…States IGR drops to N1.31tr in 2020
Lagos, Delta, Kaduna and Ogun States topped the 2020 Internal Generated Revenue (IGR) chart in the country, a report released by the National Bureau of Statistics (NBS) has shown.
The NBS disclosed this on Friday, in its “Internally Generated Revenue At State Level” report for the fourth quarter and full-year 2020 published on its website.
The NBS said Lagos State recorded the highest IGR of N418.99bn, closely followed by Rivers, with N117.19bn and the FCT with N92.05bn.
Delta State recorded N59.732bn; Kaduna N50.768bn; Ogun N50.749bn; Oyo N38.042 bn; Kano N31.819bn; Akwa-Ibom N30.696bn; Anambra N28.009bn, Edo N27.184bn; Ondo N24.848bn and Enugu N23.650bn, amongst others.
In its release, the NBS submitted that 36 States and the Federal Capital Territory (FCT) generated N1.31 trillion as IGR in 2020, compared to N1.33 trillion recorded in 2019, which indicates a negative growth of -1.93 percent year on year.
Explaining the criterion used to arrive at this data, NBS said states IGR data was computed by the NBS and the Joint Tax Board (JTB) from official records and submissions by the 36 State Boards of Internal Revenue.