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NBS Data Reveals Lagos Makes More Money than 26 States Combined

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Lagos State has continued to assert its position as the country’s economic capital, generating a total sum of N398.73 billion in Internally Generated Revenue (IGR) in 2019.
Its performance is the equivalent of the IGR of 26 states combined, and accounted for 29.88 per cent of total collections nationwide, according to figures released yesterday by the National Bureau of Statistics (NBS).
The N398.7 billion IGR of Lagos State is more than those of Taraba, Gombe, Kebbi, Ebonyi, Borno, Yobe, Katsina, Ekiti, Adamawa, Nasarawa, Bauchi, Niger, Jigawa, Abia, Zamfara, Imo, Bayelsa, Kogi, Plateau, Benue, Osun, Sokoto, Cross River, Anambra, Oyo and Edo which had a combined IGR of N375.2 billion in 2019.
The Data also revealed that the 36 states of the federation, including the Federal Capital Territory (FCT), generated a total of N1.33 trillion as IGR last year, compared to the N1.17 trillion recorded in 2018.
According to the IGR at state level for Fourth Quarter and Full Year 2019, all the states and FCT also generated N346.20 billion in IGR in Q4 2019 compared to N294.11 billion recorded in the preceding quarter, indicating a positive growth of 17.71 per cent quarter on quarter.
Lagos accounted for N101.63 billion of the 2019 Q4 IGR and further recorded the highest IGR at full year with N398.73 billion accounting for 29.88 per cent.
It was closely followed by Rivers with N140.40 billion or 10.52 per cent while Taraba State recorded the least revenue of N6.53 billion or 0.49 per cent of total revenue for the period.

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Akinola
Akinola
Akinola Olusegun is a blogger and publisher of this blog, money247.com.ng. You can also check out his other blogs : segtv.com.ng (videos & news), letgoonline.com.ng (e-commerce), letgoonline.com.ng/blog (news) among others. Follow him via any or all of his social media pages to get fresh posts update.
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