Land tax fetches highest amount in Lagos in three years, least in Taraba
By Jeph Ajobaju, Chief Copy Editor
Lagos generated N262.85 billion in road and other land taxes between 2018 and 2020, according to National Bureau of Statistics (NBS) latest data, an amount four times greater than N60.96 billion made in Rivers, the nearest in this tax bracket.
Taraba collected the least with N976.29 million.
All the 36 states earned N751.17 billion from road tax, direct assessment, and other taxes in the three-year period.
The NBS classifies direct assessment as personal income tax used to assess tax for self-employed individuals or tax on informal businesses.
Road tax is a daily levy paid by transport operators. Other taxes include levies on market traders, land registration, other land-related activities, development levies on individuals, pool betting/lottery/gaming fees, and stamp duties.
These taxes plus revenues from ministries, departments, and agencies (MDAs), and Pay As You Earn (PAYE) tax are the bedrock of the Internally Generated Revenue (IGR) of states.
NBS data – per reporting by The PUNCH – shows the amount fetched by these taxes in the three years as:
- 2018 – N229.05 billion
- 2019 – N294.54 billion
- 2020 – N227.58 billion
Top 5 earning states
- Lagos – N262.85 billion
- Rivers – N60.96 billion
- Kano – N43.71 billion
- Ogun – N38.42 billion
- Kaduna – N27.93 billion
Bottom 5 earning states
- Katsina – N2.14 billion
- Bauchi – N2.09 billion
- Nasarawa – N1.41 billion
- Yobe – N1.13 billion
- Taraba – N976.29 million
The top five earners accounted for 57.76 per cent (N433.86 billion) of the total sum generated, the bottom five made 1.03 per cent (N7.75 billion).
__________________________________________________________________
Related articles:
CSOs, non-profits, to pay tax. As Buhari extends tax net to pay N35.46tr debt
Company Income Tax grows to N472.52b, VAT declines
Abuja eyes VAT expansion to fetch N316b
__________________________________________________________________
Generation by all states
Sums generated from road and other land-related taxes by all states between 2018 and 2020 are as follows:
- Lagos – N262.85 billion
- Rivers – N60.96 billion
- Kano – N43.71 billion
- Ogun – N38.42 billion
- Kaduna – N27.93 billion
- Edo – N27.31 billion
- Sokoto – N24.69 billion
- Delta – N24.26 billion
- Cross Rivers – N23.79 billion
- Ondo – N22.27 billion
- Oyo – N21.59 billion
- Anambra – N15.59 billion
- Zamfara – N15.52 billion
- Niger – N13.12 billion
- Jigawa – N12.29 billion
- Akwa Ibom – N11.83 billion
- Kebbi – N9.93 billion
- Enugu – N9.56 billion
- Abia – N9.09 billion
- Imo – N9.05 billion
- Plateau – N8.59 billion
- Ekiti – N7.18 billion
- Kogi – N6.85 billion
- Ebonyi – N6.62 billion
- Kwara – N6.42 billion
- Gombe – N6.09 billion
- Borno – N4.29 billion
- Bayelsa – N4.26 billion
- Osun – N3.89 billion
- Adamawa – N2.77 billion
- Benue – N2.71 billion
- Katsina – N2.14 billion
- Bauchi – N2.09 billion
- Nasarawa – N1.41 billion
- Yobe – N1.13 billion
- Taraba – N976.29 million
