The newly released report by Nigeria’s National Bureau of Statistics reveals that Lagos State posted N398.73bn as Internally Generated Revenue for year 2019 with Rivers State in a distant second of N140.40bn.
Lagos was Nigeria’s political capital before military president, Gen. Ibrahim Babangida (now retired), moved it to Abuja on December 12, 1991.
The 36 states, including the Federal Capital Territory, generated N1.334tn in the year under review with N302bn for Q1, N391bn for Q2, N294bn for Q3 and N346bn for Q4.
The data, which showed the Centre of Excellence polled a revenue share of 29.88 per cent, confirmed the state as Nigeria’s commercial nerve and economic capital with an IGR that would be split between other 26 states.
The NBS data showed 26 states, including Imo, which recorded N16.09bn, Nasarawa N10.85bn, Taraba with the least IGR of N6.53bn, Gombe N6.80bn, Kebbi N7.37bn, Ekiti N8.55bn, Katsina N8.50bn, Yobe N8.44bn, Borno N8.18bn, Ebonyi N7.46bn, Adamawa N9.70bn and Bauchi with N11.70 combined generated N375.2bn.
Other states in that category include Niger N12.76bn, Jigawa N12.92bn, Bayelsa N16.34bn, Kogi N16.38bn, Abia N14.76bn, Zamfara N15.41bn, Benue N17.82bn, Osun N17.92bn, Plateau N16.48bn, Cross River N22.59bn, Sokoto N19.01, Oyo N26.74bn, Edo N29.47bn and Anambra N26.36bn.
The make up of the IGR include Pay As You Earn with the highest poll of N809.32bn, other taxes raked in N225.41bn, Direct Assessment N47.67bn and road taxes posting N30.27bn to bringing total taxes to N1.112trn. Ministries, Departments and Agencies completed the revenue showing with a contributio n of NN222.55bn.
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