2020 First Half: Lagos State Records Highest IGR Of N204.5bn

Meanwhile, the IGR figure of the 36 states and Federal Capital Territory (FCT) was N612.87bn in the period under review compared to N693.91bn recorded in 2019.

Governor Babajide Sanwo-Olu of Lagos State / Photo credit: thisdaylive.com
Governor Babajide Sanwo-Olu of Lagos State / Photo credit: thisdaylive.com

The National Bureau of Statistics (NBS) says Lagos State recorded the highest Internally Generated Revenue (IGR) of N204.51bn in the first half of 2020.

The NBS disclosed this in its Internally Generated Revenue at State Level (H1 2020) report made available on its website on Tuesday.

It said the second state with the next highest IGR was Rivers with N64.59bn, while Jigawa recorded the least IGR with N3bn.

Meanwhile, the IGR figure of the 36 states and Federal Capital Territory (FCT) was N612.87bn in the period under review compared to N693.91bn recorded in 2019.

READ ALSO: Lagos Had N90bn Surplus In 2019 – State Government

The figures indicated a negative growth of -11.7 per cent year on year.

Similarly, the IGR figures of states and the FCT in the second quarter of 2020 was put at N259.73bn compared to N353.14bn recorded in the first quarter of 2020.

The figures also represented a negative growth of -26.5 per cent quarter on quarter.

READ ALSO: Yahaya Bello To Spend N400m On Government House Sanitation

The NBS said that it computed states IGR data in collaboration with the Joint Tax Board from official records and submissions by the 36 State Boards of Internal Revenue.

“These submissions are then validated and authenticated by the Joint Tax Board which is chaired by the Federal Inland Revenue Service and has the NBS and the 36 State Boards of Internal Revenue as members.”

Written by The Interview Editors

The Interview is a niche publication, targeting leaders and aspiring leaders in business, politics, entertainment, sports, arts, the professions and others within society’s upper middle class and high-end segment in Nigeria.

The Executive Vice Chairman (EVC) of NCC, Prof. Umar Garba Danbatta said the listing of MTN had boosted market capitalisation and is yielding dividends to shareholders / Photo credit: .techgistafrica.com

MTN Shareholders Gain N1trn After NSE Listing – NCC

Senator Rose Oko was the first female representative from her Senatorial District in June 2015 and re-elected in 2019 / Photo credit: Punchng

Senate Will fulfill Late Senator Oko’s Education Plans On Education – Lawan