IGR: States, FCT revenue decline by 11.7% to N612.9bn in H1 2020

The 36 states of the federation and the Federal Capital Territory (FCT) recorded a combined Internally Generated Revenue (IGR) of N612.87 billion between January and June 2020, as against N693.9 billion declared during the same period in 2019.

The figures are contained in the latest National Bureau of Statistics’s (NBS’s) IGR state-level report for the first half of 2020 published on Tuesday.

According to the report, the figure dipped by 11.7 per cent from the N693.9 billion generated by the states during the same period in 2019.

The bureau said Lagos recorded the highest IGR with N204.51 billion within January and June.

Rivers placed far second with N64.59 billion, followed by FCT with N35.2 billion, Delta with N30.8 billion, and Ogun State N23.7 billion.

At the foot of the log is Yobe, Gombe, Adamawa, Ekiti, and Jigawa States which respectively earned N3.9 billion, N3.8 billion, N3.75 billion N3.2 billion, N3 billion.

The report also said in the second quarter of the year, the states and the FCT made ₦259.73 billion, a dip from N353.14 billion recorded in the first quarter.

“This indicates a negative growth of -26.5 per cent quarter on quarter,” NBS wrote.

Meanwhile, in the whole of 2019, all the states made a combined revenue of ₦N1.33 trillion.

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The quartet made a combined revenue of ₦685 billion, an equivalent of about 51.02 per cent. Others made a total of about ₦650 billion.

According to that report, Lagos alone accounted for about N400 billion of this figure. almost one-third of the total internal revenue of all the states and Abuja. The largest chunk of this was generated from taxes, especially those of formal sector employees, with only about 10 per cent generated by the state’s MDAs.

Sitting in far second is oil-rich Rivers which earned N140 billion, about half the amount generated by each of the Federal Capital Territory and Ogun State. As for Rivers and the FCT, taxes from the formal sector account for largest earning for the year; in Ogun, it is funds made from MDAs.

Behind these are Delta which made N64 billion; Kaduna, N44 billion, Kano N40 billion, Akwa Ibom N32 billion; and Enugu N31 billion.