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    US military strikes Iran

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    Spain golden visa scheme ends as Portugal and Greece demand increases

    Spain golden visa scheme ends as Portugal and Greece demand increases

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    CBN ends free ATM withdrawals for other banks’customers

    FG increases private university application fee from N5m to N25m

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Home Economy Economic Data

FULL LIST: States & FCT Internally Generated revenue in 2022

Tuesday, 24 October 2023, 2:04 pm
in Economic Data, Economy
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Banks begin to charge taxes on bonds, T-bills as exemption expires
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The 36 states in Nigeria and the Federal Capital Territory generated N1.93 trillion in 2022 Internally Generated Revenue, the National Bureau of Statistics (NBS) said on Monday.

Lagos, Rivers and FCT topped the list with N651.15 billion, N172.89 billion, and N124.4 billion, respectively while Kebbi, Taraba and Yobe were the least with N9.1 billion, N10.2 billion, and N10.5bn respectively.

Here is the full list of states IGR in 2022:

1. Lagos – N651.2bn
2. Rivers – N172.8bn
3. FCT – N124.4bn
4. Ogun – N120.6bn
5. Delta – N85.9bn
6. Oyo – N62.2bn
7. Kaduna – N58.1bn
8. Edo – N47.5bn
9. Kano – N42.5bn
10. Kwara – N35.8bn
11. Akwa Ibom – N34.8bn
12. Anambra – N33.9bn
13. Ondo – N32.6bn
14. Enugu – N28.7bn
15. Bauchi – N25.5bn
16. Osun – N24.6bn
17. Sokoto – N23.6bn
18. Cross River – N21.1bn
19. Jigawa – N20.5bn
20. Abia – N20.1bn
21. Zamfara – N19.4bn
22. Imo – N19.3bn
23. Nasarawa – N19.3bn
24. Borno – N19.1bn
25. Kogi – N18.2bn
26. Ekiti – N17bn
27. Niger – N16.9bn

28. 8enue – N15.9bn

29. Plateau – N15.9bn
30. Bayelsa – N15.9bn
31. Gombe – N13.6bn
32. Adamawa – N13.2bn
33. Katsina – N13bn
34. Ebonyi – N12.4bn
35. Yobe – N10.5bn
36. Taraba – N10.2bn
37. Kebbi – N9.1bn

According to NBS, Pay As Your Earn (PAYE) “was the most contributing revenue source during the year.” It represented 67.62 per cent share of the total tax generated revenues nationwide.

It further noted that capital gains tax was the least in the year under review with 0.24 per cent share to total tax revenue.

Ifunanya Ikueze
Ifunanya Ikueze

Ifunanya Ikueze is an Engineer, Safety Professional, Writer, Investor, Entrepreneur and Educator.

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