Kebbi, Taraba, and Yobe states generated the lowest amounts of internally generated revenue (IGR) in 2022.
This is according to the latest Internally Generated Revenue report from the National Bureau of Statistics (NBS) released on Monday.
According to the report, with N9,146,249,907.83, N10,238,110,125.95, and N10,456,776,796.18, respectively, the three states were the least successful in generating revenue.
Conversely, Lagos, Rivers and the Federal Capital Territory (FCT) generated the highest IGR in the review period.
The NBS report showed that the three states raked in N651,145,633,085.30, N172,823,232,535.44, and N124,366,774,519.25, respectively.
The main source of revenue for the year, as shown by the report, was the pay-as-you-earn (PAYE) tax, contributing 67.62 per cent to the total tax revenues generated across the country.
Capital gains tax, on the other hand, played a much smaller role, accounting for only 0.24 per cent of the total tax revenue.
Oyo, Lagos, and Jigawa emerged as the top three states in terms of local government revenue with N11,832,437,020.33, N11,505,586,283.35, and N8,700,993,591.78, respectively.
The NBS report also noted that in the year 2022, the Internally Generated Revenue (IGR) was primarily driven by two major sources: taxes and revenue from Ministries, Departments, and Agencies (MDAs).
Within the taxes category, there were several sub-categories, including PAYE, Direct Assessment, Road Taxes, Stamp Duties, Capital Gain Tax, Withholding Taxes, Other Taxes, and revenue from Local Government Areas (LGAs).
Collectively, the 36 states and the FCT generate a total of N1,925,612,626,650.76 as IGR in 2022, representing a modest growth of 1.57 per cent compared to the N1,895,786,762,263.80 generated in the previous year, 2021.
