Lagos, 21 others improve on IGR in 2016 financial year, 13 others recorded decline
Fresh figures from the National Bureau of Statistics (NBS) has revealed that Internally Generated Revenue (IGR) indices for 35 states in the 2016 fiscal year have shown that 22 states lead by Lagos and Rivers States were able to shore up their revenue while 13 recorded a decline in revenue performance.
By performance, the report stated that Lagos State recorded the highest IGR of N302.45bn during the 2016 fiscal period as against N268.2bn the previous year.
NBS said “Lagos State recorded the highest Internally Generated Revenue figure of N302.42bn in 2016 and was closely followed by Rivers State with N85.29bn while Ebonyi State generated the lowest Internally Generated Revenue. The state generated N2.34bn.
“However, Anambra State is yet to report its full year 2016 IGR figure.
“A total of N801.95bn was generated by 35 states that have reported their full-year 2016 IGR figure.”
Major lump of the IGR according to NBS came from Pay-As-You-Earn, direct assessment, road taxes, revenue from ministries, departments and agencies and other taxes.
Overall analysis showed that the IGR increased by N119.28bn from N682.67bn in 2015 to N801.95bn, rising by 17 per cent within the period under review.
