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States Generate ₦5.30, Get ₦10.19, Borrow₦1.84 Trillion In Five Years - Politics - Nairaland

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Only 3 States Generate IGR More Than Allocation From FAAC — Dr Ayawei / Abubakar Aliyu: Why We Can’t Generate 5,000MW Of Electricity / A Bill To Allow States Generate Electricity Passed By House Of Representatives (2) (3) (4)

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States Generate ₦5.30, Get ₦10.19, Borrow₦1.84 Trillion In Five Years by TheRareGem1(f): 6:09am On Sep 10, 2021
The 36 states in Nigeria earned N5.30tn as internally generated revenue from 2016 to 2020. The states got N10.19tn from the Federation Accounts Allocation Committee within the time under review and borrowed N1.84tn from domestic sources.

These figures were arrived at through analyses of IGR and FAAC data from the National Bureau of Statistics and domestic loans data from the Debt Management Office.

This means that much of the revenues accruing to the states within the time under review came from the FAAC allocations.

The states got N1.33tn as FAAC allocation in 2016. In 2017, the figure increased to N1.74tn; in 2018, it ballooned to N2.49tn, and fell to N2.40tn in 2019. By 2020, the figure slipped to N2.23tn.

On the other hand, the states’ IGR was N817.19bn in 2016. It grew to N936.47bn in 2017, and increased further to N1.10tn in 2018. In 2019, it increased slightly to N1.23tn, and fell marginally to N1.21tn in 2020.

According to available data, only Lagos and Ogun state generate higher IGRs than their FAAC allocations. Lagos generated N1.84tn as IGR, and got N523.63bn from FAAC within the five-year period. Ogun State, on the other hand, got N162.47bn as FAAC allocation and generated N354.04bn from IGR.

States like Delta, Yobe, Gombe, Ebonyi, Borno, Katsina, and Kebbi depend largely on FAAC allocations based on available data.

In the period under review, Delta State got the most allocation from FAAC (N804.27bn), and Osun State got the least (N95.05bn). Lagos’s IGR was the highest (N1.84tn), while Yobe’s IGR was the lowest (N27.45bn).

According to data from the DMO, Lagos’s domestic debt grew the highest N290.24bn within the period under review, while Delta’s debt reduced the lowest by N72.16bn.

From 2016 to 2020, Abia got N225.47bn from the federation account, raised N71.59bn as IGR, and borrowed N55.61bn domestically.

Adamawa got N213.09bn from FAAC, raised N36.23bn as IGR, and borrowed N51.69bn domestically.

Akwa Ibom got N769.19bn from FAAC, raised N99.81bn as IGR, and borrowed N83.23bn domestically.

Anambra got N234.22bn from FAAC, raised N106.29bn as IGR, and borrowed N56.40bn domestically. Bauchi got N227.82bn from FAAC, raised N46.94bn as IGR, and increased its domestic debt by N45.17bn.

Bayelsa got N575.39bn from FAAC, generated N62.59bn internally, and borrowed N40.75bn domestically. Benue got N227.16bn from FAAC, raised N61.49bn internally, and borrowed N86.18bn domestically.

FAAC allocation to Borno was N268.67bn; IGR was N33.94bn, and domestic debt increased by N66.71bn. Cross River got N147.86bn from FAAC, raised N89.21bn internally, and borrowed N47.64bn.

Delta State got N804.27bn from FAAC, generated N278.79bn internally, and reduced its domestic debt with N72.16bn.

Ebonyi got N197.61bn, raised N34.64bn from IGR, and borrowed N10.05bn. Edo got N255.32bn from FAAC, raised N133.47bn internally, and borrowed N34.49bn.

Ekiti got N165.28bn from FAAC, raised N31.69bn internally, and borrowed N32.16bn.

Enugu got N223.89bn from FAAC, raised N113.14bn internally, and borrowed N30.54bn. Gombe got N179.14bn from FAAC, raised N30.89 as IGR, and borrowed N31.52bn.

Imo got N234.37bn from FAAC, raised N60.78bn as IGR, and borrowed N78.45bn.

Jigawa borrowed N8.78bn, raised N41.03bn, and got N257.14bn from FAAC. Kaduna borrowed N18.91bn, got N290.00bn, and raised N168.75bn.

Kano raised N189.89bn, borrowed N51.93bn, and got N363.78bn from FAAC.

Katsina borrowed N36.54bn, got N271.22bn, and raised N38.43bn. Kebbi raised N33.55bn, reduced its domestic debt by N6.98bn, and got N230.66bn from FAAC.

Kogi raised N65.89bn, borrowed N26.06bn, and got N227.42bn from FAAC.

Kwara raised N110.19bn internally, borrowed N31.67bn, and got N188.18bn from FAAC.

Lagos got N523.63bn from FAAC, raised N1.84tn internally, and borrowed N290.24bn domestically. Nasarawa raised N40.48bn internally, got N198.78bn from FAAC, and borrowed N18.83bn.

Niger got N243.79bn from FAAC, raised N46.12bn, and borrowed N45.28bn.

Ogun raised N354.05bn internally, got N162.47bn from FAAC, and borrowed N77.57bn.

Ondo got N250.86bn from FAAC, raised N99.39bn, and borrowed N48.02bn.

Osun raised N68.59bn, got N95.05bn from FAAC, and reduced its debt by N10.59bn. Oyo got N247.23bn from FAAC, raised N130.75, and borrowed N47.06bn.

Plateau raised N68.31bn, got N172.94bn from FAAC, and borrowed N41.58bn.

Rivers raised N545.14bn internally, got N675.54bn from FAAC, and borrowed N131.97bn.

Sokoto got N239.81bn from FAAC, raised N63.13bn internally, and borrowed N30.71bn.

Taraba got N199.67bn from FAAC, raised N32.28bn as IGR, and borrowed N78.39bn. Yobe raised N27.45bn as IGR, got N224.73bn from FAAC, and borrowed N50.99bn.

Zamfara raised N52.92bn as IGR, raised N176.04bn as FAAC, and borrowed N51.74bn domestically.

According to the NBS, states generate IGR from MDAs revenues, direct assessment (income tax), Pay-As-You Earn, road taxes, and other taxes such as levies on market traders, land registration, etc.

FAAC gets money from oil revenues and related taxes, revenues generated from the Nigerian Customs Service trade facilitation activities, company income tax, any sale of national assets as well as surplus and dividends from State Owned Enterprises.

https://punchng.com/states-generate-n5-30tn-get-n10-19tn-borrow-n1-84tn-in-five-years/?utm_term=Autofeed&utm_medium=Social&utm_source=Twitter#Echobox=1631244954

Re: States Generate ₦5.30, Get ₦10.19, Borrow₦1.84 Trillion In Five Years by TheRareGem1(f): 6:14am On Sep 10, 2021
We need to open our eyes as indigens of our respective states to make sure we hold our governors responsible and accountable, but sadly, our eyes are always on FG while state governors are stylishly mortgaging the incoming generations

67 Likes 3 Shares

Re: States Generate ₦5.30, Get ₦10.19, Borrow₦1.84 Trillion In Five Years by michlins(m): 6:20am On Sep 10, 2021
When they talk about vat, someone from Enugu and Abakaliki will be joining Lagos State to shout fiscal federalism forgetting that his state is on same level as Yobe state in terms of IGR.

Truth is that aside from Lagos and about two or more states, others depend on the federal government to pay ordinary salaries. That's how terrible it is

39 Likes

Re: States Generate ₦5.30, Get ₦10.19, Borrow₦1.84 Trillion In Five Years by kinzation(m): 6:24am On Sep 10, 2021
Facts and figures


So weytin be the koko now

1 Like

Re: States Generate ₦5.30, Get ₦10.19, Borrow₦1.84 Trillion In Five Years by TheRareGem1(f): 6:30am On Sep 10, 2021
kinzation:
Facts and figures


So weytin be the koko now

We need to be serious and old our governors responsible and accountable.

11 Likes

Re: States Generate ₦5.30, Get ₦10.19, Borrow₦1.84 Trillion In Five Years by Truthissupreme: 6:33am On Sep 10, 2021
TheRareGem1:
We need to open our eyes as indigens of our respective states to make sure we hold our governors responsible, but sadly, our eyes are always on FG while state governors are stylishly mortgaging the incoming generations
we need restructuring where every state control its own VAT and resources

That way there would be no hiding, every state would sit up and stop laziness

53 Likes 3 Shares

Re: States Generate ₦5.30, Get ₦10.19, Borrow₦1.84 Trillion In Five Years by blackpanda: 6:37am On Sep 10, 2021
Those foolish chest beaters won't like this. They prefer the false narrative that north depends on south. The truth is 90% of southern states generate nothing!


I just de laff. Keep clapping for d vat judgment. Na una go cry blood grin

3 Likes 1 Share

Re: States Generate ₦5.30, Get ₦10.19, Borrow₦1.84 Trillion In Five Years by blackpanda: 6:38am On Sep 10, 2021
Truthissupreme:
we need restructuring where every state control its own VAT and resources

That way there would be no hiding, every state would sit up and stop laziness

But u just read that apart from Lagos and ogun, the other states aren't generating anything.

3 Likes 1 Share

Re: States Generate ₦5.30, Get ₦10.19, Borrow₦1.84 Trillion In Five Years by olabukola: 6:40am On Sep 10, 2021
blackpanda:
Those foolish chest beaters won't like this. They prefer the false narrative that north depends on south. The truth is 90% of southern states generate nothing!


I just de laff. Keep clapping for d vat judgment. Na una go cry blood grin
If this is the reality, let the north champion restructuring since the south is leaching on them.

57 Likes 3 Shares

Re: States Generate ₦5.30, Get ₦10.19, Borrow₦1.84 Trillion In Five Years by Truthissupreme: 6:42am On Sep 10, 2021
blackpanda:


But u just read that apart from Lagos and ogun, the other states aren't generating anything.
That is what they want you to believe

I wonder why you said Lagos and ogun without adding rivers

If wike didn't talk about the injustice you won't believe how much he generated

So let every state collect their Revenue and VAT

We already know those crying for "brothers keeper"

52 Likes 5 Shares

Re: States Generate ₦5.30, Get ₦10.19, Borrow₦1.84 Trillion In Five Years by unbitchable(m): 6:45am On Sep 10, 2021
TheRareGem1:
We need to open our eyes as indigens of our respective states to make sure we hold our governors responsible, but sadly, our eyes are always on FG while state governors are stylishly mortgaging the incoming generations
Why is a state like Osun that generates more IGR than most northern states and some southern states yet gets the lowest allocations in successive years. With low allocation, how do you expect such a state embark on lots of infrastructures and payment of its workers?
If a state like Osun that has gold deposits is allowed to control its resources, more development would be visibly achieved.
You want development for the country yet people like you have refused to open your eyes and understanding to the fact that restructuring and resource control is the way out of central dependency.

28 Likes 2 Shares

Re: States Generate ₦5.30, Get ₦10.19, Borrow₦1.84 Trillion In Five Years by blackpanda: 6:52am On Sep 10, 2021
Truthissupreme:
That is what they want you to believe

I wonder why you said Lagos and ogun without adding rivers

If wike didn't talk about the injustice you won't believe how much he generated

So let every state collect their Revenue and VAT

We already know those crying for "brothers keeper"

Smh. Pls face reality. Figures don't lie. Politicians can tell u anything just to sway u one way or the other. Apart from oil companies in rivers, what else is generating vat?? And how many companies are their compared to the size of the state. The truth is in front of ur nose
Re: States Generate ₦5.30, Get ₦10.19, Borrow₦1.84 Trillion In Five Years by TheRareGem1(f): 6:52am On Sep 10, 2021
unbitchable:

Why is a state like Osun that generates more IGR than most northern states and some southern states yet gets the lowest allocations in successive years. With low allocation, how do you expect such a state embark on lots of infrastructures and payment of its workers?
If a state like Osun that has gold deposits is allowed to control its resources, more development would be visibly achieved.
You want development for the country yet people like you have refused to open your eyes and understanding to the fact that restructuring and resource control is the way out of central dependency.


I am aware of a leader that has gone to court more than five times to fight for restructuring but when you have saboteurs in the government, it makes your efforts futile plus a few northern states have gold and other mineral deposits, it the FG executive order that hold many of them back, in fact no state without God bless mineral resources in this country, the least is taraba with one resources aside the tourist centre in the state that is supposed to work upon by the FG and state in collaboration with private sector

4 Likes

Re: States Generate ₦5.30, Get ₦10.19, Borrow₦1.84 Trillion In Five Years by blackpanda: 6:53am On Sep 10, 2021
olabukola:
If this is the reality, let the north champion restructuring since the south is leaching on them.

Nobody is leeching on anybody. FGN is trying to take care of all Nigerians equitably.

2 Likes

Re: States Generate ₦5.30, Get ₦10.19, Borrow₦1.84 Trillion In Five Years by Onepeople: 7:06am On Sep 10, 2021
blackpanda:
Those foolish chest beaters won't like this. They prefer the false narrative that north depends on south. The truth is 90% of southern states generate nothing!


I just de laff. Keep clapping for d vat judgment. Na una go cry blood grin
you are a big joker, northern state got more than they generate stop deceiving yourself, more than 12 state in the north generate below 50b ,the only state that generate below 50b in the south is ebonyi state, maybe you need to go back again. This policy should be implemented.

24 Likes 4 Shares

Re: States Generate ₦5.30, Get ₦10.19, Borrow₦1.84 Trillion In Five Years by htdot: 7:14am On Sep 10, 2021
TheRareGem1:
We need to open our eyes as indigens of our respective states to make sure we hold our governors responsible and accountable, but sadly, our eyes are always on FG while state governors are stylishly mortgaging the incoming generations
You said the opposite when GEJ was in govt.

4 Likes 1 Share

Re: States Generate ₦5.30, Get ₦10.19, Borrow₦1.84 Trillion In Five Years by inoki247: 7:22am On Sep 10, 2021
Abeg how much FG generate and how much dem don borrow for over 6years now I want to check something...


How much FG don earn how much dem don borrow..

1 Like 1 Share

Re: States Generate ₦5.30, Get ₦10.19, Borrow₦1.84 Trillion In Five Years by blackpanda: 7:23am On Sep 10, 2021
Onepeople:
you are a big joker, northern state got more than they generate stop deceiving yourself, more than 12 state in the north generate below 50b ,the only state that generate below 50b in the south is ebonyi state, maybe you need to go back again. This policy should be implemented.

50bn is not even enough to pay salaries let alone construct roads, markets etc. No state except Lagos and ogun can function without FGN intervention.

Also it's not a policy, it's a judgment. Judgment that is already on appeal.

But if I'm buhari I will allow states collect. But all the judges will have no salary till fgn completes the appeal process. Since they are also a beneficiary of the VAT. Let the state govt pay them from the collection

3 Likes

Re: States Generate ₦5.30, Get ₦10.19, Borrow₦1.84 Trillion In Five Years by adioolayi(m): 7:25am On Sep 10, 2021
Don't use this narratives to stop the States from managing their resources, collecting their VAT and Stamped duties.

States should look into blocking revenues leakages, banning illegal operations (e.g. Gold mining and exportation), increase investors confidence in doing business and widen their Tax nets.

Many States are just lazy!!!

I believe each State has enough population and resources to be self sufficient if well managed.

14 Likes 1 Share

Re: States Generate ₦5.30, Get ₦10.19, Borrow₦1.84 Trillion In Five Years by Setier: 7:25am On Sep 10, 2021
cheesy
Re: States Generate ₦5.30, Get ₦10.19, Borrow₦1.84 Trillion In Five Years by Kennitrust(m): 7:26am On Sep 10, 2021
APC, the party that took Nigeria back to a failing state lipsrsealed
Re: States Generate ₦5.30, Get ₦10.19, Borrow₦1.84 Trillion In Five Years by humberjade: 7:27am On Sep 10, 2021
Hmm
Re: States Generate ₦5.30, Get ₦10.19, Borrow₦1.84 Trillion In Five Years by Emu4life(m): 7:27am On Sep 10, 2021
What are these states borrowing money for? No Capital Projects/Infrastructure, No proliferation of Factories, Poor Education and catastrophic Health Care system. what are they borrowing money for? To fund the extravagant lifestyle of politifians

5 Likes

Re: States Generate ₦5.30, Get ₦10.19, Borrow₦1.84 Trillion In Five Years by Kimer: 7:29am On Sep 10, 2021
.
Re: States Generate ₦5.30, Get ₦10.19, Borrow₦1.84 Trillion In Five Years by Full31: 7:31am On Sep 10, 2021
Nigeria 8s already a failed nation
Re: States Generate ₦5.30, Get ₦10.19, Borrow₦1.84 Trillion In Five Years by Truthissupreme: 7:31am On Sep 10, 2021
blackpanda:


Smh. Pls face reality. Figures don't lie. Politicians can tell u anything just to sway u one way or the other. Apart from oil companies in rivers, what else is generating vat?? And how many companies are their compared to the size of the state. The truth is in front of ur nose
I can see you are very ignorant

Do you know the amount of economic activities that goes in portharcourt

We have said every state should be on its own, allow the south states suffer is it your suffering

Why crying and begging for brothers keeper when you can simply allow every state on its own to prove your logic that spoon feeding that is north centric isn't south problem

10 Likes 1 Share

Re: States Generate ₦5.30, Get ₦10.19, Borrow₦1.84 Trillion In Five Years by damiloladuke: 7:31am On Sep 10, 2021
Ok
Re: States Generate ₦5.30, Get ₦10.19, Borrow₦1.84 Trillion In Five Years by Lumig: 7:32am On Sep 10, 2021
undecided
These governors are thieves. All their internally generated revenues codedly hidden from the public
Re: States Generate ₦5.30, Get ₦10.19, Borrow₦1.84 Trillion In Five Years by humberjade: 7:32am On Sep 10, 2021
TheRareGem1:

Ogun raised N354.05bn internally, got N162.47bn from FAAC, and borrowed N77.57bn.


Yet, Ogun lacks manageable roads

1 Like

Re: States Generate ₦5.30, Get ₦10.19, Borrow₦1.84 Trillion In Five Years by blackpanda: 7:32am On Sep 10, 2021
Truthissupreme:
I can see you are very ignorant

Do you know the amount of economic activities that goes in portharcourt


And what is the amount Give us the figures pls

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