36 states, FCT recorded N1.9trn IGR in 2021 — up by 22%

The National Bureau of Statistics (NBS) says the 36 states of the federation and the federal capital territory (FCT) recorded N1.89 trillion in internally generated revenue (IGR) in 2021.

The statistical office said this in it’s latest IGR report.

According to the report, the 36 states and the FCT raked N1.56 trillion IGR in 2020.

The 2021 figure (N1.89 trillion) indicates a positive growth of 22 percent year-on-year, as states bounced out of the coronavirus pandemic.

Analysis by TheCable Index shows that Lagos state had the highest IGR with N753.3 billion, representing 40 percent of the total IGR in 2021.

Lagos is followed by FCT with N131.9 billion; Rivers with N123.3 billion; Ogun with N100.7 billion; and Delta with N80.2 billion.

Yobe state, on the other hand, generated the least IGR (N8.5 billion) in 2021, followed by Taraba with N9.6 billion, Gombe with N10.6 billion and Katsina with N12 billion.

IGR by zones in 2021 showed that the south-west zone recorded the highest revenue, totalling N972.6 billion; followed by the south-south zone with N313.6 billion, while the north-east zone recorded the least internally generated revenue with N78.3 billion.

Further analysis of the report showed that Lagos state generated 77 percent of the entire IGR of the south-west.

The state also recorded an IGR of N753.3 billion, more than the figure generated by the entire northern states (N505.9 billion), and more than south-south and south-east (N417.3 billion) combined.

Although Lagos is top in terms of the amount of IGR generated in 2021, other states also posted impressive growth between 2020 and 2021.

TheCable Index found out that Sokoto recorded the biggest growth in 2021 with N23.8 billion revenue up from N11.8 billion in 2020.

By implication, the state recorded a 101 percent increase in its total IGR between 2020 and 2021.

Also, Ogun and Imo states ranked second and third, respectively, with the biggest growth rate in IGR.

Specifically, the IGR of Ogun stood at N50.6 billion in 2020, and up by 99 percent to N100.7 billion in 2021.

Imo state’s IGR, on the other hand, grew from N7.7 billion in 2020 to N12.8 billion in 2021 — implying an increase by 66 percent.