The National Bureau of Statistics (NBS) on Friday reported that the Internally Generated Revenue (IGR) of the 36 states for the fiscal year 2017 totalled N931.23 billion.
The figure represents 12.03% year on year growth when compared to the N831.19 billion collected by them in the year 2016.
The Bureau stated that at the end of second half of 2017, total revenue generated by states was put at N432.65 billion as against N409.09 generated at the end of the first half of the year.
A further analysis of the IGR trend showed that 31 states recorded growth in IGR while five states which include, Akwa Ibom, Anambra, Bauchi, Osun and Taraba recorded a decline at the end of 2017 Fiscal Year.
While Lagos topped the collection chart with N333.968 billion collected during the year under review, Rivers followed with N89.485 billion collection. Ogun State raked in N74.836 billion compared to Kano’s N42.419 billion collection during the fiscal year.
Delta State increased its IGR collection to N51.888 billion during the year, up from the N44.058 billion it generated internally in 2016 while Kaduna collected N26.531 billion, representing about 15.23% improvement over its 2016 collection which stood at N23.024 billion.
Also, Bayelsa collected N12.523 billion IGR in the year under review compared to Borno State’s N4.983 billion.
However, some of the states did not improve their revenue collections during the year. These include, Anambra State which raked in N17.365 billion as against its N23.269 billion collection in 2016; Akwa Ibom’s collection dropped from N23.269 billion in 2016 to N15.956 billion last year while Bauchi State also recorded significant drop in IGR which dropped by 49.65% from N8.677 billion in 2016 fiscal year to N4.368 billion last year.
The Bureau also reported that the net allocation to the 36 states from the Federation Accounts totalled in N1.73 trillion last year while the total revenue available to the states stood at N2.67 trillion.
This is even as the agency noted that the value of the sub-national governments’ foreign debt stood at $19.9 billion at the end of last year while domestic debt rose to N3.35 trillion at the end of the year.