The National Bureau of Statistics (NBS) has revealed that, for the half-year of 2021, the Internally Generated Revenue (IGR) generated by the 36 states and the Federal Capital Territory had Lagos State topping the chart as it recorded N267.23bn IGR, while Yobe had the least, N4.03nbn.
The data was revealed by the NBS on Monday, November 8.
The report read in part, “The 36 states and Federal Capital Territory’s Internally Generated Revenue amounted to N849.12bn in H1 2021.
“In the first quarter of 2021, the Internally Generated Revenue was N398.26bn while in the second quarter, it amounted to N450.86bn. This indicates a positive growth of 13.21 per cent. Lagos state has the highest Internally Generated Revenue with N267.23bn in H1 2021, followed by the Federal Capital Territory with N69.07bn and Rivers state with N57.32bn, while Yobe state with N4.03bn recorded the least.”
The IGR report was categorized under five areas, namely, Pay As You Earn (PAYE), direct assessment, road taxes, other taxes and revenue from Ministries, Departments and Agencies (MDAs).
The report also showed that the South-West geopolitical zone recorded the highest revenue which amounted to 385.41bn, followed by the South-South zone with N156.17bn, while the North-East zone recorded the least IGR with N42.92bn.
From the IGR categories, PAYE contributed the highest which amounted to N488.12bn, followed by the revenue from the MDAs which amounted to N173.56bn and the road tax with a revenue of N16.75bn which was the least category in the H1 of 2021.