Lagos, Rivers, Delta Contribute 54.7% To Half-Year Revenue

Three out of the 36 states of the country which include, Lagos, Rivers and Delta and the Federal Capital Territory (FCT) generated 54.7 per cent of the N612.9 billion states raised as internally generated revenues (IGRs) in the first half of the year.

According to a report released by the National Bureau of Statistics (NBS), Lagos alone generated 33.37 per cent (amounting to N204.5 billion) of the amount to maintain its lead on the list.

The figure accounted for 80.34 per cent of the total revenue available for the state in the two quarters. With the performance, Lagos stands out as the only state whose IGR in the period exceeded 60 per cent of its total accruable revenue.

On the average, IGRs share of total state revenues was 35.34 per cent while Federal Account Allocation Committee (FAAC) allocation cleared the 64.66 per cent (1.12 trillion) balance, reinforcing the historical dependence of states on the centre for survival.

Rivers came a distant second to Lagos with a 10.54 per cent (N64.6 billion) share of the total revenue mobilised. FCT generated N35.2 billion (translating to 5.74 per cent) while Delta took the fourth position, having realised N30.8 billion or 5.03 per cent of the total figure.

On the flip side, Jigawa State generated N3 billion within the period to lead states with weakest revenue capacity. Yobe, Niger and Taraba states are in the laggard category with IGRs of N3.9 billion, N4 billion and N4.1 billion respectively.

Lagos, FCT and Ogun IGR percentage share of the total revenue exceeded 50 per cent. The shares of IGRs of Bayelsa, Jigawa and Niger in half year’s total revenues were 7.52 per cent, 10.06 per cent and 13.37 per cent respectively.

According to the report, pay as your earn (PAYE), direct assessment, road taxes, other taxes and ministry/departments/agency revenues are the components of states’ IGRs.

A total of N418.2 billion, which translates to 68 per cent of the amount raised, was realised from PAYE. Road and other taxes contributed N94.2 billion (15.4 per cent) while incomes from MDAs totalled N84.1 billion or 13.7 per cent.