Coronavirus

IGR: States make N1.33 trillion in 2019, grows by 14.1%

The report showed that 33 states, including Abuja, recorded positive growth in revenue, while 4 states generated less in 2019 compared to 2018.

Published

3 months ago

May 23, 2020

Samuel Oyekanmi

FAAC, IGR, Fiscal federalism in Nigeria, NEC Inauguration, Bailout Fund: FG begins deduction of N614 billion from states’ allocation in 2 weeks , Ekiti, Enugu, Bayelsa, 12 others attract no investment in 1H , States’ debt stock, Fiscal federalism

The latest Internally Generated Revenue (IGR) report released by the National Bureau of Statistics, revealed that 36 states and the Federal Capital Territory, generated a sum of N1.33 trillion in 2019, a 14.1% increase compared to N1.17 trillion generated in 2018.

According to the report, 83.4% (N1.11 trillion) of the generated revenue was in form of taxes, while 16.6% (221.56 billion) was from MDAs’ revenue.

The report showed that 33 states, including Abuja, recorded positive growth in revenue, while 4 states generated less in 2019 compared to 2018.

Breakdown

Lagos state maintains its position as the commercial hub of Nigeria as it contributed 29.9% (N398.73 billion) to the total states’ IGR.
Rivers state followed, having generated a sum of N140.4 billion, thereby contributing 10.5% to the total revenue generated.
The Federal Capital Territory ranked third as it generated N74.56 billion (5.6%) internally.
Other states with the biggest IGR for 2019 include Ogun (N70.9 billion), Delta (N64.7 billion), Kaduna (N44.9 billion), Kano (N40.6 billion) as well as Akwa Ibom. Enugu and Kwara states followed with N32.3 billion, N31.1 billion and N30.6 billion respectively.

Yobe, Zamfara, Osun, others record highest growth in IGR

While Lagos and Rivers states dwarfed others in revenue generation, Yobe, Zamfara, and Osun states recorded the highest positive growth in IGR for the year ended 2019.

Yobe state recorded the highest rise in IGR between 2018 and 2019 as the revenue grew by 92.7% from N4.38 billion to N8.44 billion.
Zamfara and Osun states followed with respective growths of 87.85% and 72.64%. Specifically, Zamfara state grew its revenue from N8.2 billion to N15.4 billion, while Osun IGR rose from 10.4 billion in 2018 to N17.9 billion in 2019.
Other states that significantly grew their IGR include Benue, Adamawa and Kaduna, having grown their revenue by 59.2%, 56.4%, and 52.7% respectively.

Revenue drought amidst COVID-19 pandemic

As the confirmed cases of COVID-19 in Nigeria continue to increase by the day, having spread across 34 states of the federation, and forcing a partial shutdown of the economy, the country faces a possible recession in 2020.

Recall that IMF earlier predicted that Nigeria’s economy would slide by 3.4% in 2020 and the Finance Minister recently admitted that the crash in crude prices would negatively affect the country’s revenue and foreign exchange earnings.

The internally generated revenue serves a major source of revenue for most states, but with the decline in economic activities during the pandemic, there is a major concern as to how most states will be able to manage their affairs.

Meanwhile, many states and local governments depend on monthly statutory allocations from the central vault to carry out their businesses, and as the country’s revenue is expected to decline, the FAAC allocations to states will also reduce.

The big question is how will the states fare amidst COVID-19 pandemic.

Related Topics:IGR Lagos IGR National Bureau of Statistics (NBS)NBS Report Nigeria News Rivers State Yobe State

Samuel Oyekanmi

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Coronavirus

COVID-19 Update in Nigeria

On the 8th of August 2020, 453 new confirmed cases and 6 deaths were recorded in Nigeria.

Published

19 hours ago

August 9, 2020

Samuel Oyekanmi

The spread of novel Corona Virus Disease (COVID-19) in Nigeria continues to record significant increase as the latest statistics provided by the Nigeria Centre for Disease Control reveal Nigeria now has 46,140 confirmed cases.

On the 8th of August 2020, 453 new confirmed cases and 6 deaths were recorded in Nigeria, having carried out a total daily test of 3,903 samples across the country.

To date, 46,140 cases have been confirmed, 33,044 cases have been discharged and 942 deaths have been recorded in 36 states and the Federal Capital Territory. A total of 314,632 tests have been carried out as of August 8th, 2020 compared to 310,729 tests a day earlier.

COVID-19 Case Updates- 8th August 2020,

Total Number of Cases – 46,140
Total Number Discharged – 33,044
Total Deaths – 942
Total Tests Carried out – 314,632

According to the NCDC, the 453 new cases were reported from 20 states- FCT (75), Lagos (71), Benue (53), Delta (39), Borno (30), Enugu (25), Plateau (24), Osun (20), Abia (19), Oyo (17), Kaduna (16), Kano (13), Ebonyi (13), Ogun (9), Kwara (7), Ondo (6), Gombe (3), Ekiti (2), Akwa Ibom (1) and Rivers (1).

Meanwhile, the latest numbers bring Lagos state total confirmed cases to 15,768, followed by Abuja (4,376), Oyo (2,860), Edo (2,376), Rivers (1,939), Kano (1,622), Delta (1,596), Kaduna (1,566), Ogun (1,439), Plateau (1,421), Ondo (1,284), Enugu (905), Ebonyi (851), Kwara (833), Katsina (746), Borno (682), Abia (644), Gombe (629), Osun (625), and Bauchi (576).

Imo State has recorded 476 cases, Benue (409), Nasarawa (367), Bayelsa (346), Jigawa (322), Akwa Ibom (235), Niger (226), Adamawa (185), Ekiti (161), Sokoto (154), Anambra (142), Kebbi (90), Zamfara (77), Taraba (72), Cross River (68), Yobe (67), while Kogi state has recorded 5 cases only.

Lock Down and Curfew

In a move to combat the spread of the pandemic disease, President Muhammadu Buhari directed the cessation of all movements in Lagos and the FCT for an initial period of 14 days, which took effect from 11 pm on Monday, 30th March 2020.

The movement restriction, which was extended by another two-weeks period, has been partially put on hold with some businesses commencing operations from May 4. On April 27th, 2020, Nigeria’s President, Muhammadu Buhari declared an overnight curfew from 8 pm to 6 am across the country, as part of new measures to contain the spread of the COVID-19. This comes along with the phased and gradual easing of lockdown measures in FCT, Lagos, and Ogun States, which took effect from Saturday, 2nd May 2020, at 9 am.

On Monday, 29th June 2020 the federal government extended the second phase of the eased lockdown by 4 weeks and approved interstate movement outside curfew hours with effect from July 1, 2020. Also, on Monday 27th July 2020, the federal government extended the second phase of eased lockdown by an additional one week.

On Thursday, 6th August 2020 the federal government through the secretary to the Government of the Federation (SGF) and Chairman of the Presidential Task Force (PTF) on COVID-19 announced the extension of the second phase of eased lockdown by another four (4) weeks.

Date	Confirmed case	New cases	Total deaths	New deaths	Total recovery	Active cases	Critical cases
August 8, 2020	46140	453	942	6	33044	12154	7
August 7, 2020	45687	443	936	6	32637	12114	7
August 6, 2020	45244	354	930	3	32430	11884	7
August 5, 2020	44890	457	927	17	32165	11798	7
August 4, 2020	44433	304	910	14	31851	11672	7
August 3, 2020	44129	288	896	8	20663	22570	7
August 2, 2020	43841	304	888	5	20308	22645	7
August 1, 2020	43537	386	883	4	20287	22567	7
July 31, 2020	43151	462	879	1	19565	22707	7
July 30, 2020	42689	481	878	5	19270	22541	7
July 29, 2020	42208	404	873	5	19004	22331	7
July 28, 2020	41804	624	868	8	18764	22172	7
July 27, 2020	41180	648	860	2	18203	22117	7
July 26, 2020	40532	555	858	2	17374	22300	7
July 25, 2020	39977	438	856	11	16948	22173	7
July 24, 2020	39539	591	845	12	16559	22135	7
July 23, 2020	38948	604	833	20	16061	22054	7
July 22, 2020	38344	543	813	8	15815	21716	7
July 21, 2020	37801	576	805	4	15677	21319	7
July 20, 2020	37225	562	801	12	15333	21091	7
July 19, 2020	36663	556	789	11	15105	20769	7
July 18, 2020	36107	653	778	6	14938	20391	7
July 17, 2020	35454	600	772	3	14633	20049	7
July 16, 2020	34854	595	769	9	14292	19793	7
July 15, 2020	34259	643	760	6	13999	19500	7
July 14, 2020	33616	463	754	10	13792	19070	7
July 13, 2020	33153	595	744	4	13671	18738	7
July 12, 2020	32558	571	740	16	13447	18371	7
July 11, 2020	31987	664	724	15	13103	18160	7
July 10, 2020	31323	575	709	20	12795	17819	7
July 9, 2020	30748	499	689	5	12546	17513	7
July 8, 2020	30249	460	684	15	12373	17192	7
July 7, 2020	29789	503	669	15	12108	17012	7
July 6, 2020	29286	575	654	9	11828	16804	7
July 5, 2020	28711	544	645	11	11665	16401	7
July 4, 2020	28167	603	634	6	11462	16071	7
July 3, 2020	27564	454	628	12	11069	15867	7
July 2, 2020	27110	626	616	13	10801	15693	7
July 1, 2020	26484	790	603	13	10152	15729	7
June 30, 2020	25694	561	590	17	9746	15358	7
June 29, 2020	25133	566	573	8	9402	15158	7
June 28, 2020	24867	490	565	7	9007	14995	7
June 27, 2020	24077	779	558	4	8625	14894	7
June 26, 2020	23298	684	554	5	8253	14491	7
June 25, 2020	22614	594	549	7	7822	14243	7
June 24, 2020	22020	649	542	9	7613	13865	7
June 23, 2020	21371	452	533	8	7338	13500	7
June 22, 2020	20919	675	525	7	7109	13285	7
June 21, 2020	20242	436	518	12	6879	12847	7
June 20, 2020	19808	661	506	19	6718	12584	7
June 19, 2020	19147	667	487	12	6581	12079	7
June 18, 2020	18480	745	475	6	6307	11698	7
June 17, 2020	17735	587	469	14	5967	11299	7
June 16, 2020	17148	490	455	31	5623	11070	7
June 15, 2020	16658	573	424	4	5349	10885	7
June 14, 2020	16085	403	420	13	5220	10445	7
June 13, 2020	15682	501	407	8	5101	10174	7
June 12, 2020	15181	627	399	12	4891	9891	7
June 11, 2020	14554	681	387	5	4494	9673	7
June 10, 2020	13873	409	382	17	4351	9140	7
June 9, 2020	13464	663	365	4	4206	8893	7
June 8, 2020	12801	315	361	7	4040	8400	7
June 7, 2020	12486	260	354	12	3959	8173	7
June 6, 2020	12233	389	342	9	3826	8065	7
June 5, 2020	11844	328	333	10	3696	7815	7
June 4, 2020	11516	350	323	8	3535	7646	7
June 3, 2020	11166	348	315	1	3329	7522	7
June 2, 2020	10819	241	314	15	3239	7266	7
June 1, 2020	10578	416	299	12	3122	7157	9
May 31, 2020	10162	307	287	14	3007	6868	7
May 30, 2020	9855	553	273	12	2856	6726	7
May 29, 2020	9302	387	261	2	2697	6344	7
May 28, 2020	8915	182	259	5	2592	6064	7
May 27, 2020	8733	389	254	5	2501	5978	7
May 26, 2020	8344	276	249	16	2385	5710	7
May 25, 2020	8068	229	233	7	2311	5524	7
May 24, 2020	7839	313	226	5	2263	5360	7
May 23, 2020	7526	265	221	0	2174	5131	7
May 22, 2020	7261	245	221	10	2007	5033	7
May 21, 2020	7016	339	211	11	1907	4898	7
May 20, 2020	6677	284	200	8	1840	4637	7
May 19, 2020	6401	226	192	1	1734	4475	7
May 18, 2020	6175	216	191	9	1644	4340	7
May 17, 2020	5959	388	182	6	1594	4183	7
May 16, 2020	5621	176	176	5	1472	3973	7
May 15, 2020	5445	288	171	3	1320	3954	4
May 14, 2020	5162	193	168	3	1180	3815	4
May 13, 2020	4971	184	164	6	1070	3737	4
May 12, 2020	4787	146	158	6	959	3670	4
May 11, 2020	4641	242	152	10	902	3589	4
May 10, 2020	4399	248	142	17	778	3479	4
May 9, 2020	4151	239	127	11	745	3278	4
May 8, 2020	3912	386	118	10	679	3115	4
May 7, 2020	3526	381	108	4	601	2818	4
May 6, 2020	3145	195	104	5	534	2507	1
May 5, 2020	2950	148	99	5	481	2370	4
May 4, 2020	2802	245	94	6	417	2291	2
May 3, 2020	2558	170	88	2	400	2070	2
May 2, 2020	2388	220	86	17	351	1952	2
May 1, 2020	2170	238	69	10	351	1751	2
April 30, 2020	1932	204	59	7	317	1556	2
April 29, 2020	1728	196	52	7	307	1369	2
April 28, 2020	1532	195	45	4	255	1232	2
April 27, 2020	1337	64	41	0	255	994	2
April 26, 2020	1273	91	41	5	239	994	2
April 25, 2020	1182	87	36	3	222	925	2
April 24, 2020	1095	114	33	1	208	855	2
April 23, 2020	981	108	32	3	197	753	2
April 22, 2020	873	91	29	3	197	648	2
April 21, 2020	782	117	26	3	197	560	2
April 20, 2020	665	38	23	1	188	466	2
April 19, 2020	627	86	22	2	170	436	2
April 18, 2020	541	48	20	2	166	356	2
April 17, 2020	493	51	18	4	159	317	2
April 16, 2020	442	35	13	1	152	277	2
April 15, 2020	407	34	12	1	128	267	2
April 14, 2020	373	30	11	1	99	263	2
April 13, 2020	343	20	10	0	91	242	2
April 12, 2020	323	5	10	0	85	228	2
April 11, 2020	318	13	10	3	70	238	2
April 10, 2020	305	17	7	0	58	240	2
April 9, 2020	288	14	7	1	51	230	2
April 8, 2020	274	22	6	0	44	226	2
April 7, 2020	254	16	6	1	44	204	2
April 6, 2020	238	6	5	0	35	198	2
April 5, 2020	232	18	5	1	33	194	2
April 4, 2020	214	5	4	0	25	185	0
April 3, 2020	209	25	4	2	25	180	0
April 2, 2020	184	10	2	0	20	162	0
April 1, 2020	174	35	2	0	9	163	0
March 31, 2020	139	8	2	0	9	128	0
March 30, 2020	131	20	2	1	8	121	0
March 29, 2020	111	22	1	0	3	107	0
March 28, 2020	89	19	1	0	3	85	0
March 27, 2020	70	5	1	0	3	66	0
March 26, 2020	65	14	1	0	2	62	0
March 25, 2020	51	7	1	0	2	48	0
March 24, 2020	44	4	1	0	2	41	0
March 23, 2020	40	10	1	1	2	37	0
March 22, 2020	30	8	0	0	2	28	0
March 21, 2020	22	10	0	0	1	21	0
March 20, 2020	12	4	0	0	1	11	0
March 19, 2020	8	0	0	0	1	7	0
March 18, 2020	8	5	0	0	1	7	0
March 17, 2020	3	1	0	0	0	3	0
March 16, 2020	2	0	0	0	0	2	0
March 15, 2020	2	0	0	0	0	2	0
March 14, 2020	2	0	0	0	0	2	0
March 13, 2020	2	0	0	0	0	2	0
March 12, 2020	2	0	0	0	0	2	0
March 11, 2020	2	0	0	0	0	2	0
March 10, 2020	2	0	0	0	0	2	0
March 9, 2020	2	1	0	0	0	2	0
March 8, 2020	1	0	0	0	0	1	0
March 7, 2020	1	0	0	0	0	1	0
March 6, 2020	1	0	0	0	0	1	0
March 5, 2020	1	0	0	0	0	1	0
March 4, 2020	1	0	0	0	0	1	0
March 3, 2020	1	0	0	0	0	1	0
March 2, 2020	1	0	0	0	0	1	0
March 1, 2020	1	0	0	0	0	1	0
February 29, 2020	1	0	0	0	0	1	0
February 28, 2020	1	1	0	0	0	1	0

Coronavirus

UPDATED: Buruji Kashamu dies, bows to COVID-19

Kashamu’s demise was announced by a former lawmaker-friend and party member on Twitter.

Published

1 day ago

August 8, 2020

Abiola Odutola

Senator Esho Jinadu, popularly known as Buruji Kashamu, has died on Saturday.

Buruji, who was a member of the 8th Senate, died of complications from COVID-19 at the First Cardiology Consultants, Lagos.

This was disclosed by Senator Ben Murray-Bruce via his Twitter handle.

I have just lost my good friend of forever to #COVID19. Until his death, Sen. Buruji Kashamu and I were inseparable. He died today at First Cardiology Consultants, in Lagos. May his gentle soul rest in peace. I pray his family and loved ones the fortitude to bear this heavy loss. pic.twitter.com/OJGIt0VK3n

— Ben Murray-Bruce (@benmurraybruce) August 8, 2020

Kashamu, 62, served as a Senator representing Ogun-East in the eighth National Assembly under the Peoples Democratic Party (PDP).

He joins a list of prominent Nigerians who have succumbed to the novel coronavirus.

Former Chief of Staff to President Muhammadu Buhari, Abba Kyari and former Governor of Oyo state, Abiola Ajimobi, have also passed on from COVID-19 complications.

Kashamu’s family is yet to issue an official statement regarding his death.

Business

Ogun State initiates tax relief scheme to cushion effects of COVID-19

Governor Abiodun urged taxpayers in the state to make use of the relief packages.

Published

1 day ago

August 8, 2020

William Ukpe

Coronavirus: Ogun State bans cinemas, night clubs, restaurants, other businesses from operating, COVID 19: Ogun State launches digital classes for students

The Ogun State Government has announced that its Internal Revenue Service would launch tax relief packages to cushion the economic effects of the COVID-19 pandemic on taxpayers in the state.

This was announced by the State Governor, Prince Dapo Abiodun, on Saturday morning through a statement that was issued via his official Twitter handle.

Governor Abiodun urged taxpayers in the state to make use of the relief packages which include a 6 month extension of the 2019 income tax returns deadline for self-employed residents from March 31, 2020 to September 30, 2020.

He also granted an “8-month extension of filling of 2019 annual PAYE returns by PAYE operators/tax agents from January 31, 2020 to September 30, as well as complete waiver of interest and penalty for late filling for the extension period.”

I have approved certain tax reliefs to be immediately effected by the Ogun State Internal Revenue Service towards cushioning COVID-19 economic effects on our taxpayers. These include: pic.twitter.com/SIyEBt26G4

— Prince Dr. Dapo Abiodun – MFR (@dabiodunMFR) August 8, 2020

Other packages include a total waiver of interest and penalties for late remittances of PAYE for the extended period, and a waiver for late payment of Personal Income Tax, which would run from January 1, 2020 to December 31.

Finally, the state granted a waiver on weekly tax payments by operators of betting and pool businesses from April 1 to June 30, 2020.

The Governor said that the state’s Tax Audit Reconciliation Committee (TARC) would run its operations through video conferencing to “continue ensuring ease of doing business while maintaining physical distancing.