States’ IGR hits N1.33trn in 2019, as Lagos maintains first spot

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States’ IGR hits N1.33trn in 2019, as Lagos maintains first spotStates’ IGR hits N1.33trn in 2019, as Lagos maintains first spot

The National Bureau of Statistics Published Internally Generated Revenue (IGR) at State level for Fourth Quarter and Full Year 2019.

The NBS, in a report posted on its website, said the 36 states and FCT IGR figure hits N1.33trn in 2019 compared to N1.17trn recorded in 2018. This indicates a positive growth of 20.92% year on year.

The NBS stated that the Q4 2019 states and FCT IGR figure hit N346.20bn compared to N294.11bn recorded in Q3 2019. This indicates a positive growth of 17.71% quarter on quarter.

The NBS stated that the IGR was generated from five main revenue sources: Pay-As-You-Earn, direct assessment, road taxes, Ministries, Departments and Agencies, and other revenue.

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The IGR made by the states excludes the monthly allocation that they received from the Federation Accounts Allocation Committee.

Further analysis of the revenue by Brand Spur showed that Lagos State has the highest Internally Generated Revenue with N398.73bn recorded, closely followed by Rivers with N140.40bn while Taraba State recorded the least Internally Generated revenue.

Top ten states with highest IGR in 2019: The top 10 states in Nigeria in term of 2019 IGR accounted for 69.62 per cent of total IGR. The breakdown shows that the top 10 states accumulated a total of N928.9bn IGR in 2019.

Read Also:  Q3’19 GDP: Nigeria economy grew by 2.28% despite weak expansion in oil sector

States’ IGR hits N1.33trn in 2019, as Lagos maintains first spot

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States’ IGR hits N1.33trn in 2019, as Lagos maintains first spotStates’ IGR hits N1.33trn in 2019, as Lagos maintains first spot

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States’ IGR hits N1.33trn in 2019, as Lagos maintains first spotStates’ IGR hits N1.33trn in 2019, as Lagos maintains first spot

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- Advertisement -States’ IGR hits N1.33trn in 2019, as Lagos maintains first spotStates’ IGR hits N1.33trn in 2019, as Lagos maintains first spot