States Grew IGR To N1.1trn In 2018 – NBS Report
The National Bureau of Statistics on Thursday released the Internally Generated Revenue report for 2018, with the 36 states and the Federal Capital Territory generating a total amount of N1.16trn.
The NBS, in a report posted on its website, said the N1.16tn represented an increase of N231.53bn over the N936.47bn recorded in 2017.
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.
The IGR made by the states excludes the monthly allocation that they received from the Federation Accounts Allocation Committee.
Further analysis of the revenue showed that Lagos State, with total revenue of N382.18bn generated, led the IGR collection table.
This is followed by Rivers and Ogun states with N112.78bn and N84.55bn respectively in 2018.
The FCT followed with IGR of N65.51bn while Delta and Kano had N58.43bn and N44.1bn respectively.
The report stated that Kaduna generated N29.4bn; Edo, N28.45bn; Oyo, N24.67bn; Enugu, N22.15bn; and Akwa-Ibom, N24.21bn
Kwara had N23.04bn; Ondo, N24.78bn; Anambra, N19.3bn; Imo, N14.88bn; Abia, N14.83bn; Bayelsa, N13.63bn; and Plateau, N12.72bn.
Similarly, Benue had IGR of N11.21bn, Sokoto, N18.76bn; Kogi, N11.33bn; Niger, N10.43bn; Jigawa, N9.24bn; Osun, N10.38bn; Bauchi, N9.69bn; Nassarawa, N7.56bn; Katsina, N6.96bn; Adamawa, N6.2bn; Borno, N6.52bn; Ekiti, N6.46bn; Zamfara, N8.2bn; and Taraba N5.96bn.
The others are Ebonyi, N6.14bn; Gombe, N7.34bn; Kebbi, N4.88bn; and Yobe, N4.38bn.
The report read in part, “The Q4 2018 states and FCT IGR figure hits N324.59bn compared to N264.34bn recorded in Q3 2018.
“This indicates a positive growth of 22.79 per cent quarter-on-quarter and 24.82 per cent year-on-year
“Thirty-one states and the FCT recorded growth in IGR while five states recorded decline in IGR quarter-on-quarter at the end of Q4 2018.
“The net FAAC allocation in Q4 2018 is put at N2.56tn while the total revenue available to the states including the FCT is put at N3.74tn.”
In terms of foreign debt of states, the NBS report said this stood at $4.23bn while domestic debt was put at N3.85tn at the end of 2018.