In an official report released by the National Bureau of Statistics on Monday, it was revealed that the thirty-six states in Nigeria and the Federal Capital Territory (FCT) collectively generated a total of N1.93 trillion in Internally Generated Revenue (IGR) during 2022.
Thank you for reading this post, don't forget to subscribe!The data highlights the top-performing states as Lagos, Rivers, and the FCT, with impressive IGR figures of N651.15 billion, N172.89 billion, and N124.4 billion, respectively. Conversely, the states at the lower end of the IGR spectrum are Kebbi (N9.1 billion), Taraba (N10.2 billion), and Yobe (N10.5 billion).
The NBS report further breaks down the tax sub-categories contributing to this revenue, including Pay As You Earn (PAYE), direct assessment, road taxes, stamp duties, capital gain tax, withholding taxes, other taxes, and Local Government Area (LGA) revenue. PAYE emerges as the most substantial contributor, accounting for 67.62 percent of the total tax-generated revenue nationwide. In contrast, capital gains tax made the smallest contribution, representing a mere 0.24 percent of the total tax revenue.
Additionally, the report indicates that Oyo, Lagos, and Jigawa states were the leaders in LGA revenue for the year, reporting figures of N11.83 billion, N11.51 billion, and N8.70 billion, respectively.
Here is the complete list of IGR for each state in 2022:
Top 10 High-Performing States:
1. Lagos – N651.2 billion
2. Rivers – N172.8 billion
3. FCT – N124.4 billion
4. Ogun – N120.6 billion
5. Delta – N85.9 billion
6. Oyo – N62.2 billion
7. Kaduna – N58.1 billion
8. Edo – N47.5 billion
9. Kano – N42.5 billion
10. Kwara – N35.8 billion
Top 10 Least Performing States:
28. Benue – N15.9 billion
29. Plateau – N15.9 billion
30. Bayelsa – N15.9 billion
31. Gombe – N13.6 billion
32. Adamawa – N13.2 billion
33. Katsina – N13 billion
34. Ebonyi – N12.4 billion
35. Yobe – N10.5 billion
36. Taraba – N10.2 billion
37. Kebbi – N9.1 billion
