States’ Internally Generated Revenue Dipped by N25.18billion in 2015

The National Bureau of Statistics, NBS, on Thursday, April 14 stated that all the 36 states of the federation altogether raked in a total of N682.67 billion in Internally Generated Revenue, IGR, in 2015.

However the amount represented a drop of 3.69 per cent or N25.18 billion when compared with the N707.85 billion which they recorded 2014.

According to the states’ IGR update for 2015 which was released by the agency, Lagos State was the top revenue earner with N268.22 billion, although this was N2.96 per cent lower than the N276.16 billion realised the previous year.

Rivers State was the second highest on IGR with N82.10 billion in 2015, representing a drop of 8.54 per cent compared to the N89.11 billion it posted the previous year.
The figures further showed Imo State IGR fell by as much as 48.30 per cent to N5.47 billion from N8.11 billion in 2014.

But Ogun State’s IGR improved dramatically by 49.42 per cent to N34.59 billion from N17.49 billion the previous year.

In Osun State, IGR plunged 5.45 per cent to N8.07 billion from N8.51 billion while Abia State had its revenue improved by 7.33 per cent to N13.39 billion from N12.37 billion.

Furthermore, Kaduna State IGR in the period under review fell 10.80 per cent to N11.53 billion from N12.78 billion while that of Edo also increased by 10.95 per cent to N19.11 billion from N17.02 billion.

In Delta, the IGR slid 4.93 per cent to N40.80 billion compared to N42.81 billion in 2014 while that of Akwa Ibom also declined by 5.99 per cent to N14.79 billion from 15.67 billion the previous year.

Kano State IGR declined minimally by 0.37 per cent as it stood at N13.61 billion from N13.66 billion in 2014 while Yobe saw its internal receipts drop by 36.53 per cent to N2.25 billion from N3.07 billion the previous year.

However, Bornu State’s IGR soared 21.80 per cent to N3.53 billion from N2.76 billion while Bauchi’s IGR further appreciated by 10.02 percent to N5.39 billion from N4.85 billion.