Nigeria’s states IGR declines by 11.7% in H1’20 – NBS

Nigeria's states IGR declines by 11.7% in H1'20 - NBS

The 36 states of the federation, including the Federal Capital Territory, FCT, Internally Generated Revenue (IGR) declined by 11.7 per cent in the first half of the year to N612.87 billion.

This was contained in the states internally generated revenue report released by the National Bureau of Statistics (NBS) on Tuesday.

The report stated that this figure is lower when compared to N693.91 billion recorded in 2019.

“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,” the report read.

The data was computed by the NBS in conjunction with the joint tax board headed by the Federal Inland Revenue Service (FIRS).

The report noted that Lagos has the highest internally generated revenue of N204.5 billion, representing 33.37 per cent of the total IGR figure.

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Despite recording the largest share, the IGR in the south-west states dropped marginally by 0.3 per cent as states recorded N205.1 billion in H1 2019.

Lagos is followed by Rivers with N64.58 billion (10.54 per cent); FCT N35.2 billion (5.74 per cent); Delta with N30.8 billion (5.03 per cent); and Ogun with N28.6 billion (3.86 per cent).

Oyo, Kano, Akwa Ibom, Kaduna and Edo ranked sixth, seventh, eight, ninth and tenth respectively.

Jigawa generated the least IGR (N3 billion) in the first half-year of 2020.

Jigawa is followed by Ekiti with N3.2 billion, Adamawa with N3.75 billion and Gombe with N3.78 billion.

The report also noted that a decline was recorded in the 2020 second-quarter revenue generated internally across the states.

The IGR recorded in the second quarter was less than that generated in the first quarter.

According to the report, states generated N353.14 billion in the first quarter and N259.73 billion in the second quarter.

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