EIGHT NORTHERN STATES OCCUPY LOWEST POSITION IN INTERNALLY GENERATED REVENUE – NBS

download 64 1 jpeg

EIGHT NORTHERN STATES OCCUPY LOWEST POSITION IN INTERNALLY GENERATED REVENUE – NBS

Eight states in the northern part of the country occupy the lowest position in internally generated revenue in 2023. The states were Taraba State at N10.8 billion, Yobe N11.1 billion, Kebbi N11.7 billion, Gombe N15.1 billion, Adamawa N17 billion, Sokoto N17.9 billion.

Other States include; Borno N19.4 billion, Benue N19.1 billion.

A newly released report by the National Bureau of Statistics (NBS) has shown that 36 states in the country and the federal capital territory recorded internally generated revenue of N2.4trillion in 2023.

Of this amount, MDAs revenue stood at N478 billion while revenue from tax stood at N1.9trillion.

Details released in the report showed that Lagos State recorded the highest Internally Generated Revenue of N815.8 billion, followed by the Federal Capital Territory, Abuja, at N211billion.

Rivers State made N195 billion, Ogun N146.8 billion, Delta N114 billion, Edo N64.6 billion, Kaduna N62.4 billion, Kwara N59.6 billion, Oyo N52.7 billion, Akwa Ibom N43.1 billion, Ondo N41.5 billion, Kano N37.3 billion, Enugu N33.8 billion, Anambra N33.4 billion, Ekiti N32 billion, Cross Rivers N31.5 billion, Ebonyi N30.8 billion, Bauchi N30.5 billion, Osun N27.9 billion, Jigawa N27.5 billion, Katsina N26.9 billion, Kogi N26.7 billion, Plateau N25.8 billion, Nasarawa N23.4 billion, Abia N23.7 billion, Zamfara N22.1 billion, Niger N21.6 billion, Imo N21 billion, Bayelsa N19.8 billion.

There have been concerns regarding the state of revenue earned by states and the ability of this to help states meet their fiscal responsibilities.

States have been quoted as being largely reliant on federally distributed revenue and reliant on loans to meet their budgetary demands.

  • Dons Eze

    DONS EZE, PhD, Political Philosopher and Journalist of over four decades standing, worked in several newspaper houses across the country, and rose to the positions of Editor and General Manager. A UNESCO Fellow in Journalism, Dr. Dons Eze, a prolific writer and author of many books, attended several courses on Journalism and Communication in both Nigeria and overseas, including a Postgraduate Course on Journalism at Warsaw, Poland; Strategic Communication and Practical Communication Approach at RIPA International, London, the United Kingdom, among others.

    Related Posts

    IPMAN OPTIMISTIC OF IMMINENT DROP IN FUEL PRICES

    IPMAN OPTIMISTIC OF IMMINENT DROP IN FUEL PRICES The National Publicity Secretary of the Independent Petroleum Marketers Association of Nigeria (IPMAN), Ukadike Chinedu, has expressed optimism about the declining price of Premium Motor Spirit (PMS) in Nigeria. He attributed this trend to improved pricing, accessibility, and procurement processes within the petroleum sector. Speaking on Saturday, January 11, 2024, Chinedu noted that the reduced costs have fostered increased consumer demand and satisfaction among marketers. “Now that the cost of the product is going down, most marketers are happy. We can even see people requesting 20 or 50 litres because the price is coming down drastically. Before, we spent close to N50 million, but now the cost has reduced to N40-something million,” he explained. Chinedu also highlighted the benefits of a deregulated market following the removal of fuel subsidies, which he believes has attracted investors and created opportunities for competitive pricing. “We are in a deregulated economy now; subsidy has been removed. Investors are coming in because the government is no longer regulating or supplying petroleum products. Even those who want to import can now get it at cheaper rates,” he stated. The ongoing reforms in Nigeria’s oil sector are expected to drive further improvements in pricing, enhance market competition, and boost accessibility for consumers and investors alike.

    NORTH-SOUTH CATTLE TRADE DECLINES BY 50 PERCENT

    NORTH-SOUTH CATTLE TRADE DECLINES by 50 PERCENT Cattle traders are facing an existential threat, especially in the northeastern part of Nigeria, with stakeholders calling for urgent intervention to save the sector. Investigation by Weekend Trust revealed that as a result of the spate of insecurity ravaging parts of the country and the ban on open grazing in some states, with no serious alternatives like ranches put on ground, cattle breeders are forced to migrate to countries like Cameroon, Chad, Niger, Sudan and Central Africa. Our correspondents who went round and interacted with market officials, cattle traders and residents across the North-East region, report that stakeholders in the business are worried over the dwindling fortune of their businesses. Cattle movement Data generated after months of market survey in 63 different markets across the North-East indicate that 593 trailer-loads of cattle are transported to the southern part of Nigeria on a daily basis. The survey also revealed that each trailer, on average, carries 42 cows, which summed up to 25,499 being supplied to the South, especially Lagos, Enugu, Port Harcourt, Akwa Ibom, Onitsha, Uyo and others. But based on state-by-state reports, Yobe now contributes 223 trailers as against the 400 it used to supply from 12 major cattle markets, Adamawa 200 instead of 300 from 12 cattle markets in the state. Borno now supplies 50 trailers daily instead of 100 from its four major markets, while Gombe contributes 50 trailers as against over 80 from seven markets. Also, Taraba now supplies 40 trailers daily instead of 70, while Bauchi can only boast of 10 trailers daily compared to 40 it supplied years back. However, these figures do not include the number of cattle being consumed everyday within the region and other parts of northern Nigeria. Apart from the famous Potiskum cattle market in Yobe, cows are loaded from other major markets in Garin Alkali; Nguru; Geidam; Babban Gida; Damaturu; Kukareta, Yadin Buni, Ngalda, Jajere, Borno Kiti, Girgir, among others. Market officials who spoke with Weekend Trust said pressure on herders, coupled with the spate of insecurity in the region, affected the number of cattle in the markets. Our fortune has declined Malam Adamu Garba, the Potiskum cattle market superintendent under the Fika Emirate Council, told Weekend Trust that there’s a sharp drop in cattle supply in the region. He said, “Before now, more than 400 trailers of cattle were leaving this market to the South on a weekly basis; but today, we can only boast of 200 trucks, which is 28 trailers per day.” He said the decrease in supply was noticed from October 2023 to January 2024. Alhaji Bello Bulama, the head of Garin Alkali cattle market, also confirmed a decrease in the number of cows supplied to the market. “The supply kept dropping over time – from 70 trucks to 50. Now, we are getting less than 40 trucks on market days (Sundays). We now transport less than 30 trucks of cattle to the southern part of the country weekly as against the previous supply – between 60 and 50,” he said. Also speaking, Alhaji Muhammad Dala Mala, the Zango of Nguru Emirate Council, who was a leader at Nguru cattle market, confirmed the decrease in the number of cattle being supplied to the market. He said, “To be honest with you, only between 30 and 50 trailers go out with cattle every Tuesday, unlike before when we pushed out over 100. It is a situation that every cattle trader should worry about.” Also, Shettima Alhaji Umaru, the secretary of the Geidam Cattle Market Association, said the unfavourable situation breeders found themselves in was affecting the flow of cattle into the market. “Unfortunately, we sometimes have less than 12 trucks going out of…

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    You Missed

    BOKO HARAM KILLS 40 FARMERS IN BORNO, DOZENS MISSING

    FUBARA WINS AS COURT NULLIFIES RIVERS PDP CONGRESSES

    • By Dons Eze
    • January 13, 2025
    • 160 views

    LAGOS LAWMAKERS IMPEACH SPEAKER AMID MULTIBILLION-NAIRA FRAUD ALLEGATION

    PROTEST AT PDP HEADQUARTERS OVER TUSSLE FOR NATIONAL SECRETARY POSITION

    LAGOS-CALABAR COASTAL ROAD MISSING IN 2025 BUDGET

    FG ACCUSES NNPCL OF FINANCIAL IRREGULARITIES, DIVERT N2.68TRN, $9.77M