Rivers Ranks Third In IGR

Rivers State has recorded N57.3billion, representing -11.2 percent to clinch the third position in the Internally Generated Revenue (IGR) index of the 36 states and the Federal Capital Territory (FCT) for the half-year running from January through June, 2021.
This means that the state dropped by 11.2percent from its record in the last assessment by the Nigeria Bureau of Statistics (NBS).
In the Annual State Viability Index (ASVI) 2020, Rivers ranked second, generating N117,189,729,245.29, representing 58.9per cent of Federation Account Allocation grossing N198,872,359,463.64.
The total revenue generated over the six-month period amounts to N849.2billion, representing an increase of +38.5per cent half-year year-on-year.
A breakdown shows that the North-East generated N42.9billion; North-West N79.1billion; South-Eat N52.2billion; North-Central N133.3billion; South-South N156.2billion; and South-West N385.4billion.
Maintaining the top spot is Lagos with N267.2billion, representing +30.7per cent in the 2021 half-year year-on-year report; and quickly followed in the second place by the FCT, which raked in a cumulative N69.1billion for the same period.
In the ASVI 2020 report, Lagos hit top spot in IGR with N418,988,587,897.11, representing 139.9per cent of FAA, grossing N299,574,277,490.98; while FCT generated N92,059,700,897.42, representing 306.8per cent of gross FAA at N30,003,717,459.53.
Ogun generated N54.8billion, representing increase of +131.5percent; Delta N41.9billion, representing increase of +36.0per cent; Kaduna hit N26.4billion, representing a rise of +81.6per cent; while Oyo generated N25.2billion, representing an increase of +41.7per cent over the period under review.
Between January and June, 2021, Akwa Ibom generated N18.1billion, up +11.6per cent; Ondo hit N17.9billion, up +31.8per cent; Edo got N17.6billion, an increase of +25.9per cent; and Kwara scooped N16.1billion, representing +70.7per cent year-on-year.
While Kano dropped in revenue generation to N15.1billion, representing -14.0per cent; other states such as Cross River got N14.8billion, representing an increase of +83.3per cent; just as Plateau raised its revenue generation capacity to N14.5billion, representing +53.9per cent for the six-month period.
Also, Enugu hit N14.1billion, representing +15.3per cent; Osun got N13.7billion, representing +52.6per cent; Anambra raked in N12.8billion, representing +33.8per cent; while Imo generated N9.99billion, representing +29.2per cent year-on-year record.
Other states that recorded upward revenue swing are Borno, which got N9.81billion, representing an increase of +82.4per cent; Kogi with N9.61billion, representing +29.3per cent; Nasarawa, with N9.50billion, representing +61.1per cent; Bauchi, with N9.47billion representing +64.6per cent; and Jigawa with N9.33billion, representing a dramatic upswing of +210.3per cent, year-on-year account.
Sokoto got N8.41billion, representing +82.9per cent; Zamfara N8.40billion representing +18.6per cent; Niger N7.93billion representing +97.3per cent; Ebonyi N7.75billion representing +22.5per cent; Abia N7.55billion representing +22.0per cent; and Katsina N7.49billion, representing +35.3per cent.
In the same six-month revenue generation profile, Kebbi squeezed in N7.66billion representing +67.2per cent; Benue N6.71billion representing +25.5per cent; Ekiti N6.59billion representing +105.5per cent; Bayelsa N6.42billion representing +19.1per cent; Adamawa N6.09billion representing +62.3per cent; Gombe N5.44billion representing +43.6per cent; Taraba N4.77billion representing +17.6per cent; and Yobe N4.03billion representing +2.7per cent.
Statistics reveal that only two states: Rivers and Kano recorded drop in revenue generation with the six-month period; while 34 states and FCT witnessed increase in generation capacity.

By: Nelson Chukwudi