Business

Total Revenue From States Increased In 2019 – NBS

Lagos, Rivers, FCT emerge with highest annual IGR

National Bureau of Statistics (NBS) has revealed that the total revenue from states increased in 2019.

The Internally Generated Revenue (IGR) of states in the last quarter of 2019 and throughout the previous year was also revealed by the NBS.

In a report published on the official website of the NBS, it recorded Lagos State as having the highest IGR of every state in the last year.

Lagos recorded N398.7bn as its IGR in 2019, a figure more than that of 18 states cumulatively. Its figure stood for 29.88% of the total IGR for the previous year. Rivers State, the FCT, Ogun, Delta, Kaduna and Kano are amongst the states with the highest IGRs.

The state with the lowest IGR was Taraba while Yobe, Kebbi, Gombe, Ebonyi and Borno also recorded relatively low IGRs.

The total revenue available for 2019 was recorded as N3,807,463,975,557.00, an improvement of almost N100bn from what was recorded in 2018.

The FAAC contributed N2,473,237,965,275.64 to the total revenue while the IGR contributed N1,334,226,010,281.36, a figure which stood for 35% of the total revenue for 2019.

A huge chunk of the IGR came from Pay As You Earn (PAYE) taxes while others were from Direct Assessment, Road Taxes and other taxes. Taxes represented N1.1tn of the total IGR in states while Ministries, Departments and Agencies (MDAs) contributed to just above N221.5bn.

 

 

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!
Tags

Related Articles

Leave a Reply

Your email address will not be published.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

Back to top button
Close
Close
%d bloggers like this:
Close Bitnami banner
Bitnami