Internally Generated Revenue At State Level: Q4 & Full Year 2020.pdf

Q4 & Full Year 2020 (National Bureau of Statistics)

Key Findings:

- National Trend: Nationwide, internally generated revenue (IGR) at state level showed a negative growth of -1.93% year-on-year in 2020 compared to 2019, and a quarter-on-quarter decline of -0.98% in Q4 2020 versus Q3 2020.

- Top Performing States: Lagos remains the state with the highest IGR, followed by Rivers. Yobe recorded the lowest IGR.

- Revenue Sources: PAYE (employee taxes), direct assessments, road taxes, and other taxes contribute significantly to total tax revenue across states. MDAs (local government agencies) also play a role in generating revenue.

State-Specific Data:

The report provides detailed data for 36 states and the Federal Capital Territory (FCT) including:

- IGR Collection: Total IGR collected in Q4 2020 and for the full year 2020.
- Share of Total Revenue: Percentage contribution of state IGR to total federal revenue (FAAC).
- Growth Rates: Year-on-year (YoY) and quarter-on-quarter (QoQ) growth rates, highlighting both positive and negative trends.

Key Takeaways:

- Significant variations exist in IGR performance across states, influenced by factors like economic activity, population size, and revenue generation policies.
- The overall decline in IGR underscores potential challenges faced by states in generating domestic revenue, potentially impacting their ability to fund public services and infrastructure development.