You are here: HomeBusiness2023 11 22Article 713012

Business News of Wednesday, 22 November 2023

Source: www.legit.ng

'Full list' - Top Nigerian states with highest local government IGR, FCT, 7 states missing

Image used to illustrate story Image used to illustrate story

Twenty-nine of Nigeria’s 36 states and the Federal Capital Territory (FCT) raised revenue from their local governments in 2022.

Data from the National Bureau of Statistics (NBS) reveal that seven states still need to raise internally generated revenue from local governments in 2022.

States without local government revenue in 2022

The states without local government revenue are Kaduna, Zamfara, Benue, Plateau, Adamawa, and Katsina.

The 20 states cited by NBS generated a combined IGR of N48.7 billion in the period under review.

Oyo state led the pack with the highest local government revenue at N11.8 billion, followed by Lagos with N11.5 billion.

States with the lowest local government IGR

Jigawa, Rivers, and Edo states earned N8.7 billion, N2.5 billion, and N2.4 billion from their local governments.

The lowest local government revenue states include Akwa Ibom, with N55.2 million, and Ebonyi, with N58.9 million.

The NBS report reveals that Imo, Borno, and Kogi states generated low figures, with N65.6 million, N66.7 million, and N89.8 million, respectively.

Top states with the highest local government IGR

Oyo: N11.8bn

Lagos: N11.5bn

Jigawa: N8.7bn

Rivers: N2.5bn

Edo: N2.4bn

Delta: N1.9bn

Ogun: N1.3bn

Enugu: N1.1bn

Nassarawa: N843.6m

Kano: N820.8m

Niger: N816.2m

Kebbi: N735.9m

Cross River: N551.2m

Yobe: N507.2m

Taraba: N493.8m

Gombe: N386.2m

Ondo: N367m

Kwara: N311.1m

Abia: N297.9m

Ekiti: N281.5m

Bauchi: N237.1m

Bayelsa: N203.2m

Osun: N179.1m

Anambra: N154.4m

Kogi: N89.8m

Borno: N66.7m

Imo: N65.6m

Ebonyi: N58.9m

Akwa Ibom: N55.2m

States with the highest IGR in 2022

On a state-by-state basis, NBS said that the 36 states in Nigeria, including the FCT, generated a total of N1.93 trillion in Internally Generated Revenue (IGR) in 2022, Legit.ng reported.

The NBS data said that Lagos and Rivers states are the top performers in Nigeria with N651.15 billion and Rivers State with N172.89 trillion recorded in 2022.

The 36 states could only increase their IGR by 1.57% from the N1.89 trillion they generated in 2021. The top performing states are Lagos, with N651.15 billion, and Rivers, with N172.82 billion.

The least-performing states

Kebbi - N9.15bn

Taraba - N10.24bn

Yobe - N10.46bn

Ebonyi - N12.43bn

Katsina - N13.06bn

According to the NBS report, the 2022 IGR figures for the states show that revenues came primarily from taxes and Ministries, Departments, and Agencies’ revenue.