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Lagos IGR Rises By N32.99bn — Higher Than 33 States Put Together - Politics - Nairaland

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Lagos IGR Rises By N32.99bn — Higher Than 33 States Put Together by SuperS1Panther: 11:32pm On Mar 15, 2017
The internally generated revenue (IGR) of Lagos state rose by approximately N33 billion from 2015 to 2016, beating 33 states put together.

According to a report by the Nigeria Extractive Industries Transparency Initiative (NEITI), the state recorded an IGR of N301.19 billion, a rise of N32.99 billion in one year.

The total IGR from 33 states of the federation, excluding Delta, Ogun and Rivers states stood at N299 billion — over a billion less than Lagos IGR.

Delta, Ogun and Rivers raked in N44.89 billion, N56.30 billion and N82.10 billion respectively.

Like his predecessors, Bola Tinubu and Babatunde Fashola, Akinwunmi Ambode, governor of Lagos state,  has at various times committed himself to the generation of IGR in the state.

The NEITI report, which reviewed disbursements from the Federation Account Allocation Committee (FAAC) for the fourth quarter of 2016, also showed that Lagos received N109 billion in 2016.

The agency lamented low revenue generation across 34 states, citing Lagos and Ogun as the only states generating more than what they get from the central.

“IGR is very low in most states and it is only in two states – Lagos and Ogun – that IGR is higher than FAAC allocations. The figure shows that total revenue by itself cannot fund states budgets,” it said.

NEITI said the three tiers of government shared N5.121 trillion through 2016 — a decline from 2015 figures.

“Total disbursements fell by 14.8% from N6.011 trillion for the year 2015 to N5.121 trillion for the 2016. In Q1 2016, total disbursements were N1.132 trillion as against N1.648 trillion in Q1 2015, a decline of 31.2% in Q1 2016,” NEITI said.

“Total disbursements fell by 26.9% from N1.241 trillion in Q2 2015 to N906 billion in Q2 2016. There was a further decline in Q3 when total disbursements dropped by 7.8% from N1.887 trillion in 2015 to N1.738 trillion 2016.

“However, total disbursements increased in Q4 by 8.8% from N1.233 trillion in 2015 to N1.343 trillion in 2016.”

The report revealed that “the federal government received a total of N2.08 trillion from the federation account in 2016, which represents a drop of 19.9% of the total N2.6 trillion received in 2015.”

The 2016 budget was for N6.06 trillion, implying that at N2.08 trillion, total FAAC disbursements were only 34.3 percent of the budget.

“Thus, the federal government would have to resort to even higher debts to fund the budget. The implication of this is that debt service payments, which accounted for 24.3% of the 2016 budget, would increase.”

www.thecable.ng/lagos-igr-rises-n32-99bn-higher-33-states-put-together

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Re: Lagos IGR Rises By N32.99bn — Higher Than 33 States Put Together by SuperS1Panther: 11:33pm On Mar 15, 2017
Lagos and Ogun should merge to form a country.

What could be the probable name of such a country? ---- LagOg.

Lol

105 Likes 8 Shares

Re: Lagos IGR Rises By N32.99bn — Higher Than 33 States Put Together by talkofnaija: 11:49pm On Mar 15, 2017
I am not surprised, a state that has the major airport station in the country, a state where major multinational companies are house, an oil producing state, a state which is overpopulated and the gov't decided decided to use tax as a means of generating revenues, a state where almost everything has a value added cost on goods and service. If a state has all these characteristics and it's backward, then that state should be questioned based on it monthly cash flow .

The location of Lagos is in no doubt at good advantage to it development.

I won't deny the fact that Lagos have numerous advantages due to the location of lndustries all over it land mass, but I will also say the truth by applauding the present and past government on their viable policies toward the moving forward of Lagos.


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19 Likes 2 Shares

Re: Lagos IGR Rises By N32.99bn — Higher Than 33 States Put Together by Nobody: 11:58pm On Mar 15, 2017
It's no surprise, Lagos is the commercial capital of Nigeria. I just hope there are commensurate developments and projects in place to help ease things. . . We're tired of the agbero-filled Lagos ooo... Government should do something about it.

13 Likes

Re: Lagos IGR Rises By N32.99bn — Higher Than 33 States Put Together by Blue3k(m): 12:12am On Mar 16, 2017
The rest need to catch up this is unacceptable.

6 Likes

Re: Lagos IGR Rises By N32.99bn — Higher Than 33 States Put Together by Ogene001: 12:15am On Mar 16, 2017
SuperS1Panther:
Lagos and Ogun should merge to form a country.

What could be the probable name of such a country? ---- LagOg.

Lol
Lagos extension into ogun should be carved out and joined to Lagos, Ogun should show us what they have achieved in abeokuta. any slight shifting of this boundary will have ogun behind ekiti

7 Likes 1 Share

Re: Lagos IGR Rises By N32.99bn — Higher Than 33 States Put Together by ozoebuka1(m): 1:10am On Mar 16, 2017
SuperS1Panther:
Lagos and Ogun should merge to form a country.

What could be the probable name of such a country? ---- LagOg.

Lol
Lagos is everyone's state just as Abuja is everyone's capital.

26 Likes 1 Share

Re: Lagos IGR Rises By N32.99bn — Higher Than 33 States Put Together by pazienza(m): 1:16am On Mar 16, 2017
How about their debts? Hope it's not rising along with their IGR.

3 Likes 1 Share

Re: Lagos IGR Rises By N32.99bn — Higher Than 33 States Put Together by Donshegxy10(m): 1:49am On Mar 16, 2017
ambode is working, Lagos is moving forward.
shout out to the pioneer of the Lagos dream ,asiwaju of africa, jagaban of borgu.
the king maker.
ekun oko remilekun

eko o ni baje o.

44 Likes 3 Shares

Re: Lagos IGR Rises By N32.99bn — Higher Than 33 States Put Together by Nobody: 1:58am On Mar 16, 2017
I am not surprised, a state that has the major airport station in the country, a state where major multinational companies are house, an oil producing state, a state which is overpopulated and the gov't decided decided to use tax as a means of generating revenues, a state where almost everything has a value added cost on goods and service. If a state has all these characteristics and it's backward, then that state should be questioned based on it monthly cash flow .

The location of Lagos is in no doubt at good advantage to it development.

I won't deny the fact that Lagos have numerous advantages due to the location of lndustries all over it land mass, but I will also say the truth by applauding the present and past government on their viable policies toward the moving forward of Lagos.

30 Likes 1 Share

Re: Lagos IGR Rises By N32.99bn — Higher Than 33 States Put Together by Dadaboy: 2:25am On Mar 16, 2017
Why will it not be so when almost everything is or done in lagos..

Where the headquarters of all companies is located, a no man's land
All imports first home for every business man

9 Likes 2 Shares

Re: Lagos IGR Rises By N32.99bn — Higher Than 33 States Put Together by Larryfest(m): 2:46am On Mar 16, 2017
You take Lagos away from Nigeria then am not sure if you will still have what is call Nigeria...

26 Likes 2 Shares

Re: Lagos IGR Rises By N32.99bn — Higher Than 33 States Put Together by Standing5(m): 2:56am On Mar 16, 2017
No need for the premature chest-beating, Can Lagos survive without allocation?

2 Likes 1 Share

Re: Lagos IGR Rises By N32.99bn — Higher Than 33 States Put Together by JonSnow(m): 3:18am On Mar 16, 2017
No mans land
Re: Lagos IGR Rises By N32.99bn — Higher Than 33 States Put Together by Nobody: 3:19am On Mar 16, 2017
Larryfest:
You take Lagos away from Nigeria then am not sure if you will still have what is call Nigeria...

Will even be better. Another port city will take its place

3 Likes

Re: Lagos IGR Rises By N32.99bn — Higher Than 33 States Put Together by Blue3k(m): 3:36am On Mar 16, 2017
Standing5:
No need for the premature chest-beating, Can Lagos survive without allocation?

Yes they would most likely. They are also only state that managed to generate more IGR than Allocation.

http://www.vanguardngr.com/2016/08/25th-anniversary-10-poorest-viable-states-in-nigeria/

33 Likes

Re: Lagos IGR Rises By N32.99bn — Higher Than 33 States Put Together by INTEGRITYA1(m): 3:41am On Mar 16, 2017
What a wonderful development? Eko o ni ba je.

2 Likes

Re: Lagos IGR Rises By N32.99bn — Higher Than 33 States Put Together by codedslayer: 3:45am On Mar 16, 2017
Ogene001:

Lagos extension into ogun should be carved out and joined to Lagos, Ogun should show us what they have achieved in abeokuta. any slight shifting of this boundary will have ogun behind ekiti

Some part of Ogun was even merged with Lagos. Stop saying what you dont know.

38 Likes 1 Share

Re: Lagos IGR Rises By N32.99bn — Higher Than 33 States Put Together by bakynes(m): 4:44am On Mar 16, 2017
Two zones are the most blessed in this country,The SW and the SS others are just Parasites.

34 Likes 1 Share

Re: Lagos IGR Rises By N32.99bn — Higher Than 33 States Put Together by Igbonoid: 4:55am On Mar 16, 2017
bakynes:
Two zones are the most blessed in this country,The SW and the SS others are just Parasites.

Lols

14 Likes 2 Shares

Re: Lagos IGR Rises By N32.99bn — Higher Than 33 States Put Together by Kingspin(m): 4:56am On Mar 16, 2017
What will happen if all the states generates same IGR? We can not continue like this. Some people should think well.

1 Like

Re: Lagos IGR Rises By N32.99bn — Higher Than 33 States Put Together by Lincoln275(m): 5:20am On Mar 16, 2017
lagos state = Nigeria

11 Likes

Re: Lagos IGR Rises By N32.99bn — Higher Than 33 States Put Together by ovieigho(m): 5:26am On Mar 16, 2017
This is an eye opener to the FG

kudos to Lagos for taxing anything taxable,even a qiosk owner in computer village is paying tax not to talk about all the multinationals that have their head offices in Lagos.

if Ekiti or osun want to Generate IGR who will they task ? the famers or the hunters?

if bayelsa , delta want to Generate IGR who will they task ? fishermen or militants?

what am saying is every fire power of a country is concentrated in Lagos alone which is not good for massive and even development among the states of the federation.

Lagos and Ogun state having industries and head offices coupled with massive migration from other states make them at the advantage and nothing special.

FG should give attentions to other states and by then we won't be having 20millon people in Lagos and 1million ,or even 500 thousands from osun and ekiti respectively.

13 Likes

Re: Lagos IGR Rises By N32.99bn — Higher Than 33 States Put Together by swagkingcole(m): 5:33am On Mar 16, 2017
Its a pity you don't know what you're saying.
Standing5:
No need for the premature chest-beating, Can Lagos survive without allocation?

12 Likes

Re: Lagos IGR Rises By N32.99bn — Higher Than 33 States Put Together by 989900: 5:56am On Mar 16, 2017
Lasgidi

Nigeria will progress in an unprecedented manner the day we vote a Lagos state governor as president of this country!
.


“IGR is very low in most states and it is only in two states – Lagos and Ogun – that IGR is higher than FAAC allocations. The figure shows that total revenue by itself cannot fund states budgets,” it said.

27 Likes 1 Share

Re: Lagos IGR Rises By N32.99bn — Higher Than 33 States Put Together by loopman: 5:56am On Mar 16, 2017
Ogene001:

Lagos extension into ogun should be carved out and joined to Lagos, Ogun should show us what they have achieved in abeokuta. any slight shifting of this boundary will have ogun behind ekiti

Go and carry knife and carve it out!
Which state are you from, so that we can understand the source of your agony

43 Likes 2 Shares

Re: Lagos IGR Rises By N32.99bn — Higher Than 33 States Put Together by loopman: 5:59am On Mar 16, 2017
bakynes:
Two zones are the most blessed in this country,The SW and the SS others are just Parasites.

One is blessed with something buried under the ground
The other is blessed with thing on top of the ground.

34 Likes 2 Shares

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