The Internally Generated Revenue (IGR) of 36 states and the Federal Capital Territory shrank by 11.7 per cent in the first half of 2020.
According to the National Bureau of Statistics (NBS) which disclosed this in a report released in Abuja, the IGR in the first half-year of 2020 was ₦612.87 billion.
This figure is lower when compared to ₦693.91 billion recorded in 2019.
“The 36 states and FCT IGR figure hits ₦612.87bn in H1 2020 compared to ₦693.91 billion recorded in 2019. This indicates a negative growth of -11.7%, year on year,” the report states.
The data was aggregated by the NBS in collaboration with the joint tax board headed by the Federal Inland Revenue Service (FIRS).
The report notes that Lagos has the highest internally generated revenue of ₦204.5 billion; representing 33.37% of the total IGR figure.
Despite recording the largest share, the IGR of south-west states dropped marginally by 0.3% as states recorded ₦205.1 billion in H1 2019.
Lagos is followed by Rivers with ₦64.58 billion (10.54%); FCT ₦35.2 billion (5.74%); Delta with ₦30.8 billion (5.03%); and Ogun with ₦28.6 billion (3.86%). Oyo, Kano, Akwa Ibom, Kaduna and Edo ranked sixth, seventh, eighth, ninth and tenth respectively.
The estimated total IGR amassed by Lagos, FCT, Rivers, Delta and Ogun States is put at about N461billion in the period under review.
Jigawa generated the least IGR (₦3 billion) in the first half-year of 2020, followed by Ekiti with ₦3.2 billion, Adamawa with ₦3.75 billion and Gombe with ₦3.78 billion.
The report also noted that a decline was recorded in the 2020 second quarter revenue generated internally across the states.
The IGR recorded in the second quarter was less than what was generated in the first quarter.
According to the report, states generated ₦353.14 billion in the first quarter and ₦259.73 billion in the second quarter.
