530 views | Akanimo Sampson | April 19, 2021
The harsh economic reality of the COVID-19 pandemic is seriously affecting the revenue profile of the 36 states of the federation.
The 36 states, going by the data provided by States Internally Generated Revenue fell by the National Bureau of Statistics (NBS) is facing tough times with their internally generated revenue.
According to the national data agency states internally generated revenue nose-dived from N1.33 trillion by the end of last year to N20 billion, and from N1.33trillion as of the end of 2019.
NBS disclosed in its report on ‘Internally Generated Revenue at the state level for the fourth quarter and full-year 2020’.
The report says the Q4, 2020 IGR for states and FCT also fell to N335.25billion from N338.57billion recorded in Q3, 2020.
It showed that Lagos still led the IGR with a figure of N418.99billion.
Part of the report reads, “the 36 states and FCT IGR figure hit N1.31tn in 2020 compared to N1.33tn recorded in 2019.
“This indicates a negative growth of -1.93 per cent year on year.
“Similarly, the Q4, 2020 states and FCT IGR figure hit N335.25billion compared to N338.57billion recorded in Q3, 2020.
“This indicates a negative growth of -0.98 per cent quarter on quarter.
“Lagos state has the highest Internally Generated Revenue with N418.99billion recorded, followed by Rivers with N117.19billion, while Yobe State recorded the least Internally Generated Revenue.”
According to the NBS, in 2020, the FCT earned N92.05billion, Delta N59.73billion, Kaduna N50.77billion, Ogun N50.75billion, Oyo N38.04billion, Kano N31.82billion, Akwa Ibom N30.70billion, Anambra N28.01billion and Edo had N27.18billion.
Ondo had N24.85billion, Enugu had 23.65billion, Osun had N19.67billion, Kwara N19.6billion, Plateau N19.12billion, Zamfara N18.50billion, Kogi N17.36billion, Imo N17.08billion, Cross River N16.18billion, Abia N14.38billion, Kebbi N13.78billion and Ebonyi had N13.59billion.
Bauchi had N12.5billion, Nasarawa had N12.47billion, Bayelsa N12.18billion, Sokoto N11.80billion, Borno N11.58billion, Katsina N11.40billion, Niger N10.52billion, Benue N10.46billion, Ekiti N8.72billion and Jigawa had N8.67billion.
According to the NBS, Gombe had N8.54billion, Adamawa N8.33billion, Taraba had N8.11billion and Yobe had N7.78billion.
The Lagos State topped other states of the federation, including the Federal Capital Territory, in Internally Generated Revenue in 2020, realising a total of N418.99billion in the year.
It showed that in spite the challenges posed by the COVID-19 pandemic and the EndSARS mayhem, Lagos State increased its IGR by 5.08 per cent.
The state generated a total of N114billion in the first quarter of 2020; N90.51billion in second quarter, in N107.84billion in the third quarter, and N106.63billion in fourth quarter, making a total of N418.99billion.
The state’s 2020 IGR of N418.99billion increased by N20.26billion when compared with N398.73 billion generated in 2019.
The report indicated that Lagos State contributed a share of 32.08 per cent of the total IGR of N1.31 trillion realised by the states in the country in 2020.
”The 36 states and FCT IGR figure hits N1.31trn in 2020 compared to N1.33trillion recorded in 2019. This indicates a negative growth of -1.93 per cent year on year.
”Lagos State has the highest Internally Generated Revenue with N418.99billion recorded, closely followed by Rivers with N117.19billion while Yobe State recorded the least Internally Generated revenue,” the NBS report indicated.