FCT, 36 states collected N691.11bn as IGR in first half of 2019 – NBS

0
481

The National Bureau of Statistics ahs has in its latest report that 36 states and the Federal Capital Territory (FCT) garnered N691.11 billion as Internally Generated Revenue (IGR) in the first half of 2019.

In its ‘IGR at State Level for Quarter One and Quarter Two, 2019’ report published on its website, the bureau said Lagos State led the pack with N263.25 billion followed by Rivers with N151.8 billion, Delta N145 billion, Akwa Ibom N106.7 billion and FCT N72.8 billion during the period.

Bayelsa State, according to the report generated N71.6 billion, Kano, N58.5 billion; Kaduna, N54.7 billion; Ogun, N48 billion; Edo, N47.3 billion; Ondo, N47.2 billion; Oyo, N42.1 billion; Sokoto, N38.8 billion; Benue, N38.1 billion; Imo, N37.4 billion and Kwara N36.6 billion.

Others include Niger State, N36.1 billion; Enugu, N35.7 billion; Katsina, N35.4 billion; Cross River, N33.9 billion; Jigawa, N33.9 billion; Bauchi, N33.7 billion; Borno, N33.6 billion, Abia, N33.5 billion; Anambra, N32.2 billion and Kogi, N31.6 billion.

NBS also stated that Plateau State collected N30.7 billion; Kebbi, N30.3 billion; Adamawa, N28.2 billion; Yobe, N27.2 billion, Zamfara, N27.1 billion; Nasarawa, N26.6 billion; Ebonyi, N26.5 billion; Taraba, N25.7 billion; Ekiti, N25 billion; Gombe, N21.7 billion and Osun N20.2 billion.

NBS which has the boards of internal revenue of the 36 states as members explained that the figures were was derived from ministries, departments and agencies’ (MDAs) revenues, direct assessment, Pay As You Earn (PAYE), as well as roads and other taxes.

The bureau said figures excluded the monthly allocation received from the Federation Accounts Allocation Committee (FAAC).

Besides, it said the states’ IGR information was computed by the NBS; and the joint tax board from official records and the 36 state boards of internal revenue submitted it.

These submissions then validated and authenticated by the Joint Tax Board (JTB) chaired by the Federal Inland Revenue Service (FIRS).

The bureau reported that compared to N596.91 billion recorded in the second half of 2018, there was an increase of N94.2 billion; indicating a positive growth of 15.78 per cent.

It added that the 31 states and the FCT recorded growth in IGR while five states recorded a decline during the period.

More so, the bureau said the net Federation Accounts Allocation Committee (FAAC) allocation in the first half of the year was N1.20 trillion, while the total revenue available to the states including the FCT wass N1.89 trillion.

However, it said the value of foreign debts stood at 4.23 billion dollars, while domestic debt hit N3.85 trillion at the end of 2018.

LEAVE A REPLY

Please enter your comment!
Please enter your name here