Nigerians across 36 states of the federation paid N1.23tn in taxes in 2021, a 19.19 per cent increase from the N1.03tn paid in 2020.
In its ‘State of States ’ report, BudgiT, a data firm, said, “Having been inundated with fiscal shocks from the Covid-19 pandemic in 2020 which plummeted government revenues, the 36 states of the federation commenced a rebound as the cumulative revenues of the states grew by 9.19 per cent from the N4.69tn earned in 2020 to N5.12tn in 2021.
“However, the bulk of the states still rely heavily on federally distributed revenues to implement their budgets. While at least 50 per cent of the total revenue of 33 states were federal transfers, 13 states relied on federal transfers for at least 70 per cent of their total revenues. In an earlier interview, a professor of Economics and Public Policy at the University of Uyo, Akpan Ekpo, had said states must focus on employment-creating investments in order to increase their tax revenues.
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