• About Us
  • Our Commitments
  • Contact Us
Social Enterprise Newspaper
  • Business
  • Editorial
  • Education
  • Entertainment
  • Fashion
  • Politics
  • Security
  • Sports
  • Home
  • 2019
  • October
  • IGR for half-year 2019 is N691.11bn – NBS

IGR for half-year 2019 is N691.11bn – NBS

- Economic Periscope, Featured
14th October 201914th October 2019
IGR NBS Yemi Kale
0 0
Read Time2 Minute, 18 Second

The National Bureau of Statistics (NBS), says in the first half of 2019, the 36 states and the Federal Capital Territory (FCT) generated N691.11 billion as Internally Generated Revenue (IGR).

The NBS said this in its “IGR at State Level for Quarter One and Quarter Two, 2019” report recently published.

It said that compared to N596.91 billion recorded in the second half of 2018, there was an increase of N94.2 billion, indicating a positive growth of 15.78 per cent.

The report added that 31 states and the FCT recorded growth in Internaly Generated Revenue (IGR), while five states recorded decline in IGR in the period under review.

According to it, the net Federation Accounts Allocation Committee (FAAC) allocation in the first half of the year is put at N1.20 trillion, while the total revenue available to the states including the FCT is put at N1.89 trillion.

It, however, said that the value of foreign debt stood at 4.23 billion dollars, while domestic debt hit N3.85 trillion at the end of 2018.

The bureau said that the IGR was derived from Ministries, Departments and Agencies’ (MDAs) revenues, Direct Assessment, Pay As You Earn (PAYE), Road Taxes and other Taxes.

The data showed that Lagos state led the collection table with N263.25 billion, while Rivers collected N151.8 billion, Delta N145 billion, Akwa Ibom N106.7 billion and FCT N72.8 billion.

Bayelsa state generated N71.6 billion, Kano N58.5 billion, Kaduna N54.7 billion, Ogun N48 billion, Edo N47.3 billion, Ondo N47.2 billion, Oyo N42.1 billion, Sokoto N38.8 billion, Benue N38.1 billion, Imo N37.4 billion and Kwara N36.6 billion.

Others are Niger state with N36.1 billion, Enugu N35.7 billion, Katsina N35.4 billion, Cross River N33.9 billion, Jigawa N33.9 billion, Bauchi N33.7 billion, Borno N33.6 billion, Abia N33.5 billion, Anambra N32.2 billion and Kogi N31.6 billion.

It added that Plateau state generated N30.7 billion, Kebbi N30.3 billion, Adamawa N28.2 billion, Yobe N27.2 billion, Zamfara N27.1 billion, Nasarawa N26.6 billion, Ebonyi N26.5 billion, Taraba N25.7 billion, Ekiti N25 billion, Gombe N21.7 billion and Osun N20.2 billion.

SENS reports that the recorded IGR made by the states excludes the monthly allocation received from FAAC. It also reports that the states IGR data was computed by the NBS and the Joint Tax Board from official records and submissions by the 36 State Boards of Internal Revenue.

These submissions were then validated and authenticated by the Joint Tax Board chaired by the Federal Inland Revenue Service.

The board has the NBS and the 36 State Boards of Internal Revenue as members.

Share

Facebook
Twitter
Pinterest
LinkedIn

About Post Author

BroadStreet Business

broadstreet@socialenterprise.com.ng

Post navigation

NITDA creates technology hardware platform for learning
Moghalu demands electronic voting in 2023

Related Articles

COVID-19 Ogun State Remmy Hazzan

Making a Case for COVID-19 Diagnostic Centre in Ogun State

- Featured, Healthcare
9th March 20209th March 2020
#IWD 2020 AMA 2020 NIPR Peter Oyeneye Women Empowerment

AMA Academy Holds 2020 IWD Conference – Oyeneye

- Featured, Glitz & Circus
7th March 20207th March 2020
Kaduna State Nigerian Army

Troops destroy 2 bandits camps in Kaduna

- Featured, Security Updates
21st October 201921st October 2019

Recent Articles

Mercy Akhamere Celebrates In Style

Metro Watch - Healthcare, Icons & Fashion
25th February 202125th February 2021 Comments Off on Mercy Akhamere Celebrates In Style

Dr. Mercy David Akhamere is a very successful doctor at...

OceanSpring Debuts eCommerce for Nigeria, Africa

8th February 20218th February 2021

Julius Abuda Celebrates Birthday in Style

18th September 202018th September 2020

Create Inclusive Curriculum for Child Sexual Abuse Protection – Olabisi Tomori

24th June 202027th June 2020

Making a Case for COVID-19 Diagnostic Centre in Ogun State

9th March 20209th March 2020

RSS Africa Signal Magazine

  • Mercy Akhamere Celebrates in Style 25th February 2021 Samuel Odebowale
  • OceanSpring Debuts eCommerce for Africa 8th February 2021 Business Channels
  • Olabisi Tomori Talks About Her Project 24th June 2020 Samuel Odebowale
  • Making a Case for COVID-19 Diagnostic Centre in Ogun State 9th March 2020 Samuel Odebowale
  • AMA Academy Holds 2020 International Women’s Conference 7th March 2020 Samuel Odebowale

PhotoSpeak

RSS OsnetCommerce

  • Welcome To The Good Life
    OsnetCommerce is deepening the way people e-commerce could assist people around the world. We have beaten all known records in Africa as the first online specialty retailer offering the widest ... Read More
  • OsnetCommerce Builds On Trust
    I posted about the vision of OsnetCommerce yesterday. Based on the disclosures and strategic direction, people are asking if we are willing to do what is absolutely necessary to win, ... Read More
  • Our Vision of Commerce
    OsnetCommerce was opened for business yesterday 31st of the month of May, 2020. We have received a lot of interests and visitations since I made that announcement via a short ... Read More
  • Welcome to OsnetCommerce
    We are happy to announce that OsnetCommerce is open for business! OsnetCommerce is focused on deepening e-commerce specialty retail across Africa. Now we can all buy what we truly desire. ... Read More

About Us

Social Enterprise News Service (ISSN: 2488 – 9458) is the Private Newswire Agency and National Newspaper, covering West and Sub-Saharan Africa. As an emerging leader in regulated news publishing, by leveraging on technologies, we are focused on sustainable delivery of complete spectrum virtual broadcasting and publishing.

Our Editorial Policy

We seek to raise the income, health, inclusiveness, peace and security of  people across our coverage jurisdictions. Our business philosophy reflects social enterprise principles, and we have a commitment towards the promotion of sustainable practices across all indigenous and expatriate-driven sectors in Sub-Saharan Africa.

Contact Us

  • Home
  • News
  • About Us
  • Our Services
  • Our Commitments
  • Operational Outlook
  • Advertise Here
  • Contact Us
© 2021. OceanSpring Group. All Rights Reserved | Site Built by OceanSpring
  • Advertise Here
  • Terms & Conditions
  • Privacy Policy
  • Shared Values
  • Staff Email