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Lagos IGR ‘outstrips’ 31 states put together

Lagos IGR ‘outstrips’ 31 states put together
October 26
13:14 2015
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The internally generated revenue (IGR) in Lagos state is more than that of 31 other states put together, according to data from the Nigerian Bureau of Statistics (NBS).

Lagos internally generated N276.16b in 2014, ahead of Rivers and Delta which generated N89.11b and N42.82b respectively.

On the low end were Borno, Yobe, Zamfara, Ekiti and Kebbi, generating N2.8b, N3.1b, N3.2b, N3.5b and N3.7b respectively.

TheCable confirmed from the report that the Lagos state IGR was more than the combined internal income of 31 states.

The states are Cross River, Ogun, Abia, Oyo, Akwa Ibom, Kaduna, Kano, Ondo, Kwara, Benue, Anambra, Bayelsa, Ebonyi, Imo, Plateau, Osun, Jigawa, Katsina, Sokoto, Adamawa, Bauchi, Kebbi, Niger, Kogi, Gombe, Nasarawa, Yobe, Taraba, Ekiti, Zamfara and Borno.

The 31 states internally generated a total of N263.8b while Lagos earned N276.2b for the same period.

None of the 25 states above generated up to N15b in the year under review, with more than 75 percent generating under N10b per annum.

StateIGR

 

Photo credit: NBS

The revenue generation in the Nigerian states, however experienced a steady growth from 2010 to 2014, starting out at N401.4 billion in 2010 to N487.5 billion in 2011.

The figures grew to N584.4 billion in 2012, N662.1 billion in 2013, closing at N707.9 billion in 2014.

The Lagos state government generated a total of N1.08 trillion in IGR between 2010 and 2014, while Borno state generated N11.3b within the same time.

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Exchange Rates

February 15, 2019USDGBPEUR
INTERBANK306397354
LAGOS362475413
KANO361474413
PH361475412
ABUJA362476413
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
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