According to the report, it indicates a negative growth of -1.93 per cent year on year.
It added that the Q4 2020 states and FCT IGR figure was N335.25 billion compared to N338.57 billion recorded in Q3 2020. This indicates a negative growth of -0.98 per cent quarter on quarter.
The NBS said that Lagos state recorded the highest IGR of N418.99 billion, closely followed by Rivers with N117.19 billion and the FCT with N92.05 billion.
Delta state recorded N59.732 billion, Kaduna N50.768 billion, Ogun N50.749 billion, Oyo N38.042 billion, Kano N31.819 billion, Akwa Ibom N30.696 billion, Anambra N28.009 billion, Edo N27.184 billion, Ondo N24.848 billion and Enugu N23.650 billion.
By Folasade Akpan
Abuja, April 16, 2021 The 36 states and the Federal Capital Territory (FCT) generated N1.31 trillion as Internally Generated Revenue (IGR) in 2020 compared to N1.33 trillion recorded in 2019, the National Bureau of Statistics (NBS) says.
NBS made this known on Friday in Abuja in its “Internally Generated Revenue At State Level” for Fourth Quarter and Full Year 2020 published on its website.
According to the report, it indicates a negative growth of -1.93 per cent year on year.
It added that the Q4 2020 states and FCT IGR figure was N335.25 billion compared to N338.57 billion recorded in Q3 2020. This indicates a negative growth of -0.98 per cent quarter on quarter.
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States, FCT generate N1.31trn as IGR in 2020 ― NBS
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The 36 states and the Federal Capital Territory (FCT) generated N1.31 trillion as Internally Generated Revenue (IGR) in 2020 compared to N1.33 trillion recorded in 2019, the National Bureau of Statistics (NBS) says.
NBS made this known on Friday in Abuja in its “Internally Generated Revenue At State Level” for Fourth Quarter and Full Year 2020 published on its website.
According to the report, it indicates a negative growth of -1.93 per cent year on year.
It added that the Q4 2020 states and FCT IGR figure was N335.25 billion compared to N338.57 billion recorded in Q3 2020. This indicates a negative growth of -0.98 per cent quarter on quarter.
By Peter Ibrahim |
Typically, majority of Nigerians evade tax and most of those that even perform this civic responsibility do so grudgingly. According to the Joint Tax Board (JTB), only 14 million citizens paid taxes in 2017 out of 70 million economically active persons in the country. This ranks the country as having the lowest tax to GDP ratio in the world. Specifically, it ranks 6%, in contrast to India, Ghana and South African which had 16%, 15.9%, and 27% respectively during the period under review.
However, the Governor Nasir El-Rufai APC administration is changing this mindset in Kaduna state. The administration has created a new tax law that consolidated all existing taxes in the state, created the Kaduna State Internal Revenue Service (KADIRS) as the only revenue collecting agency and ended the regime of cash payments. The new tax law brought many small businesses into the tax net. In spite of this, defaults still abound as not many are keen on paying taxes, believing f
Kaduna to stop relying on federal allocation - Gov El-Rufai dailypost.ng - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailypost.ng Daily Mail and Mail on Sunday newspapers.