16th April, 2016
When it comes to internally generated revenue in Nigeria, no state comes anywhere near Lagos state, Nigeria’s former capital state and commercial nerve centre.
Lagos staggering IGR does not only dwarf that of most states but also proves that the state has the capacity to embark on projects like the Fourth Mainland Bridge amongst others.
In a report released by the National Bureau of Statistics on Friday in Abuja, the 36 states in the country have generated about N682.7 billion as Internally Generated Revenue (IGR) in 2015 fiscal year.
An analysis of the report showed that Lagos state generated the highest IGR of N268.2 billion, followed by Rivers state with N82.1 billion and Delta with N40.8 billion.
It showed the states with the lowest IGR in 2015 as Ebonyi state with Zero IGR followed by Yobe state with N2.2 billion and Zamfara with N2.7 billion.
The report also showed that the overall IGR of states had dropped by N25.18 billion from N707.9 billion in 2014 to N682.67 billion in 2015.
The report showed that while some states recorded a decline in revenue when compared to 2014, others were able to shore up their revenue base within the 2015 fiscal period.
The report also showed that 11 states were able to shore up their revenue within the period while 24 recorded a decline in revenue performance.
The 11 states that were able to shore up their revenue according to the report are Ogun state from N17.49 billion to N34.59 billion, Abia from N12.3 billion to N13.4 billion, Anambra from N10.4 billion to N14.79 billion.
Bauchi from N4.85 billion to N5.39 billion, Borno from N2.76 billion to N3.53 billion, Edo from N17 billion to N19.1 billion, Kogi N6.5 billion to N6.7 billion and Nasarawa from N4.08 billion to N4.28 billion.
The rest are Niger from N5.73 billion to N5.97 billion, Sokoto N5.6 billion to N6.2 billion and Taraba from N3.79 billion to N4.15 billion.