By Aduragbemi Omiyale
In 2023, the 36 states of the federation and the Federal Capital Territory (FCT) generated about N2.43 trillion from Internally Generated Revenue (IGR), higher than the N1.93 trillion recorded in 2022 by 26.03 per cent.
This information was revealed by the National Bureau of Statistics (NBS) in a report released on Tuesday.
The agency disclosed that Lagos, FCT, and Rivers States recorded the highest IGR with N815.86 billion, N211.10 billion and N195.41 billion, respectively in the period under consideration, as Taraba, Yobe and Kebbi States reported the lowest revenues with N10.87 billion, N11.19 billion and N11.74 billion, respectively.
The NBS stated further that Pay As You Earn (PAYE) was the most tax revenue recorded during the period at N1.24 trillion, representing 63.83 per cent of the total taxes collected, while capital gains tax was the least at N5.91 billion, with total taxes to total IGR at about 80 per cent nationally.
A look into the report by Business Post showed that Ogun State generated N146.9 billion as IGR last year, while Delta State raked in N114.1 billion, with Edo making N64.7 billion, and Kaduna recording N62.5 billion.
It was observed that Kano generated an IGR of N37.4 billion in 2023, Sokoto made N18.0 billion, Kebbi posted N11.7 billion, and Zamfara recorded N22.2 billion, while Benue posted N19.1 billion, with Plateau achieving N25.9 billion.
In addition, Enugu State N33.9 billion, Ebonyi raked in N30.8 billion, Abia recorded N23.7 billion, Imo posted N21.1 billion and Anambra achieved N33.5 billion.
Last year, Ondo State generated an IGR of N41.5 billion, Ekiti posted N32.1 billion, Osun raked in N27.9 billion, Oyo recorded N52.8 billion, Kwara achieved N59.5 billion, and Kogi reported N26.8 billion.