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News

Nigeria’s IGR Leaps by13.21% in 2021, FCT Surpasses Rivers

AdminBy AdminNovember 9, 2021Updated:November 9, 2021No Comments2 Mins Read
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Abuja.

The Internally Generated Revenue (IGR) by the 36 states of the federation,so far in 2921 stood at N849.123 billion,compared to N612.87billion generated in 2020, showing an increase of 13.21 per cent.

This is contained in the report by the National Bureau of Statistics, (NBS) on Tuesday in Abuja, which disclosed that N398 billion was generated in the first quarter of 2021 and N450bn in the second quarter.

According to the report, the IGRs were classified into five subheads of: PAYE, Direct Assessment, Road Taxes, Other Taxes and revenue from Ministries, Departments and Agencies (MDAs), adding that Lagos State leads with N267 billion,followed by the FCT with N69 billion and Rivers which generated N57 billion.

It added that Yobe State had the least amount with N4bn and Taraba, N4.7bn; Gombe, N5.4bn in that order.

The IGR of other states within the period under review, according to NBS are’ Abia, N7.5bn; Adamawa, N6bn; Akwa Ibom, N18bn; Anambra, N12.7bn; Bauchi, N9.4bn; Bayelsa, N6.4bn; Benue, N6.7bn; Borno, N9.8bn; Cross River, N14.7; Delta, N41.9bn; Ebonyi, N7.7bn; Edo, N17.6bn; Ekiti, N6.5Bbn; Enugu, N14.1bn; Imo, N9.9bn; Jigawa, N9.3bn; Kaduna, N26.4bn and Kano, N15bn.

Others are: Katsina, N7.4bn; Kebbi, N7.3bn; Kogi, N9.6bn; Kwara, N15.9bn; Nasarawa, N9.5bn; Niger, N7.9bn; Ogun, N54bn; Ondo, N17.9bn; Osun, N13.6bn; Oyo, N25.9bn; Plateau, N14.4bn; Sokoto, N8.4bn and Zamfara, N8.4bn.

The report further revealed that that the IGR by the six geo-political zones in the first half of 2021 showed that South West recorded the highest revenue of N385,414,274,922.27; South-South, N156,171,326,501.04; North-East zone recorded the least internally generated revenue with N42,915,002,928.39 billion
Illustration by Vanguard.

Edited by Dada Ahmed with Opera news report.

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