States Generate N1․23tn IGR, Record 11% Growth
Gboyega Akinsanmi
Compared with the composite contributions of other states nationwide to the total IGR, FAAC’s report indicated that Lagos State generated N396.128 trillion. By implication, the state’s share alone accounted for about 32.25 percent of the total IGR in 2019, a classification the country’s most populous state has been maintaining since independence.
Coming behind Lagos State at a difference of about 64 percent, FAAC’s report revealed that Rivers, the country’s third largest oil producing sate, generated N142.701 billion in 2019, recording a revenue growth of about 20.96 percent above its N112.780 billion earnings in the 2018 financial year. As indicated in FAAC’s report, other states that emerged in the first ten ranking respectively comprise Delta with the IGR share of about N66.01 billion; Kaduna N37.53 billion; Akwa Ibom N35.49 billion; Kano N34.02 billion; Ondo N32.72 billion; Kwara N32 billion and Edo N29.67 billion.
However, Gombe, one of the Northeast states affected by the Boko Haram insurgency, reported about 23.01 percent contraction below its internal revenue performance in the 2018 fiscal year. But the Northeast, as a geo-political zone, recorded a composite revenue growth of above 16.93 percent above its 2018 share of actual IGR totalled N40114 billion.
Similar to the cases of Ekiti and Kebbi States, Benue equally recorded 77.51 percent revenue progression over its IGR share in 2018; Kogi 48.02 percent; Niger 43.99 percent; Kwara 38.85 percent; Nasarawa 38.18 percent and 33.93 percent. All together, FAAC’s report revealed, the North-central states generated N111.22 billion.Of the six geo-political zones nationwide, Southwest ranked topmost with the IGR share of N555.961 billion, which accounted for 45.26 percent. With its share of N311.
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