Tuesday, November 09, 2021 / 09:51 AM / by NBS / Header Image Credit: NBS
The National Bureau of Statistics published theInternally Generated Revenue (IGR) Report at State level for Half Year (1H)2021. The Internally Generated Revenue Report is sub-headed under fivecategories: PAYE, Direct Assessment, Road Taxes, Other Taxes and revenue fromMinistries, Departments and Agencies (MDAs).
The 36 States and FCT Internally Generated Revenueamounted to N849,123,384,003.55 in 1H 2021. In the first quarter of 2021, theinternally generated revenue was N398,259,343,434.98 while in the secondquarter it amounted to N450,864,040,568.57. This indicates a positive growth of13.21%.
Lagos state has the highest Internally GeneratedRevenue with N267,232,774,434.06 in 1H 2021, followed by FCT withN69,072,879,664.43 and Rivers state with N57,324,672,372.42. While Yobe statewith N4,031,033,046.55 recorded the least.
Internally Generated Revenue by Zones in the firsthalf of 2021 shows that the South-West zone recorded the highest revenue whichamounted to N385,414,274,922.27 billion followed by the South-South zone withN156,171,326,501.04 billion, while the North-East zone recorded the leastinternally generated revenue with N42,915,002,928.39 billion.
Amongst the Internally Generated Revenue categories,PAYE contributed the highest which amounted to N488,106,692,662.06, this wasfollowed by revenue from MDAs which amounted to N173,555,639,556.76. The leastcategory was Road Tax with a contribution of N16,752,826,313.01 in the firsthalf of 2021.
Related to IGR
- 2020 IGR Report: Urgent Need to Bolster States' IGR
- Improving IGR: A Call for Action
- N1.31trn Generated as IGR in 2020 - NBS
- The New Normal; States Scurry for Higher IGRs
- States Generated N612.87bn as IGR in H1 2020 - NBS
Related News on State and Local Govt
- 2021 State of States Report: Fiscal Options for Building Back Better
- Challenging Data on States' Finances
- Fiscal Sustainability and the Resilience of the Nigerian State
- Borrowing Straitjacket for Most States
- GSIPDC Board Intends to Put Necessary Strategies in Place to Actualize Notable Projects
- Very Heavy Debt Burdens for Most States
- Book of States 2020: Vast Resources, Low Industrial Development
- NIPC Publishes Book of States 2020
- Actual Expenditure of All 36 States Grew by 2.73% to N5.26trn in 2019 Fiscal Year
- Ogun State Debt Figures - Understanding the Facts, Fiction and Black Spots
- Ehingbeti Economic Summit 2021: The Lagos of Our Dream
- 8th Ehingbetti Summit: Lagos as An Accelerator; A Smart City's Destiny
- Ogun State: 52 Weeks of Building Our Future Together
- Communique - Meeting of the SW Governors, MACBAN and Security Agencies
- IOD Forum: Governor Sanwo-Olu Highlights US$2bn PPP Opportunities in Lagos