Lagos emerge with highest Internally Generated Revenue in HY 2021- NBS

The National Bureau of Statistics published the Internally Generated Revenue (IGR) Report at State level for Half Year (H1) 2021. The Internally Generated Revenue Report is sub-headed under five categories: PAYE, Direct Assessment, Road Taxes, Other Taxes and revenue from Ministries, Departments and Agencies (MDAs).

The 36 States and FCT Internally Generated Revenue amounted to N849.123 billion in H1 2021.

In the first quarter of 2021, the internally generated revenue was N398.259 billion while in the second quarter it amounted to N450.864 billion. This indicates a positive growth of 13.21%.

Lagos state has the highest Internally Generated Revenue with N267.232 billion in H1 2021, followed by FCT with N69.072 billion and Rivers state with N57.325 billion. While Yobe state with N4.031 billion recorded the least.

Internally Generated Revenue by Zones in the first half of 2021 shows that the South-West zone recorded the highest revenue which amounted to N385.414 billion followed by the South-South zone with N156.171 billion, while the North-East zone recorded the least internally generated revenue with N42.915 billion.

Amongst the Internally Generated Revenue categories, PAYE contributed the highest which amounted to N488.107 billion, this was followed by revenue from MDAs which amounted to N173.556 billion. The least category was Road Tax with a contribution of N16.752 billion in the first half of 2021.

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