BusinessLatest News

States’ IGR Drops To N612.87bn In H1 2020

…Lagos State leads with N204.51bn or 33.37 percent

The National Bureau of Statistics (NBS) on Tuesday said that States’ Internally Generated Revenue (IGR) dropped to N612.87bn in the first six months of 2020.

This indicated a decrease of 11.7 percent compared to the N693.91bn it was in the corresponding period of 2019.

The NBS report revealed that Lagos State had the highest IGR with N204.51bn or 33.37 percent of total figure recorded in H1 2020.

Lagos State was followed by Rivers State with N64.59bn or 10.54 percent; while Jigawa State recorded the least IGR of N3bn or 0.49 percent.

Part of the report read, “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 percent year on year.

“Similarly, the Q2 2020 states and FCT IGR figure hit N259.73bn compared to N353.14bn recorded in Q1 2020.

“This indicates a negative growth of -26.5% quarter on quarter.”


As stated in the NBS report, FCT earned N35.2bn or 5.74 percent; Delta earned N30.84bn or 5.03 percent; Ogun earned N23.68bn or 3.86 percent; Oyo earned N17.77bn or 2.9 percent; Kano earned N17.5bn or 2.86 percent; Akwa Ibom earned N16.21bn or 2.65 percent; and Kaduna earned N14.54bn or 2.37 percent.

Edo had N14.01bn or 2.29 percent; Ondo had N13.58bn or 2.22 percent; Enugu had N12.26bn or 2 percent; Anambra had N9.54bn or 1.56 percent; Plateau had N9.4bn or 1.53 percent; Kwara earned N9.36bn or 1.53 percent; and Osun earned N8.95bn or 1.46 percent.

Cross River earned N8.05bn or 1.31 percent; Imo had N7.73bn or 1.26 percent; Kogi had N7.43bn or 1.21 percent; Zamfara had N7.08bn or 1.16 percent; Ebonyi had N6.33bn or 1.03 percent; Abia had N6.18bn or 1.01 percent; Nasarawa had N5.9bn or 0.96 percent; while Bauchi had N5.75bn or 0.94 percent.

Katsina earned N5.53bn or 0.9 percent; Bayelsa had N5.38bn or 0.88 percent; Borno had N5.37bn or 0.88 percent; Benue had N5.534bn or 0.87 percent; Sokoto had N4.59bn or 0.75 percent; Kebbi had N4.38bn or 0.72 percent; and Taraba had N4.06bn or 0.66 percent.

Others are Niger with N4.01bn or 0.66 percent; Yobe had N3.92bn or 0.64 percent; Gombe had N3.78bn or 0.62 percent; Adamawa had N3.75bn or 0.61 percent; Ekiti had N3.2bn or 0.52 percent; while Jigawa had N3bn or 0.49 percent.

Help Aledeh News deliver the independent journalism Nigeria and the world need. Support us by making a contribution. Your donation allows Aledeh News to be completely independent. But it also means this online platform is only possible because of the support of readers like you. Support Now!

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button
Close Bitnami banner