Lagos, Rivers account for 40% of internally generated revenues in Nigeria
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Posted On May 22, 2020
Lagos and Rivers states together account for just above forty per cent of the aggregate internally generated revenues in Nigeria according data from the office of statistics.
The two states recorded a total of N539.13bn of the total of N1.344trn internal revenues generated all the thirty six states and the FCT last year.
The two giants in IGR are joined in the chart for the top five by the FCT, Ogun and Delta and together the five account for 56.16% of Nigeria’s total internally generated revenues, IGR or N759.294bn in 2019.
A further analysis shows that the top 12 states in IGR (Lagos, Rivers, FCT, Ogun, Delta, Kaduna, Kano, Akwa Ibom, Enugu, Kwara, Ondo and Edo in that order) hold among themselves a staggering 73 per cent of the total IGR by Nigeria’s states.
Nigeria’s thirty six states and the federal capital territory recorded a total of one trillion, three hundred and thirty four billion Naira in internally generated revenue in the whole of 2019 according to data by the statistics office.
The amount represents a 21 per cent improvement over the previous year and unsurprising, Lagos state maintains its stranglehold on the top position with near N400bn or a staggering 30 per cent of the total internal revenue generated among the states in 2019.
