Revenue Generation By States In Nigeria

Also located in the south west region just like lagos this state is also on the list of highest revenue generating states in the country with an estimated figure of n34 596 446 519 52 by the nbs.

Revenue generation by states in nigeria. According to the bureau s report the top 10 states in nigeria generated 72 of the total tax revenue basically the states include lagos rivers fct delta akwa ibom kaduna ondo. Lagos records one third of n613bn igr for fct 36 states lagos begins work on new economic growth phase. This indicates a growth of 27 7 year on year. Twenty eight 28 states recorded growth in igr while eight 8 states which includes abia anambra benue taraba kebbi kwara.

Government revenues in nigeria decreased to 864 88 ngn billion in the first quarter of 2020 from 1418 87 ngn billion in the fourth quarter of 2019. The latest internally generated revenue igr report released by the national bureau of statistics showed that ten 10 states in nigeria received a total sum of n430 07 billion from tax revenue in half of 2019. The document available on the bureau s website details the earnings collected by state governments in 2018. Besides stoking the old debate about which regions produce the most wealth the nbs s.

The revenue generated by lagos alone stands at an impressive n268 224 782 435 23. Government revenues in nigeria averaged 873 38 ngn billion from 2010 until 2020 reaching an all time high of 1418 87 ngn billion in the fourth quarter of 2019 and a record low of 498 54 ngn billion in the second quarter of 2015. The scope of the study was limited to tax revenue generated by the federal government of nigeria and tax revenue generated by some selected states in nigeria from 2002 2011. Ogun state is the most industrious state in the country with the highest number of factories in nigeria.

Analysis of internally generated revenue and its implications on fiscal viability of state governments in nigeria. The board has the nbs and the 36 state boards of internal revenue as members. The national bureau of statistics publishes internally generated revenue at state level for half year 2018. The impact of tax administration on revenue generation in gombe state nigeria november 2018 scholedge international journal of management development issn 2394 3378 5 8 86.

Nigeria s official custodian of public data the national bureau of statistics nbs recently published its annual report on the revenues generated by the country s states. The half year 2018 states and fct igr figure hits n579 49bn compared to n453 83bn recorded in half year 2017.