N12.92 bil­lion or 0.97 per cent and Niger N12.76 bil­lion or 0.96 per cent of to­tal rev­enues.

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