|
By Omoh Gabriel, Business Editor
Monday, December 13, 2004
LAGOS — Nine oil producing states in the country generated internally a total of N97.293 billion between 1999 and 2003, according to figures collated from states accountants-general office and those collated by the Central Bank of Nigeria, CBN.
This amount when compared to the N886.570 billion they collected from the federation account between June 1999 and July 2004 is just 10.97 per cent of federal allocation to the nine states. A break down of the internally generated revenue of these states showed that Rivers State generated the highest revenue of N33.217 billion during the period. This is about 22.78 per cent of the net allocation to states from the federation of N145.791 billion in the last five years. Rivers State was followed closely by Delta State with a total internally generated revenue of N25.852 billion or 12.4 per cent of the over N207 billion total allocation to state government from the federation account in the five year period from June 1999 to July 2004.
Third on the list of states in the oil producing area with meager internally generated revenue is Akwa Ibom which raised a total of N9.576 billion from internal taxes, levies and dues during the period compared to a total allocation of N137,185,605,770.17 from the federation account between June 1999 and July 2004. Another state in the region with an unimpressive internally generated revenue is Ondo which generated a total of N6.921 billion as against the net allocation of N73,471,513,482.51 it collected from the federation account. Next is Imo State which internally generated revenue amounted to N5.977 billion in five years as against an allocation of N55,909,252,839.81 during the period.
Abia State, on its part, generated N5.159 billion as against N47,875,075,118.36 federal revenue allocation to the state. Edo State on its part generated a total of N3.462 billion internally during the five-year period though the record of one year was not available. This when compared to the net allocation of N47,673,975,707.47 from the federation account showed that the state internally generated revenue is low as is the case in all the states. Cross River State was able to generate N4.877 billion from 1999 to 2003 internally compared to federal allocation of N45,546,887,628.44 during the period. Bayelsa State which generated a total of N2.249 billion in five years, however, got a federal allocation of N125,911,797,483.38 during the period.
A break down of internally generated revenue by Rivers State show that in 1999 it collected taxes and levies to the tune of N4.273 billion, N4.281billion in 2000, N3.281 billion in 2001, N12.592 billion in 2002, and N8.788 billion in 2003. Also Delta State in 1999 generated N2.418 billion from internal sources.
In 2000 the state generated N2.993 billion, in 2001,N8.221 billion, in 2002, N5.963 billion and in 2003 N6.257 billion .
|
