By Milcah Tanimu
The National Bureau of Statistics (NBS) has revealed that Lagos, Rivers, and the Federal Capital Territory (FCT) topped the list in terms of Internally Generated Revenue (IGR) for the year 2022, generating N651.15 billion, N172.89 billion, and N124.4 billion, respectively.
The NBS report indicates that a total of N1.93 trillion was generated from IGR across all 36 states in Nigeria, including the Federal Capital Territory, in 2022.
The states with the lowest IGR figures were Kebbi (N9.1 billion), Taraba (N10.2 billion), and Yobe (N10.5 billion).
The NBS report also highlighted various revenue sources, including Pay As You Earn (PAYE), direct assessment, road taxes, stamp duties, capital gain tax, withholding taxes, other taxes, and Local Government Areas’ (LGAs) revenue.
The report outlined the following key findings:
– In 2022, the IGR primarily came from two major revenue sources: Taxes and revenue from Ministries, Departments, and Agencies (MDAs).
– Taxes, a sub-category, encompassed various components such as PAYE, direct assessment, road taxes, stamp duties, capital gain tax, withholding taxes, other taxes, and LGAs revenue.
– The combined IGR for all 36 states and the FCT in 2022 amounted to N1.92 trillion, reflecting a 1.57 percent increase compared to the N1.89 trillion generated in 2021.
– Lagos, Rivers, and the FCT were the top performers in terms of total IGR in 2022, with N651.14 billion, N172.82 billion, and N124.36 billion, respectively.
– Conversely, the three states with the lowest IGR during the year were Kebbi, Taraba, and Yobe, generating N9.14 billion, N10.23 billion, and N10.45 billion, respectively.
This data highlights the fiscal performance and revenue generation across Nigerian states, demonstrating notable variations in IGR.
