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Lagos generates N1.08tn IGR in five years

By on October 27, 2015

The Lagos State Government recorded a total of N1.08 trillion in internally generated revenue (IGR) between 2010 and 2014, according to the National Bureau of Statistics (NBS).

The state also recorded the highest IGR of N276.16 billion in 2014 alone, according to data posted on the NBS website at the weekend.

Rivers State occupied the second position with an IGR of N89.11 billion in 2014 and a cumulative total of N345.64 billion within the five-year period.

Delta State with N42.81 billion in 2014, also collected a total of N199.43 billion in IGR between 2010 and 2014.

Meanwhile, 13 states also had their complete 2014 IGR figures accommodated in an update by the NBS. They were previously left out of the IGR index because data on their collection was incomplete.

They included Abia, Adamawa and Borno States, which respectively recorded N12.73 billion, N4.99 billion and N2.76 billion as IGR in 2014.

Others were Cross River, Ebonyi and Edo, which generated N15.73 billion, N11.03 billion and N17.02 billion respectively, while Gombe, Jigawa, Kano, Kwara, Ondo, Taraba and Yobe recorded N5.19 billion, N6.27 billion, N13.66 billion, N12.46 billion, N11.71 billion, N3.79 billion and N3.07 billion respectively for 2014 alone.

According to the NBS, N401.43 billion was recorded by all the states in 2010 as IGR; N487.45 billion in 2011; N584.39 billion  in 2012; N662.04 billion in 2013 and N707.85 billion in 2014, generating a total of N2.84 quadrillion within the five-year review period.