The National Bureau of Statistics released today the Internally Generated Revenue at State level for January to June 2016.
In the report, Lagos State recorded the highest Internally Generated Revenue (IGR) figure of N150.59bn in Half Year (H1) 2016, closely followed by Ogun State with N28.15bn while Nasarrawa State generated the lowest revenue for the period under reference at N1.05bn.
“It is encouraging to note from the figures that Internally Generated Revenues for Delta State increased from N34.75bn in 2011 to N44.89bn in 2016 but yet to rival the 2013 peak of N50.21bn. This trend appears to mirror the situation in an average State (see: NBS States H1 2016 IGR – Internally Generated Revenue – all States) In a low oil yield regime, this along with non-oil export must be stepped up” reacted Collins Nweke, Global Affairs Analysis for Television Continental in an early assessment of the performance
For this period, seven (7) states are yet to report their H1 2016 Internally Generated Revenue figures. These are Abia, Anambra, Bauchi, Ebonyi, Oyo, Rivers and Sokoto. A total of N317.79bn was generated by twenty-nine (29) states that have reported their H1 2016 Internally Generated Revenue figure and the revenue was generated across the following types – PAYE, Direct Assessment, Road Taxes, Revenue from Ministries, Departments & Agencies and other taxes.