Tag Archives: IGR

Lagos generated N300Bn as IGR in one year, higher than 33 states combined – NEITI

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The internally generated revenue (IGR) of Lagos state rose by approximately N33 billion from 2015 to 2016, beating 33 states put together.

According to a report by the Nigeria Extractive Industries Transparency Initiative (NEITI), the state recorded an IGR of N301.19 billion, a rise of N32.99 billion in one year.

The total IGR from 33 states of the federation, excluding Delta, Ogun and Rivers states stood at N299 billion — over a billion less than Lagos IGR.

Delta, Ogun and Rivers raked in N44.89 billion, N56.30 billion and N82.10 billion respectively.

Like his predecessors, Bola Tinubu and Babatunde Fashola, Akinwunmi Ambode, governor of Lagos state,  has at various times committed himself to the generation of IGR in the state.

The NEITI report, which reviewed disbursements from the Federation Account Allocation Committee (FAAC) for the fourth quarter of 2016, also showed that Lagos received N109 billion in 2016.

The agency lamented low revenue generation across 34 states, citing Lagos and Ogun as the only states generating more than what they get from the central.

“IGR is very low in most states and it is only in two states – Lagos and Ogun – that IGR is higher than FAAC allocations. The figure shows that total revenue by itself cannot fund states budgets,” it said.

NEITI said the three tiers of government shared N5.121 trillion through 2016 — a decline from 2015 figures.

“Total disbursements fell by 14.8% from N6.011 trillion for the year 2015 to N5.121 trillion for the 2016. In Q1 2016, total disbursements were N1.132 trillion as against N1.648 trillion in Q1 2015, a decline of 31.2% in Q1 2016,” NEITI said.

“Total disbursements fell by 26.9% from N1.241 trillion in Q2 2015 to N906 billion in Q2 2016. There was a further decline in Q3 when total disbursements dropped by 7.8% from N1.887 trillion in 2015 to N1.738 trillion 2016.

“However, total disbursements increased in Q4 by 8.8% from N1.233 trillion in 2015 to N1.343 trillion in 2016.”

The report revealed that “the federal government received a total of N2.08 trillion from the federation account in 2016, which represents a drop of 19.9% of the total N2.6 trillion received in 2015.”

The 2016 budget was for N6.06 trillion, implying that at N2.08 trillion, total FAAC disbursements were only 34.3 percent of the budget.

“Thus, the federal government would have to resort to even higher debts to fund the budget. The implication of this is that debt service payments, which accounted for 24.3% of the 2016 budget, would increase.”

 

Source: The Cable

Despite recession, Lagos generated N287bn revenue in 2016 – Ambode

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Lagos State governor, Akinwunmi Ambode on Sunday said the State recorded N287bn IGR in 2016 more than it got in 2015.

 

He said this at a special evening of music and camaraderie held at the Lagos House, Ikeja to celebrate this Christmas season.

 

Ambode praised tax payers, while stating that taxes paid by the people had been judiciously utilised to upgrade infrastructures and provide various services.

 

As of December 16, 2016 the State had raked in N287bn IGR for the year under review as against N268.2bn generated in 2015.

 

He said, “You wonder what it is that we are doing? We said it is an evening with the Governor but the truth is I just set this up to appreciate all of you and to say a big thank you. Yes, people have been saying that Lagos is working but Lagos is only working because of the people who are seated here.

 

“The tax payers are the ones giving us the little energy that we have and even when they say Nigeria is in recession, but somehow Lagos has been able to do it and it is because people are paying their taxes.

 

“The truth is that the people have been carrying out their civic obligations and somehow we have been returning those obligations with the services that we have provided and you found out that this year; we have actually made more IGR than last year under a recession.”

Kano generates N18 billion internal revenue in 2016.

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The Kano State Government has realised N18 billion as internally generated revenue from January to date, an official said.

The Chairman of Kano State Board of Internal Revenue, Sani Dembo, disclosed this on Thursday shortly after he defended the board’s 2017 budgetary allocation at the State Assembly.

Mr. Dembo said that in 2015, the board generated N11 billion as tax revenue, while N12 billion was realised in 2016.

He further said “within the 10 month of this year, we also generated non-tax revenue worth N6 billion, making the total of N18 billion generated”.

The Chairman added that some fund recoveries were made which are non-oil revenues which have contributed positively towards the boosting of the state revenue.

He said, the current economic recession has also affected Kano State.

“The State Government had introduced harmonisation system which dictates and streamline the revenues of various State ministries and parastatals revenues into one treasury single account.”

According to him, the system will accumulate Tax Revenue and Non-Tax Revenue.

He also cited example that property tax is a vital source of revenue for developed countries.

The board chairman said the Kano State government is preparing to employ more manpower that will assist in collecting property tax in the near future.