Lagos, Rivers lead as 36 states generate N691.11b revenue
Revenue (IGR) from the 36 states and the Federal Capital Territory (FCT) at N691.11 billion.
The NBS, in its ‘IGR at State Level for Q1 and Q2 2019’ report released on Friday on its website, stated that compared to the N596.91 billion recorded in the second half of 2018, there was an increase of N94.2 billion, indicating a growth of 15.78 per cent.
According to the report, 31 states and the FCT recorded IGR, while five states recorded decline in the period under review.
The net Federation Accounts Allocation Committee (FAAC) allocation in the first half of the year is put at N1.2 trillion, while the total revenue available to the states and the FCT is put at N1.89 trillion. Foreign debt stood at $4.23 billion, while domestic debt hit N3.85 trillion at the end of 2018.
The bureau explained that the IGR was derived from Ministries, Departments and Agencies (MDAs), Direct Assessment, Pay As You Earn (PAYE), road taxes and other taxes.
The data showed that Lagos State led the collection table with N263.25 billion, while Rivers collected N151.8 billion; Delta N145 billion, Akwa Ibom N106.7 billion and FCT N72.8 billion.
Bayelsa generated N71.6 billion, Kano N58.5 billion, Kaduna N54.7 billion, Ogun N48 billion, Edo N47.3 billion, Ondo N47.2 billion, Oyo N42.1 billion, Sokoto N38.8 billion, Benue N38.1 billion, Imo N37.4 billion and Kwara N36.6 billion.
Others are Niger with N36.1 billion, Enugu N35.7 billion, Katsina N35.4 billion, Cross River N33.9 billion, Jigawa N33.9 billion, Bauchi N33.7 billion, Borno N33.6 billion, Abia N33.5 billion, Anambra N32.2 billion and Kogi N31.6 billion.
Plateau generated N30.7 billion, Kebbi N30.3 billion, Adamawa N28.2 billion, Yobe N27.2 billion, Zamfara N27.1 billion, Nasarawa N26.6 billion, Ebonyi N26.5 billion, Taraba N25.7 billion, Ekiti N25 billion, Gombe N21.7 billion and Osun N20.2 billion.
According to the report, the recorded IGR made by the states excludes the monthly allocation received from FAAC. It added that the states’ IGR data was computed by the NBS and the Joint Tax Board (JTB) official records and submissions by the 36 state Boards of Internal Revenue (BIRs).
These submissions were validated by the JTB chaired by the Federal Inland Revenue Service (FIRS). The board has the NBS and the 36 BIRs as members.
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