The 36 states and FCT IGR hits N691.11bn in H1 2019

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The 36 states and FCT Internally Generated Revenue figure hits N691.11bn in H1 2019 compared to N596.91bn recorded in H2 2018. This indicates a positive growth of 15.78%.

A breakdown of the IGR collection shows that PAYE amounted to N432.213bn, Direct Assessment amounted to N25.805bn, Road Taxes amounted to N14.531bn while other Taxes amounted to N123.785bn giving a total tax collected of N596.333bn. Share of MDAs revenue of the total IGR is N94.776bn

The Internally Generated Revenue at State Level report for Q1-Q2 2019 which was Published by the National Bureau of Statistics shows that thirty-one (31) states and the FCT recorded growth in IGR while five (5) states recorded decline in IGR at the end of H1 2019.

Leading the States with growth in IGR is Zamfara at 171.34 percent growth. Kebbi, Osun, Sokoto and Ondo recorded a growth in IGR at 132.44 percent, 113.77 percent, 113.75 percent and 101.77 percent respectively.

The five States with negative growth in IGR in the H1 2019 are Ogun, Bayelsa, Anambra, Enugu and Gombe at -30.42 percent, -14.53 percent, -14.07 percent, -13.00 percent and -12.83 percent

The net FAAC allocation in H1 2019 is put at N1.20 trillion while the total revenue available to the states including the FCT is put at N1.89 trillion.

As contained in the report, Lagos State ranked highest by total available revenue with N263.253 billion followed by River State with N151.817 billion. Following third place is Delta State with N145.088 billion while Akwa Ibom State place fourth with available IGR of N106.773 billion and FCT stood at fifth place with N72.845 billion

States with lowest available IGR in the quarter under review are Osun State with N20.299 billion while IGR available to  Gombe is N21.792. Ahead of Gombe are Ekiti, Taraba and Ebonyi with N25.025 billion, N25.707 billion and N26.518 billion respectively

However, the value of foreign debt stands at $4.23bn while domestic debt hits N3.85 trillion at the end of the year 2018 respectively.

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