Osun records increase in IGR in 2016
Osun State recorded a 10 percent increase in its internally generated revenue (IGR) in 2016, a report by the Nigeria Bureau of Statistics, NBS said.
This is as Lagos continues to dominate the table with the highest IGR generated in the country.
Lagos with a population of above 20 million, generated a whopping sum of N302,425,091,964.78 billion and earned n81,097,954,616.12 billion from federal allocation, FAAC.
In the NBS report titled ‘Internally Generated Revenue at State Level (2016)’, it was gathered that Osun recorded an improvement in its internal revenue by 10 per cent between 2015 and 2016.
Osun with a population of just above N4 million, generated the sum of N8.07bn in 2015, but recorded an improved figure of N8.88bn in 2016 representing a 10% growth in a space of one year.
It was also noted that Lagos, Abia, Kano, Benue, Bauchi, Osun and Akwa Ibom emerged top seven earners of Self-Assessment tax across the country.
Meanwhile, several states internal revenue service boards continues to aggressively implement tax laws in order to boost their states IGR. Recall the Osun Internal Revenue Service, OIRS yesterday shut over 82 organisations that refuse to pay their taxes to the state government.
