The National Bureau of Statistics (NBS) on Thursday released the Internally Generated Revenue ( IGR) figures for 35 states for the 2016 fiscal period with the total IGR rising by 17 per cent.
Specifically, the IGR increased by N119.28bn from N682.67bn in 2015 to N801.95bn
The bureau in the report stated that Anambra State had yet to report its IGR in full for the year under review.
It said while some states recorded a decline in revenue, others were able to shore up their revenue base during the period.
An analysis of the report showed that 22 states were able to shore up their revenue while 13 recorded a decline in revenue performance.
In terms of performance, the report stated that Lagos State recorded the highest IGR of N302.45bn during the 2016 fiscal period as against N268.2bn the previous year.
It read in part, “Lagos State recorded the highest Internally Generated Revenue figure of N302.42bn in 2016 and was closely followed by Rivers State with N85.29bn while Ebonyi State generated the lowest Internally Generated Revenue. The state generated N2.34bn.
“However, Anambra State is yet to report its full year 2016 IGR figure.
“A total of N801.95bn was generated by 35 states that have reported their full-year 2016 IGR figure.”
The report said the revenue was generated from Pay-As-You-Earn, direct assessment, road taxes, revenue from ministries, departments and agencies and other taxes.
Copyright Ships & Ports Ltd. Permission to use quotations from this article is granted subject to appropriate credit given to www.shipsandports.com.ng as the source.