The state IGR report released by the National Bureau of Statistics revealed that the 36 states and Federal Capital Territory generated a sum of N1.31 trillion as Internally generated revenue in 2020.
The report stated that states’ IGR declined by 1.93 percent from N1.33 trillion, recorded in 2019 to N1.31 trillion in 2020. It however increased by 11.7% compared to N1.69 trillion recorded in 2018.
This decline may be due to the effect of the Covid-19 Pandemic which suspended economic activities for months before a gradual reopening. State governments were forced to go on lockdown to contain the widespread virus.
States generated N1.09 trillion from taxes in the year 2020, accounting for 83.3percent of the total IGR received in the year. Tax revenue also declined, when compared to N1.11 trillion collected in the previous year. This represents a 2.25 percent decline year-on-year.
Lagos State recorded the highest Internally Generated Revenue of N418.99 billion, accounting for 32.1% of the total and closely followed by Rivers State with N117.19 billion.
Others with the highest IGR in 2020 include Abuja (N92.06 billion), Delta (N59.73 billion), and Kaduna (N50.75 billion). Kebbi State recorded the highest year-on-year growth of 87.02%, closely followed by Ebonyi at 87.3%. Oyo State grew its IGR by 42.23%, Borno (41.63%), while Katsina grew by 34.16%.
However, Benue State recorded the highest year-on-year decline of 41.38%, followed by Sokoto State, which dipped by 37.93%, Kwara (36.03%), Jigawa (32.95%), and Ogun State (N28.44%).