The National Bureau of Statistics (NBS) on Tuesday said States and the Federal Capital Territory, (FCT) generated a total of N579.490 billion, as against N453.833 billion posted in the corresponding period of last year,
The IGR, which showed a marginal growth of 27.7 percent year-on-year, was released by the agency which tracks the performance of Nigeria’s 36 states and the Federal Capital Territory in terms of Internally Generated Revenue (IGR) for half year 2018.
According to NBS, 28 states recorded growth in IGR while eight states, including Abia, Anambra, Benue, Taraba, Kebbi, Kwara, Ebonyi and Enugu, recorded a decline in 2018 half-year. In the first and second quarters of the year, the states generated N280.835 billion and N263.343 billion respectively.
The revenues generated by the states came mainly from Pay-As-You-Earn Tax (N352.509 billion), Direct Assessment (N26.293 billion), Road Taxes (N11.681 billion), Other Taxes (N84.033 billion) and revenues from Ministries, Departments and Agencies (N104.972 billion).
A breakdown of the report showed that Lagos, Rivers, Ogun, FCT and Delta were the best five performers during the period under review. Lagos State generated N196.395 billion, up by 16.88 percent from N168.025 billion in first half of 2017, to top the list. In second place is Rivers, with N60.906 billion, an increase of 36.13 percent, from the N44.742 billion recorded last year.
Ogun State improved by 6.70 percent to N42.519 billion from N39.849 billion in the comparable period of 2017. The FCT generated N35.311 billion during the period, while Delta State posted N29.797 billion, a growth of 17.80 percent from N25.103 billion in 2017.
In 2017, the states generated N931.23 billion, an increase of 12.03 per cent from 2016. In the second half of 2017, the total revenue generated by states was N432.65 billion, compared to N409.09 billion in first half of the year.