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Home Business News Politics

[OFFICIAL] State Governments Post N2.48tr Internal Generated Revenue In 5 Years

Nairametrics by Nairametrics
October 24, 2015
in Politics
[OFFICIAL] State Governments Post N2.48tr Internal Generated Revenue In 5 Years
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The National Bureau of Statistics has released its final IGR report for the year ended December 2014. The report shows a total of N 707,857,998,395.47 was generated internally by states across the federation and is up 7% from the N662,045,725,237.28 generated in 2013.

This was also the slowest IGR growth recorded in the last 5 years and the first time we recorded single digit growth rate. Nevertheless, IGR is still 76% higher than the N401 billion generated in 2010. Nigerian States have now generated a total of N2.48 trillion in the last 5 years.

Lagos State led the IGR table with a total of N1 trillion and with Rivers State contributed about 50% of the total revenue generated by the States. Borno, Zamfara and Ekiti States reported the least total amount of IGR in the last five years with N11.7b, N12.5b, N13.6b generated respectively. Lagos State Generated N275 billion in 2014 and 39% of the total.

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Lagos State

2014 Stats shows Lagos State generated about N153,608,849,584.33 from Personal Income Taxes. It also generated N9,392,939,866.44, N4,577,146,136.00, N108,585,043,089.18 Direct Assessments, Road Taxes , Other Revenue respectively.

States20102011201220132014 Total
 N’billion N’billion N’billion N’billion N’billion N’billion
LAGOS           150           203           219           236           276      1,084
RIVERS             50             53             66             88             89          346
DELTA             26             35             46             50             43          199
EDO             11             15             19             19             17            80
ENUGU                9                7             12             20             19            68
AKWA IBOM             10             12             14             15             16            66
OYO             10                9             15             15             16            66
ABIA             11             12             17             13             12            65
OGUN                8             11             12             14             17            62
CROSS RIVER                8                9             13             12             16            58
KADUNA             12             10             12             11             13            57
KANO                7                7             11             17             14            55
KWARA                7                9             11             14             12            54
ONDO                6                8             10             10             12            47
BENUE                7             11                8                8                8            43
ANAMBRA                8                6                8                9             10            41
BAYELSA                5                4                5             11             11            35
EBONYI                2                2                8             10             11            34
IMO                6                6                7                8                8            34
PLATEAU                3                5                7                8                8            32
OSUN                3                7                5                7                9            32
JIGAWA                1                1                8             10                6            27
KATSINA                3                4                5                7                6            25
SOKOTO                4                4                4                6                6            24
ADAMAWA                4                4                5                4                5            22
BAUCHI                3                4                4                5                5            22
KEBBI                4                4                5                4                4            21
NIGER                3                4                4                4                6            21
KOGI                2                3                3                5                7            20
GOMBE                3                3                4                4                5            19
NASARAWA                2                4                4                4                4            18
YOBE                6                2                2                3                3            16
TARABA                1                3                3                3                4            15
EKITI                2                2                4                2                3            14
ZAMFARA                2                2                3                3                3            13
BORNO                2                2                2                2                3            12
Total           401           487           584           662           708      2,843
Tags: News Review
Nairametrics

Nairametrics

Nairametrics is Nigeria's top business news and financial analysis website. We focus on providing resources that help small businesses and retail investors make better investing decisions. Nairametrics is updated daily by a team of professionals. Post updated as "Nairametrics" are published by our Editorial Board.

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