Tue. Nov 26th, 2024

36 States, FCT Suffer 1.93% Decline in Total IGR in 2020

internally generated revenue IGR

By Dipo Olowookere

The 36 states of the federation and the Federal Capital Territory (FCT) Abuja suffered a 1.93 per cent decline in the total internally general revenue (IGR) in 2020.

This information was contained in a report released by the National Bureau of Statistics (NBS) on Friday, which was analysed by Business Post.

In the report, the NBS said last year, the total IGR was N1.31 trillion, lower than N1.33 trillion recorded in 2019, with Lagos State accounting for N418.99 billion, closely followed by Rivers State with N117.19 billion and Yobe State recording the least IGR of N7.78 billion.

Total IGR analysis

In terms of percentage, Lagos accounted for 32.08 per cent of the total IGR last year, while Rivers contributed 8.97 per cent, with FCT accounting for 7.05 per cent with N92.06 billion.

Further, Delta accounted for 4.57 per cent with N59.73 billion, Kaduna contributed 3.89 per cent with N50.77 billion, Ogun accounted for 3.89 per cent with N50.75 billion, Oyo accounted for 2.91 per cent with N38.04 billion, Kano had 2.44 per cent with N31.82 billion, Akwa Ibom had 2.35 per cent with N30.70 billion, while Anambra had 2.14 per cent with N28.01 billion.

From the bottom, Yobe accounted for 0.60 per cent of the total IGR for the states and the FCT last year and was trailed by Taraba, which contributed 0.62 per cent with N8.12 billion and Adamawa, which accounted for 0.64 per cent with N8.33 billion.

Gombe accounted for 0.65 per cent with N8.54 billion, Jigawa accounted for 0.66 per cent with N8.67 billion, Ekiti contributed 0.67 per cent with N8.72 billion, Benue contributed 0.80 per cent with N10.46 billion, Niger accounted for 0.81 per cent with N10.52 billion, Katsina had 0.87 per cent with N11.40 billion, while Borno had 0.89 per cent with N11.58 billion.

Business Post observed that in terms of IGR growth in the year, Kebbi came top as its revenue rose by 87.02 per cent, followed by Ebonyi, which grew by 82.30 per cent and Oyo with 42.23 per cent.

Borno grew its IGR in 2020 by 41.63 per cent, Katsina by 32.16 per cent, Gombe by 25.50 per cent, Taaraba by 24.21 per cent, FCT by 23.46 per cent, Zamfara by 20.00 per cent and Plateau by 16.03 per cent. Lagos increased its IGR in the year by just 5.08 per cent.

However, Benue recorded the highest decline in the total IGR last year by 41.38 per cent, Sokoto by 37.93 per cent, Kwara by 36.03 per cent, Jigawa by 32.95 per cent, Ogun by 28.44 per cent, Cross River by 28.38 per cent, Enugu by 23.88 per cent, Kano by 21.61 per cent, Niger by 17.55 per cent and Ondo by 17.55 per cent. Rivers recorded a decline in its yearly IGR by 16.53 per cent.

By Dipo Olowookere

Dipo Olowookere is a journalist based in Nigeria that has passion for reporting business news stories. At his leisure time, he watches football and supports 3SC of Ibadan. Mr Olowookere can be reached via [email protected]

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