NO 1 STATE: AT N113B LAGOS STATE IGR AVERAGES N18.9B A MONTH

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The Lagos State Government in its second quarter 2012 budget performance announced it collected N113.7b in Internally Generated Revenue for the first 6 months of 2012. That was up N11.4b at the same period in 2011. The figure also averages N18.9b a month, lower than the N23b that you mostly see in queries from search engines.  The figure is also 79% against budget which was put at N144b. The Lagos State Internal Revenue as expected generated the most – N91b or 87% of this amount. See below;

 

Total Revenue for the state was N170b less than N199b budgeted or more than the n152b same period in 2011. With a 2006 population (as at 2006) of 17,552,942 Lagos State IGR comes to about N6,477.55  per Lagosian. The report also showed Lagos State had a total recurrent expenditure of N102.8b with  N37b incurred on personal cost alone.

                                                                               5 year comparison

 

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