States in Nigeria recorded 26.5 percent decline in revenue in the second quarter of 2020, Q2’20, on the backdrop of the adverse effect of the Coronavirus (COVID-19) pandemic.
This development also dragged the first half performance of the Internally Generated Revenue (IGR) of the 36 states of the federation and the Federal Capital Territory, FCT, Abuja, down by 11.7 per cent to N612.9 billion, against N693.9 billion recorded in the corresponding period of 2019, H1’19. The National Bureau of Statistics (NBS) which gave the IGR figures in its report titled, “Internally Generated Revenue at State Level for H1, 2020”, said that the IGR of the 36 states and FCT fell to N259.73 billion in second quarter (Q2) 2020 from N353.14 billion in Q1 2020.
The report also showed that the IGR recorded by the states during the period represent only 14.33 per cent of the total revenue (N26.18 billion) available to the states, while revenue from FAAC contribution at N23.24 billion represents 85.67 per cent of the total revenue in H1’20. Lagos State recorded the highest IGR of N204.5 billion, representing 33.37 per cent of the total IGR figure, followed by Rivers State with N64.58 billion, which represents 10.54 per cent of the total IGR. FCT Abuja, Delta State and Ogun followed with N35.2 billion or 5.74 per cent, N30.8 billion or 5.03 per cent and N28.6 billion, representing 3.86 per cent of the total IGR respectively. Oyo, Kano, Akwa Ibom, Kaduna and Edo ranked sixth, seventh, eight, ninth and tenth, generating N17.77 billion (2.90%), N17.51 billion (2.86%), N16.21 billion (2.65%), 14.55 billion (2.37%) and N14.01 billion representing 2.29 per cent of the IGR respectively. On the other hand, Jigawa generated the least IGR of N3 billion, followed by Ekiti with N3.2 billion, Adamawa with N3.75 billion and Gombe with N3.78 billion.