The 36 states of the federation and Federal Capital Territory recorded a combined Internationally Generated Revenue in the first half of 2021, figures obtained from the National Bureau of Statistics revealed on Monday.
The NBS Internally Generated Revenue Report at state level for the half year 2021 showed that Lagos State topped the chart as it recorded N267.23bn IGR, while Yobe had the least of N4.03bn.
The NBS report read in part, “The 36 States and Federal Capital Territory’s Internally Generated Revenue amounted to N849.12bn in H1 2021.
“In the first quarter of 2021, the Internally Generated Revenue was N398.26bn while in the second quarter it amounted to N450.86bn. This indicates a positive growth of 13.21 per cent. Lagos state has the highest Internally Generated Revenue with N267.23bn in H1 2021, followed by the Federal Capital Territory with N69.07bn and Rivers State with N57.32bn, while Yobe State with N4.03bn recorded the least.”
The IGR report was categorised under five categories, namely Pay As You Earn, direct assessment, road taxes, other taxes and revenue from Ministries, Departments and Agencies.
The report showed that the South-West geopolitical zone recorded the highest revenue which amounted to 385.41bn, followed by the South-South zone with N156.17bn, while the North-East zone recorded the least IGR revenue with N42.92bn.
Among the IGR categories, PAYE contributed the highest which amounted to N488.12bn; this was followed by revenue from the MDAs which amounted to N173.56bn.
The least category was road tax with a contribution of N16.75bnn in the first half of 2021.