Lagos leads as states generates N5.1tr Revenue in 3years.

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From 2019 to 2021, the 36 states of the federation and the Federal Capital Territory (FCT) realised a total of N5.1 trillion as internally generated revenue (IGR).

The National Bureau of Statistics (NBS) announced the figure yesterday in a document, titled: Internally Generated Revenue At State Level (2019-2021).

According to the data, the states raked in N1.64 trillion in 2019; realised N1.56 trillion in 2020 and made N1.90 trillion in 2021.

The revenue collections which, in 2019, were 64.65 per cent share of tax revenue, dipped by 4.65 per cent in 2020 and rose 66.16 per cent and again soared by 21.54 per cent in 2021.

NBS said: “Internally Generated Revenue at the state level for 2019 stood at N1.64 trillion with a 64.65 per cent share of tax revenue. The revenue declined by 4.65 per cent in 2020 when the IGR was N1.56 trillion. However, the proportion of tax revenue in 2020 rose to 66.16 per cent.

“The total IGR in 2021 stood at N1.90 trillion, indicating a growth rate of 21.54 per cent over 2020 revenue collections.”

On state profile analysis, said NBS, Lagos State recorded the highest IGR in 2019 with N646.61 billion, followed by Rivers with N169.60 billion.

The bureau also announced that “again, in 2020, Lagos revenue stood top with N659.99 billion, followed by Rivers with N117.19 billion. Furthermore, Lagos and FCT recorded the highest collections in 2021 with N753.46 billion and N131.92 billion respectively”.

The total revenue that Lagos State generated in the period under review was N2.06 trillion, which was 40 per cent of the total sum.

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