Lagos, Rivers, FCT pull nearly half of states N1.93trn IGR in 2022

Data from the National Bureau of Statistics (NBS) has shown that the total internally generated revenue (IGR), by the 36 states and the Federal Captial Territory (FCT) climbed to N1.93 trillion in 2022.

The IGR is 1.57 per cent higher than the N1.896 trillion generated by the states in 2021.

Findings also showed that the states have slowly maintained an improvement in IGR within the last four years.

In 2019, the 36 states and FCT pulled a total of N1.64 trillion as IGR while in 2020, there was a drop to N1.56 trillion due to the effect of the COVID-19 pandemic. By this data, the 36 states and FCT have generated a total of N7.02 trillion as IGR in four years.

According to the data bureau, in 2022, Lagos State, Rivers State and the FCT generated the highest revenue with N651.15 billion, N172.82 billion and N124.37 billion respectively. The ICIR reports that this is 49.25 per cent of the total IGR in 2022.

Meanwhile, the lowest three performing states during the year were Kebbi, Taraba and Yobe with values of N9.15 billion, N10.24 billion and N10.46 billion respectively. 

NBS also reported that the total revenue generated from taxes is N1.47 trillion while revenue from states’ Ministries, Departments and Agencies totalled N455.07 billion.






     

     

    Analysts hinged this gradual revenue appreciation to improved taxation and digitisation of Nigeria’s tax processes.

    “Yes, there is a gradual improvement in the revenue collection by states, it needs to reflect more in the improvement of livelihood of people in the states. We still have overarching poverty in states. There is also concern of overreliance from the federation allocation sharing as most states still struggle to pay salaries and meet up with other key projects,” a development economist, Celestine Okeke told The ICIR.

    Meanwhile, a recent ranking by BudgIT, a civic organisation, placed Rivers, Lagos and Eboyi states above the 36 states on fiscal performance in 2023.

    The ICIR also reported that 13 out of the 36 states in Nigeria implemented 80 per cent of their budgets for the 2022 fiscal year.

    List of TaxesAmount generated in 2022 (N)
    PAYE994,404,455,858.06
    Direct Assessment52,349,772,646.64
    Road taxes24,571,134,250.52
    Stamp duties27,125,210,397.53
    Capital gain tax3,521,439,973.77
    Withholding tax139,906,092,599.43
    Other taxes179,952,121,959.25
    LGA revenue48,710,221,775.27
    MDAs revenue455,072,177,190.29
    Total1,925,612,626,650.76
    Categories of IGR generated by states and the FCT in 2022

    Kehinde Ogunyale tells stories by using data to hold power into account. You can send him a mail at [email protected] or Twitter: Prof_KennyJames

    Harrison Edeh is a journalist with the International Centre for Investigative Reporting, always determined to drive advocacy for good governance through holding public officials and businesses accountable.

    Join the ICIR WhatsApp channel for in-depth reports on the economy, politics and governance, and investigative reports.

    Support the ICIR

    We invite you to support us to continue the work we do.

    Your support will strengthen journalism in Nigeria and help sustain our democracy.

    If you or someone you know has a lead, tip or personal experience about this report, our WhatsApp line is open and confidential for a conversation

    LEAVE A REPLY

    Please enter your comment!
    Please enter your name here


    Support the ICIR

    We need your support to produce excellent journalism at all times.

    - Advertisement

    Recent

    - Advertisement