Data
released by the National Bureau of Statistics has shown that Lagos
state internally generated revenue for the period of 2010-2012 was
higher than any other state in the country.
In the report which was signed by Statistician General, Yemi Kale in collaboration with the Joint Tax Board, Lagos State generated N185.541 billion in 2010, N202.761 billion in 2011 and N219.202 billion in 2012 making it the state with the highest internally generated revenue(IGR).
“First of all, we see patterns. Lagos stands out from the rest of the country, totally in a class of its own. Two, the south is totally different from the north and generally the economies in the north evidently lag behind,” Opeyemi Agbaje, CEO of RTC Advisory Services told CNBC Africa.
According to Agbaje, the data showed the impact of the major population and commercial centres especially in Southern Nigeria.
“So we see that the top seven or eight states are Lagos, Rivers, Delta, Akwa Ibom, Oyo, Enugu, and Cross River. Relatively, the South West stands out even from the rest of the South region. All of these give you a sense around the state of economic development in the regions,” he added.
Rivers State came in behind Lagos state with N173.047 billion and a breakdown showed that the state generated N49.585 billion in 2010, 57.187 billion naira in 2011 and N66.275 billion in 2012.
Data on internally generated revenues of state governments recently released by Nigeria’s National Bureau of Statistics reveal major disparity in revenues.
Delta ranked third with the most IGR, the data revealed that 26.087 billion naira was collected in 2010, N34.750 billion in 2011 and N45.566 billion in 2012.
“It also reflects the social statistics in terms of education, entrepreneurial activities, the development of businesses, the development of commerce and industries across those regions.”
For more information, visit http://www.nigerianstat.gov.ng/
Culled from: Vanguard News
In the report which was signed by Statistician General, Yemi Kale in collaboration with the Joint Tax Board, Lagos State generated N185.541 billion in 2010, N202.761 billion in 2011 and N219.202 billion in 2012 making it the state with the highest internally generated revenue(IGR).
“First of all, we see patterns. Lagos stands out from the rest of the country, totally in a class of its own. Two, the south is totally different from the north and generally the economies in the north evidently lag behind,” Opeyemi Agbaje, CEO of RTC Advisory Services told CNBC Africa.
According to Agbaje, the data showed the impact of the major population and commercial centres especially in Southern Nigeria.
“So we see that the top seven or eight states are Lagos, Rivers, Delta, Akwa Ibom, Oyo, Enugu, and Cross River. Relatively, the South West stands out even from the rest of the South region. All of these give you a sense around the state of economic development in the regions,” he added.
Rivers State came in behind Lagos state with N173.047 billion and a breakdown showed that the state generated N49.585 billion in 2010, 57.187 billion naira in 2011 and N66.275 billion in 2012.
Data on internally generated revenues of state governments recently released by Nigeria’s National Bureau of Statistics reveal major disparity in revenues.
Delta ranked third with the most IGR, the data revealed that 26.087 billion naira was collected in 2010, N34.750 billion in 2011 and N45.566 billion in 2012.
“It also reflects the social statistics in terms of education, entrepreneurial activities, the development of businesses, the development of commerce and industries across those regions.”
For more information, visit http://www.nigerianstat.gov.ng/
Culled from: Vanguard News