It has been learned that the 36 states of the federation and the Federal Capital Territory (FCT) realized a total of N5.1 trillion as internally generated revenue (IGR) from 2019 to 2021.
This was announced yesterday by the National Bureau of Statistics (NBS) in a document titled: Internally Generated Revenue At State Level (2019-2021).
According to the data, the states raked in N1.64 trillion in 2019; realized N1.56 trillion in 2020, and made N1.90 trillion in 2021.
The revenue collections which, in 2019, were 64.65 percent share of tax revenue, dipped by 4.65 percent in 2020 and rose to 66.16 percent, and again soared by 21.54 percent in 2021.
NBS said: “Internally Generated Revenue at the state level for 2019 stood at N1.64 trillion with a 64.65 percent share of tax revenue. The revenue declined by 4.65 percent in 2020 when the IGR was N1.56 trillion. However, the proportion of tax revenue in 2020 rose to 66.16 percent.
“The total IGR in 2021 stood at N1.90 trillion, indicating a growth rate of 21.54 percent over 2020 revenue collections.”
On state profile analysis, said NBS, Lagos State recorded the highest IGR in 2019 with N646.61 billion, followed by Rivers with N169.60 billion.
The bureau also announced that “again, in 2020, Lagos revenue stood top with N659.99 billion, followed by Rivers with N117.19 billion. Furthermore, Lagos and FCT recorded the highest collections in 2021 with N753.46 billion and N131.92 billion respectively”.
