Lagos State blazes the trail, leads other states with N753b IGR collection in 2021
Lagos State collected the highest Internally-Generated Revenue (IGR) of N753.46 billion in 2021 followed by the FCT which collected N131.92 billion.
Lagos State Governor, Babajide Sanwo-Olu.
Recommended articles
In 2019, Lagos State also took the lead when it collected N646.61 billion again, followed by Rivers that collected N169.6 billion.
The NBS stated in its Internally Generated Revenue at States Level (2019 – 2021) report that the 36 states of the federation combined collected N1.64 trillion as IGR in 2019.
It stated that 64.65 per cent of the revenue collected by the states was from taxes.
ADVERTISEMENT
The NBS added that the N1.64 trillion collected in 2019 declined by 4.65 per cent in 2020 when the states collected N1.56 trillion internally.
“The proportion of tax revenue in 2020 rose to 66.16 per cent, however,’’ it stated.
The NBS stated also that in 2021, the 36 states collected N1.9 trillion internally, representing a growth rate of 21.54 per cent over the 2020 revenue collections.
JOIN OUR PULSE COMMUNITY!
ADVERTISEMENT
Eyewitness? Submit your stories now via social or:
Email: eyewitness@pulse.ng
Recommended articles
Uganda's economy is already doing better in 2023 than it did in 2022 - see key figures
Foreign airlines set to reopen talks with FG over blocked funds
Construction of Tanzania’s Sh 61billion humanitarian court to be overseen by Chinese contractors
Unity Bank posts impressive performance in Q1
Nigerian energy transition plan to receive backing from Denmark
First Bank posts impressive earnings in Q1
Food prices continue to rise in April – NBS
Kenya secures $500 million commercial loan from global banks
AfCFTA's promising future: Boosting African trade amidst obstacles
ADVERTISEMENT
