IGR per capita collectively highest in the South West
By Jeph Ajobaju, Chief Copy Editor
Lagos, Abuja, and Ogun in that order are on the leaderboard of internally generated revenue (IGR) per capita as of the second half of the year ended June 2021 (H1 2021), according to latest data from the National Bureau of States (NBS).
The 36 states and the Federal Capital Territory (FCT) collected N849.12 billion IGR between January and June 2021 (H1 2021). This was 38.5 per cent above N612.87 billion in H1 2020 and 26 per cent more than N673.82 billion in H2 2020.
IGR per capita in 34 states rose 34.1 per cent from N2,781 in H1 2020 to N3,729 in H1 2021. Only two states had a decline compared with H12020.
Nairalytics, the research arm of Nairametrics, ranked the 36 states and the FCT based on their IGR per population, considering population growth estimated by the Central Bank of Nigeria (CBN) for 2020 and 2021.
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South West atop other regions
IGR in South West states totalled N385.41 billion in H1 2021 resulting in N8,575 IGR per capita, the highest of all zones. The region grew revenue 37.3 per cent compared with N6,243 in H1 2020.
South South came second with N4,626.99 IGR per individual, an 8.8 per cent notch from N4,253 in H1 2020. It is followed by North Central with N3,745.83.
The top 10 states of IGR per population spread across the South West, North Central, and South South.
Lagos – N18,144
Lagos made N267.23 billion IGR in H1 2021, growing 30.7 per cent from N204.51 billion in H1 2020 and 30.3 per cent compared with N205.16 billion in H1 2019.
Its IGR per capita jumped 26.6 per cent from N14,337 in H1 2020 to N18,144 in H1 2021. Compared with N14,850 H1 2019, an increase of 22.2 per cent.
Lagos continues to contribute the giant share of IGR, accounting for 31.5 per cent of total collection by the 36 states and the FCT in H1 2021.
Abuja – N12,173
Abuja with N12,173 had the second highest IGR per population in H1 2021, a 78.8 per cent rise on N6,809 (H1 2020) and 48.7 per cent on N8,187 (H1 2019).
Abuja also came second in total IGR with N60.07 billion in H1 2021, a 96.2 per cent notch above N35.21 billion in H1 2020.
Ogun – N8,908
Ogun with an estimated population of 6.15 million had an increase of 124 per cent in IGR per capita to N8,908 in H1 2021, a 73.5 per cent increase compared with N5,135 in H1 2019.
Ogun hosts manufacturing plants such as Dangote Cement and Lafarge Cement, among others, and made N54.82 billion IGR in H1 2021, jumping 131.5 per cent against N23.68 billion in H1 2020.
Rivers – N6,621
Rivers, a major oil-producing state, was fourth with an estimated IGR per population of N6,621 in H1 2021, which was 14.2 per cent less than N7,718 in H1 2020 and 29.5 per cent reduction against N9,393 in H1 2019.
The state, second in H1 2020, moved two steps down as its IGR for H1 2021 dropped 11.2 per cent from N64.59 billion in H1 2020 to N57.32 billion in H1 2021.
About 55 per cent of its total annual revenue is from the federal purse, showing that Rivers is highly dependent on Abuja allocations.
Delta – N6,309
Delta recorded N6,309 IGR per capita in H1 2021, increasing 31.7 per cent against N4,791 in H1 2020. Total IGR jumped 36 per cent to N41.93 billion (H1 2021), 15.2 per cent to N30.84 billion (H1 2020), and N36.39 billion (H1 2019).
NBS data shows that Delta relies on federal allocation for over 75 per cent of its total annual revenue.
IGR per capita
IGR per capita estimates average revenue per individual living in a state. It is computed by dividing IGR by population.
Estimated population was based on figures from CBN statistical bulletin with further projections based on population growth rate.