The total revenue received by the
Lagos state government in 2018 was higher than what was received by the entire
south-east region.
The south-east region consists of
five states namely: Abia, Anambra, Ebonyi, Enugu and Imo.
The state’s 2018 revenue was also
higher than that of the northeast and north-central, which
This is contained in the
Quarterly Review document of the Nigeria Extractive Industries Transparency
Initiative (NEITI).
The revenue of states was
calculated as the sum of the internally generated revenue (IGR) and allocations
from the federation accounts allocation committee (FAAC).
The total IGR generated by states
in 2018 was N1.103 trillion while the total FAAC allocations were N2.849
trillion.
Lagos state had the highest total
revenue of N501.2 billion while Osun had the lowest at N33.2 billion.
“This implies that the total
revenue of Lagos State was 13.9% of the combined total revenue of all states.
Also, if the states with the highest and lowest revenues are compared, the
revenue of Lagos State was 15 times or 1,518% of the revenue of Osun State,”
the report read.
“The total revenue of Lagos State
(N501.2 billion) exceeded total revenue of each of three zones: North Central
(N378.7 billion), North East (N351.5 billion), and South East (N340.1 billion).
“While the total revenue received
by Lagos State is higher than the total revenue of each of these zones, the total
revenue of the South-South is higher than the combined total revenue of all
three zones. The total revenue received by Lagos State is greater than the
combined total revenues received by nine states (N449.49 billion) – Osun,
Ekiti, Zamfara, Ebonyi, Gombe, Taraba, Cross River, Nasarawa, and Adamawa.”
On a zonal basis, the south-south
zone recorded the highest total revenue (N1.102 trillion), followed by the
south-west with N877.8 billion.
The north-west zone came in third
with N546.5 billion, north-central with N378.7 billion, north-east with N351.5
billion and south-east recorded the lowest with N340.1 billion.
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