2020 was a year that tested revenue resolves across the states of the federation in different dimensions. It was only normal to envisage that by many parameters, a major fiscal change will ensue in the aftermath of the Covid-19 pandemic either positively or otherwise.

In a positive light, it was only a matter of time to tell if the measures put in place by the government at the centre and state levels regarding policy-making in form of tax incentive will eradicate the downsides of the global crisis while on the flip side, stalling economic activities in form of lockdown was sure to bite back harder.

It is in this light that the Internally Generated Revenue by state governments across the country which is to serve as a sustainable alternative to allocation from the central coffers has recorded a drastic fall of ₦20 billion totaling a sum of ₦1.31trillion. This figure is away from the ₦1.33 trillion generated in 2019.

If this data by the National Bureau of Statistics, NBS is anything to go by, IGR generated for states has recorded a consistent decline as during the fourth quarter (Q4) of the year, IGR dropped to ₦335.25billion from ₦338.57billion generated in the third quarter (Q3).

The end of the 2020 year report by NBS indicates a negative growth of -1.93 percent year on year and by quarterly analysis, indicates a negative growth of -0.98 percent quarter on quarter.

As major highlights, Lagos state has the highest Internally Generated Revenue with ₦418.99bn recorded, followed by Rivers with  ₦117.19bn, while Yobe State recorded the least Internally Generated Revenue.

Lagos continues to take the lead with robust IGR channels resilient against major revenue-generating challenges like the Covid-19 pandemic outbreak in 2020

On the contrary,

Lagos state continues to prove its viability as its once again topped other states despite been the hardest hit of the pandemic alongside the #EndSARS protests that erupted in the nation. The nation’s economic nerve realized a total of ₦418.99billion in the year under review.

This figure translates to a cumulative increase of 5.08 percent increment in revenue in a year where many states experienced a downturn.  This figure also means that the state’s 2020 IGR of  ₦418.99bn increased by  ₦20.26bn when compared with  ₦398.73 generated in 2019.

It is also pertinent to state that of all the  ₦1.31 trillion worth of IGR generated by states of the federation in 2020, Lagos State alone contributed a share of 32.08 percent.

Lagos quarterly breakdown

To the report, Lagos generated a total of  ₦114bn in the first quarter of 2020; ₦90.51bn in the second quarter, in  ₦107.84bn in the third quarter, and  ₦106.63bn in the fourth quarter, making a total of  ₦418.99bn.

Breakdown

According to data gathered from NBS by Taxmobile.Online,  in 2020, the FCT earned  ₦92.05bn, Delta  ₦59.73bn, Kaduna  ₦50.77bn, Ogun  ₦50.75bn, Oyo N38.04bn, Kano  ₦31.82bn, Akwa Ibom  ₦30.70bn, Anambra  ₦28.01bn, and Edo had  ₦27.18bn.

Ondo had  ₦24.85bn, Enugu had 23.65bn, Osun had  ₦19.67bn, Kwara  ₦19.6bn, Plateau N19.12bn, Zamfara N18.50bn, Kogi  ₦17.36bn, Imo N17.08bn, Cross River  ₦16.18bn, Abia  ₦14.38bn, Kebbi  ₦13.78bn and Ebonyi had  ₦13.59bn.

Bauchi had  ₦12.5bn, Nasarawa had  ₦12.47bn, Bayelsa  ₦12.18bn, Sokoto  ₦11.80bn, Borno  ₦11.58bn, Katsina  ₦11.40bn, Niger  ₦10.52bn, Benue  ₦10.46bn, Ekiti  ₦8.72bn and Jigawa had  ₦8.67bn.

Furthermore, Gombe had  ₦8.54bn, Adamawa  ₦8.33bn, Taraba had  ₦8.11bn and Yobe had  ₦7.78bn.

Excerpts from the report

“The 36 states and FCT IGR figure hit N1.31tn in 2020 compared to  ₦1.33tn recorded in 2019.

“This indicates a negative growth of -1.93 percent year on year.

“Similarly, the Q4, 2020 states and FCT IGR figure hit  ₦335.25bn compared to  ₦338.57bn recorded in Q3, 2020.

“This indicates a negative growth of -0.98 percent quarter on quarter.

“Lagos State has the highest Internally Generated Revenue with  ₦418.99bn recorded, followed by Rivers with  ₦117.19bn, while Yobe State recorded the least Internally Generated Revenue.”

”The 36 states and FCT IGR figure hits  ₦1.31trn in 2020 compared to  ₦1.33trn recorded in 2019. This indicates a negative growth of -1.93 percent year on year.

”Lagos State has the highest Internally Generated Revenue with  ₦418.99bn recorded, closely followed by Rivers with  ₦117.19bn while Yobe State recorded the least Internally Generated revenue,”.

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