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Pre-Summit ROADSHOW Yobe FCT Benue Zamfara Borno

Excellence & Amidst Insurgency Leadership in IGR Awards Grows IGR By 25% EXCELLENCE IN IGR LEADERSHIP IN IGR AWARD 2019/2020 AWARD 2019/2020

Presented to the Executive Chairperson of the Presented to the Executive Chairperson of the Internal Revenue Service of the Top 12 Fastest Internal Revenue Service of the Top 12 Most Growing States in IGR in 2019 Independent States in Revenue in 2019

Alhaji Ali Usman Ahmad Mr. Hamzat Ayodele Subair Damaturu, Ikeja,

Hajiya Lubabatu Isah Mayana Mr. Adekunle Adeosun Gusau, Abeokuta,

Mr. Adegbite Ademikanra Alhaji Abdullahi Attah Osogbo, Abuja, FCT

Mr. Andrew Ayabam Mr. ThankGod Adoage Norteh Makurdi, Port Harcourt,

Alhaji Hamma Adama Njabbari Mr. Adegbite Ademikanra Yola, Oshogbo, Osun State

Dr. Zaid Abubakar Mrs. Shade Omoniyi Kaduna, ,

Alhaji Iliyasu Arzika Jega Dr. Zaid Abubakar Birnin Kebbi, Kaduna, Kaduna State

Alhaji Aliyu Inda Salami Mr. Akpanke Ogar Lokoja, Calabar,

Alhaji Ahmed Y. Muhammad Mr. Emeka Anthony Odo Lafia, Enugu,

Mr. Emeka Anthony Odo Mr. Tolu Adegbie Enugu, Enugu State Akure,

Alhaji Ibrahim Ahmed Sani Alhaji Abdurrazak Datti Salihi Dutse, Kano,

Dr. David Nzekwu Dr. David Nzekwu Awka, Awka, Anambra State Alhaji Ali Manga Bulama Maiduguri, Borno State (Special Recognition)

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You are free to reproduce this magazine, in whole or in part, but please contact us below. THIS EDITION

Revenue Rankings Chairman/Publisher Frederick Apeji

11-17 Head, Social Media Linda Idakwo

Design & Graphics Stephen Olumaiyegun

Advisory Board Borno State Beatrice Omo-Ikirodah 8-10 REVENUE is the official magazine of the annual Nigerian States IGR Summit, a strategic leadership event designed to spur greater competition among Nigerian states, in the process, helping them to substantially increase their internally generated revenue (IGR).

Alford Conferences Limited No. 19A, Imuereze Street Off Upper Adesuwa Road GRA, Benin City, +234 803 063 5853, +234 915 213 2280 www.alfordevents.com.ng. ABUJA, FCT March 16-18, 2021

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Alford Conferences Limited WhatsApp/SMS/Call: +234 803 063 5853, +234 915 213 2280 www.alfordevents.com.ng Alford Events @AlfordEvents FROM THE PUBLISHER @ 60: the telecommunications industry shows great economic possibilities for the country

n order to develop a it ranks 7th in the world, successor plan to the b e h i n d C h i n a , I n d i a , INigeria Vision 20:2020, Indonesia, USA, Brazil and which will lapse on December Russia. With 143,236,089 3 1 , 2 0 2 0 , P r e s i d e n t internet users as at June 30, Muhammadu Buhari, on 2020, Nigeria has the largest S e p t e m b e r 9 , 2 0 2 0 , internet community in Africa announced a new vision for and it ranks 6th in the world, the country tagged, Nigeria behind China, India, USA, Agenda 2050. Indonesia and Brazil. In the With a GDP of $448.12 global telecommunications billion in December 31, 2019, industry, Nigeria therefore is the World Bank currently c o n f i d e n t l y p u n c h i n g ranks Nigeria 26th, indicating according to its demographic that we have obviously failed weight. to achieve our national Frederick Apeji, Chairman/Publisher In the Europe, Middle ambition to become one of East and Africa (EMEA) the top 20 economies in the world, ranked by GDP. region, Nigeria has the largest internet subscriber But the failure of the past does not stop a serious base, ahead of Russia, Germany, France, Egypt, person from dreaming about better and greater Iran, Turkey, Ethiopia, DR Congo, South Africa, times ahead. Nigeria shouldn't be different. etc. As for mobile phone subscription, we are the Which leads us to the question: can Nigeria 2nd largest in EMEA, behind only Russia. Among achieve an economic size that is commensurate to the countries that US investment bank, Goldman its population? We are currently ranked 7th in Sachs, refers to as The Next 11 (Bangladesh, population globally but ranked 26th in GDP. By Egypt, Indonesia, Iran, Mexico, Nigeria, Pakistan, 2050, when the country is projected to become the the Philippines, South Korea, Turkey and 3rd most populous country in the world, would our Vietnam), our country leads in these raw digital economy have attained a top 3 (or even a top 10) stats. ranking? We think that the growth and Despite Nigeria's many miserable failures in development of the country's telecommunications the past, the telecom industry offers a glimmer of industry gives some hope in this direction. hope towards the country's true economic Not many people are aware of Nigeria's greatness. greatness, digital-wise. With 195,902,783 active mobile phone subscriptions as at June 30, 2020, Nigeria is the biggest telecom market in Africa, and

05 Pre-Summit Roadshow

he inaugural Nigerian States IGR Summit is the helmsman of the agency, Alhaji Abdullahi Attah. We slated for March 16-18, 2021 in Abuja. A went to Makurdi, Benue State, on September 18, 2020, Tnationwide pre-summit roadshow began last where we honoured Mr. Andrew Ayabam, Executive month, and, so far, we have visited Yobe, FCT, Benue, Chairman of Benue State Internal Revenue Service with Zamfara and Borno. We are on a mission to sensitize the Excellence in IGR Award. Hajiya Lubabatu Isah Mayana state revenue agencies about the forthcoming summit, as and Alhaji Ali Manga Bulama, of Zamfara and Borno well as to present a platform for them to give an update States respectively, hosted us to a media briefing in their on the position of taxation and related matters in their domain, with their fellow board directors and other respective domains. We visited Alhaji Ali Usman Ahmad, senior management staff of their agencies in attendance. Permanent Secretary/Chairman of Yobe State Board of This roadshow, slated for September 1-November 30, Internal Revenue on September 10, 2020, and presented 2020, continues to the remaining 16 states: Adamawa, him with Excellence in IGR Award at a media briefing. Anambra, Cross River, Enugu, Jigawa, Kaduna, Kano, We were at FCT Internal Revenue Service on September Kebbi, Kogi, Kwara, Lagos, Nasarawa, Ogun, Ondo, 15, 2020, where we had a most fruitful deliberation with Osun and Rivers.

Damaturu, Yobe State Damaturu, Yobe State

Gusau, Zamfara State Abuja, FCT

06 Pre-Summit Roadshow

Gusau, Zamfara State Gusau, Zamfara State

Maiduguri, Borno State Maiduguri, Borno State

Makurdi, Benue State Makurdi, Benue State

07 Prof. Babagana Umara Zulum Governor, Borno State Amidst Continuing Insurgency, Borno State Grew Its IGR by 25.3% in 2019

h o u g h B o k o H a r a m Conferences Limited, the convener creative ways to collect taxes and insurgency, now in its 11th of the annual Nigerian States IGR other revenue so that the state can Tyear, has practically wiped off Summit. keep operating financially." economic activities in 20 out of its 27 At the award presentation, Alhaji Bulama explained further that, local government areas (LGAs), Bulama said, "In 2019, we were able "Trans-border trade between Nigeria Borno State grew its internally to collect revenue mainly in and its neighbouring countries of generated revenue by 25.3% from Maiduguri metropolis and to some Niger, Chad and Cameroon has also N6.52 billion in 2018 to N8.17 billion extent in six additional local been grounded due to the insurgency. in 2019. government areas: Jere, Bayo, Shani, Borno is the only state in the country This was disclosed today in Kwaya Kusar, Hawul and Biu. The that shares borders with three Maiduguri, the state capital, by Alhaji situation has remained pretty much countries, and this trans-border trade Ali Manga Bulama, the Executive the same even in the previous years. was an important part of the Chairman of Borno State Internal Though the continuing insurgency economy of our economy for several Revenue Service, when an Excellence has taken a huge toll on lives and years and decades." in IGR Award 2019/2020 was economic activities in the state, we "Though we currently face great presented to him by Alford have continued to seek and deploy limitations in revenue collections,

08 Cover Story

Borno State remains the pillar when Executive Chairman of Borno State boggling achievements of the regions you look at the economy of the entire Internal Revenue Service, a taxation in our history were without oil North East zone of the federation. professional of over 30 years, who money, but mainly from agriculture And, on a positive note, I must thank has produced many victories in the and taxes." our state governor, Prof. Babagana internally generated revenue (IGR) In 2019, 34 states in Nigeria, Umara Zulum, for his raw of Borno State, despite the including Borno, depended on the determination to bring Borno State challenges that his agency faces on a Federation Account for more than back to stability and normalcy, even at daily basis. Specifically, we commend 50% of their entire revenue. Last a great risk to his own life." Alhaji Bulama and his team for month, the Chairman of the Revenue "Still on a positive note, let me growing the internally generated Mobilization Allocation and Fiscal inform those outside the state and revenue (IGR) of Borno State by Commission (RMAFC), Engr. Elias outside the country that Maiduguri, 25.3% from N6.52 billion in 2018 to Mbam, warned that this Federation the state capital, has confidently N8.17 billion in 2019." Account, on which majority of the bounced back to life, after the many While formally receiving the states depend so much, is over years that it suffered all kinds of Class of 2019 State Governors in stressed. Mr. Mbam urged state internal strife leading to loss of lives Nigeria in 2019, the Vice President of governments to develop strategies to and valuable property." the country, Prof. Yemi Osinbajo, boost their internal revenue. While presenting the Excellence charged them to explore ways of According to Mr. Apeji, "Today, in IGR Award to Borno State, Mr. improving their internally generated there is less money coming to the Frederick Apeji, the convener of revenue (IGR) in the next few years. states from the Federation Account. Nigerian States IGR Summit, said, In his words, "It was possible for The need for each state of the "We are gathered here today to states to generate significant revenues federation to look inwards and come honour Alhaji Ali Manga Bulama, the from agriculture. After all, the mind up with strategies to grow its internally generated revenue (IGR) has therefore become very critical." "As part of our response to this critical national need, we have created Nigerian States IGR Summit, an annual conference designed to encourage and foster a healthy competition among the FCT and the 36 states of N i g e r i a i n o r d e r t o substantially increase their internally generated revenue ( I G R ) . W h e t h e r a s individuals or organizations, healthy competition brings out the best in all of us. This is what this summit hopes to Alhaji Ali Manga Bulama, Executive Chairman of Borno State foster among the 36 states Internal Revenue Service, receives Excellence in IGR Award and FCT in the crucial area 2019/2020. Left: Mallam Abdu Aliyu, Director Personal Income Tax of the agency. Right: Mr. Frederick Apeji, of IGR in 2021 and beyond." Chairman/Publisher of Alford Conferences Limited

09 November 2020 Edition

MMaaiiddugguurrii BusinessBusiness Theme: FFororum LOOKING BEYOND the INSURGENCY

MAIDUGURI Borno State November 26, 2020

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agri-business

Alford Conferences Limited WhatsApp/SMS/Call: +234 803 063 5853, +234 915 213 2280 www.alfordevents.com.ng Alford Events @AlfordEvents NIGERIAN STATES REVENUE RANKINGS 2019/2020 PAGE 12: Biggest States in IGR in 2018 PAGE 13: Biggest States in IGR in 2019 PAGE 14: Fastest Growing States in IGR in 2019 PAGE 15: Governors: Fastest Growing States PAGE 16: Most Independent States in Revenue in 2019 PAGE 17: Governors: Most Independent States Revenue Rankings

Internally Generated Revenue (IGR) in Nigerian States BIGGEST STATES: DECEMBER 31, 2018 NO. ZONE STATE CAPITAL GOVERNOR IGR 2018 1. South West Lag os Ikeja Akinwunmi Ambode N382,181,548,627 2. South-South Ri vers PH Ezenwo Nyesom Wike N112,780,373,912 3. South West Ogun Abeokuta N84,554,199,59 4 4. North Central FCT Abuja Muhammed Bello N65,519,663,65 5 5. South-South Delta Asaba Ifeanyi Okowa N58,439,598,672

6. North West Kano Kano Abdullahi Umar Ganduje N44,107,375,284

7. North West Kaduna K aduna Nasir Ahmad el-Rufai N29,446,386,92 5 8. South-South Edo Benin -City Godwin Obaseki N28,425,496,842 9. South West Ondo Akure Rotimi Ak eredolu N24,788,059,725 10. South West Oyo Ibadan N24,635,074,074 11. South-South Akwa Ibom Uyo Udom Gabriel Emman uel N24,210,810,10 3 12. North Central Kw ara Ilorin Abdulfatah Ahmed N23,046,944,29 6 13. South East En ugu En ugu Ifeanyi Ugwuanyi N22,145,937,216 14. South East Anambra Awka Will ie Obiano N19,305 ,267,647 15. North West Sok oto Sok oto Aminu Waziri T ambauwal N18,762,009,020 16. South-South Cross Ri ver Calabar Benedict Ayade N17,552,112,937 17. South East Imo Ow erri N14,884,271,810 18. South East Abia Um uahia Okezie Ikpeazu N14,834,904,447

19. South-South Bayelsa Yenagoa N13,636,545,717

20. North Central Plateau Jos Simeon Bak o Lalong N12,726,479,548 21. North Central K ogi Lok oja Yaha ya Bello N11,334,113,743 22. North Central Ben ue Makurdi Samuel Ortom N11,215,482,725 23. North Central Nig er Minna Abubakar Sani Bello N10,432,190,95 7 24. South West Osun Osogbo Adegboyeg a Oyetola N10,381,663,67 8 25. North East Bauc hi Bauc hi Muhammed Abubakar N9,690,832,17 8 26. North West Jig awa Dutse Muhammad B. Abubakar N9,246,250,836 27. North West Zamfara Gusau Abdulaziz Abubakar Yari N8,206,695,592 28. North Central Nasara wa Lafia Umaru Tanko Al -Makura N7,566,920,657 29. North East Gombe Gombe Ibrahim Dankw ambo N7,343,549,621 30. North West Katsina K atsina Aminu Bello Masari N6,961,870,329 31. North East Bor no Maiduguri N6,524,300,904

32. South West Ekiti Ado-Ekiti N6,465,374,251

33. North East Adama wa Yola Bindo w Jibrilla N6,204,876,66 6 34. South East Ebonyi Abakaliki Da ve Umahi N6,144,587,06 6 35. North East Taraba J alingo Darius Ishaku N5,968,809,583 36. North West K ebbi Birnin- Kebbi Abubakar Atiku Bagudu N4,881,961,00 6 37. North East Yobe Damaturu Ibrahim Geidam N4,382,259,456 TOTAL N1,168,934,799,299

Source: National Bureau of Statistics, www.nigerianstat.gov.ng Analysis By: REVENUE Magazine

12 Revenue Rankings

Internally Generated Revenue (IGR) in Nigerian States BIGGEST STATES: DECEMBER 31, 2019 NO. ZONE ST ATE CAPIT AL GOVERNOR IGR 2019 1. South West Lag os Ikeja Babajide Sanwo-Olu N398,732,246,493 2. South -South Ri vers PH Ezenwo Nyesom Wike N140,398,744,303 3. North Central FCT Abuja Muhammed Bello N74,564,180,835 4. South West Ogun Abeokuta Dapo Abiodun N70,922,590,496 5. South -South Delta Asaba Ifeanyi Okowa N64,678,796,992 6. North West Kaduna Kaduna Nasir Ahmad el-Rufai N44,956,576,583 7. North West Kano Kano Abdullahi Umar Ganduje N40,593,701,332

8. South-South Akwa Ibom Uyo Udom Gabriel Emmanuel N32,291,014,772

9. South East Enugu Enugu Ifeanyi Ugwuanyi N31,069,466,913

10. North Central K wara Ilorin AbdulRahman AbdulRazaq N30,646,731,409 11. South West Ondo Akure Rotimi Akeredolu N30,135,881,918 12. South -South Edo Benin -City Godwin Obaseki N29,478,406,024 13. South West Oyo Ibadan Oluwaseyi Makinde N26,746,460,236 14. South East Anambra Awka Willie Obiano N26,369,195,865 15. South -South Cross River Calabar Benedict Ayade N22,597,063,883 16. North West Sok oto Sokoto Amin u Waziri Tambauwal N19,005,093,541 17. South West Osun Osogbo Adegboyega Oyetola N17,922,394,523 18. North Central Ben ue Makurdi Samuel Ortom N17,850,480,386 19. North Central Plateau Jos Simeon Bako Lalong N16,480,111,594 20. North Central Kogi Lokoja Yahaya Bello N16,389,026,389 21. South East Imo Owerri Emeka Ihedioha N16,095,299,621 22. South -South Ba yelsa Yenagoa Henry Seriake Dickson N16,342,762,532 23. North West Zamfara Gusau Bello Mohammad N15,416,043,400 24. South East Abia Umuahia Okezie Ikpeazu N14,769,307,659 25. North West Jig awa Dutse Muhammad B. Abubakar N12,926,658,146

26. North Central Niger Minna Abubakar Sani Bello N12,765,034,972

27. Nor th East Bauc hi Bauchi Bala Mohammad N11,696,955,885 28. North Central Nasara wa Lafia Abdullahi Sule N10,858,822,423 29. Nor th East Adama wa Yola Ahmadu Umaru Fintiri N9,704,660,185 30. South West Ekiti Ado -Ekiti Kayode Fayemi N8,546,875,648 31. North West K atsina Katsina Aminu Bello Masari N8,496,742,119 32. Nor th East Yobe Damatur u Mai Mala Buni N8,444,634,099 33. Nor th East Bor no Maiduguri Babagana Umara Zulum N8,175,248,326 34. South East Ebonyi Abakaliki Dave Umahi N7,455,294,676 35. North West K ebbi Birnin - Kebbi Abubakar Atiku Bagudu N7,367,334,837 36. Nor th East Gombe Gombe Muhammad Inuwa Yahaya N6,803,064,814 37. North East Taraba Jalingo Darius Ishaku N6,533,106,447 TOTAL N1,334,226,010,276

Source: National Bureau of Statistics, www.nigerianstat.gov.ng Analysis By: REVENUE Magazine

13 Revenue Rankings

Internally Generated Revenue (IGR) in Nigerian States FASTEST GROWING STATES IN IGR IN 2019 NO. ZONE STATE IGR 2018 IGR 2019 GR OWTH 1. North East Yobe N4,382,259,456 N8,444,634,099 92.70% 2. North W est Zamfara N8,206,695,592 N15,416,043,400 87.85% 3. South W est Osun N10,381,663,678 N17,922,394,523 72.64% 4. North Central Ben ue N11,215,482,725 N17,850,480,386 59.16% 5. North East Adamaw a N6,204,876,666 N9,704,660,185 56.40%

6. North W est Kaduna N29,446,386,925 N44,956,576,583 52.67% 7. North W est Kebbi N4,881,961,006 N7,367,334,837 50.91% 8. North Central Kogi N11,334,113,743 N16,389,026,389 44.60% 9. North Central Nasaraw a N7,566,920,657 N10,858,822,423 43.50% 10. South East Enugu N22,145,937,216 N31,069,466,913 40.29% 11. North W est Jigaw a N9,246,250,836 N12,926,658,146 39.80% 12. South East Anambra N19,305,267,647 N26,369,195,865 36.59% 13. South-South Akwa Ibom N24,210,810,103 N32,291,014,772 33.37% 14. North Central Kwara N23,046,944,296 N30,646,731,409 32.98% 15. South W est Ekiti N6,465,374,251 N8,546,875,648 32.19% 16. North Central Plateau N12,726,479,548 N16,480,111,594 29.49% 17. South-South Cross Riv er N17,552,112,937 N22,597,063,883 28.74%

18. North East Borno N6,524,300,904 N8,175,248,326 25.30%

19. South-South Rivers N112,780,373,912 N140,398,744,303 24.49% 20. North Central Nig er N10,432,190,957 N12,765,034,972 22.36% 21. North W est Katsina N6,961,870,329 N8,496,742,119 22.05% 22. South W est Ondo N24,788,059,725 N30,135,881,9186 21.57% 23. South East Ebonyi N6,144,587,066 N7,455,294,676 21.33% 24. North East Bauc hi N9,690,832,178 N11,696,955,885 20.70% 25. South-South Bayelsa N13,636,545,717 N16,342,762,532 19.85% 26. North Central FCT N65,519,663,655 N74,564,180,835 13.80% 27. South-South Delta N58,439,598,672 N64,678,796,992 10.68% 28. North East Taraba N5,968,809,583 N6,533,106,447 9.45% 29. South W est Oy o N24,635,074,074 N26,746,460,236 8.57%

30. South East Imo N14,884,271,810 N16,095,299,621 8.14%

31. South W est Lag os N382,181,548,627 N398,732,246,493 4.33% 32. South-South Edo N28,425,496,842 N29,478,406,024 3.70% 33. North W est Sokoto N18,762,009,020 N19,005,093,541 1.30% 34. South East Abia N14,834,904,447 N14,769,307,659 -0.44% 35. North East Gombe N7,343,549,621 N6,803,064,814 -7.36% 36. North West Kano N44,107,375,284 N40,593,701,332 -7.97% 37. South West Ogun N84,554,199,594 N70,922,590,496 -16.12%

Source: National Bureau of Statistics, www.nigerianstat.gov.ng Analysis By: REVENUE Magazine

14 Revenue Rankings

Governors: The Fastest Growing States in IGR in 2019

YOBE ZAMFARA OSUN BENUE Mai Mala Buni Bello Mohammad Adegboyega Oyetola Samuel Ortom

ADAMAWA KADUNA KEBBI KOGI Ahmadu Umaru Fintiri Nasir Ahmad el-Rufai Abubakar Atiku Bagudu Yahaya Bello

NASARAWA ENUGU JIGAWA ANAMBRA BORNO Abdullahi Sule Ifeanyi Ugwuanyi Muhammad B. Abubakar Willie Obiano Babagana Umara Zulum

15 Revenue Rankings

Internally Generated Revenue (IGR) in Nigerian States MOST INDEPENDENT STATES IN REVENUE IN 2019 NO. STATE REVENUE 2019 FAAC 2019 IGR 2019 % IGR 1. Lagos N516,615,866,457 N117,883,619,964 N398,732,246,493 77.18% 2. Ogun N109,633,225,014 N38,710,634,518 N70,922,590,496 64.70% 3. FCT N146,469,449,837 N71,905,269,001 N74,564,180,835 50.91% 4. Rivers N298,848,039,090 N158,449,294,788 N140,398,744,303 46.98%

5. Osun N42,144,667,492 N24,222,272,968 N17,922,394,523 42.53%

6. Kwara N73,079,258,268 N42,432,526,859 N30,646,731,409 41.94% 7. Kaduna N112,057,483,887 N67,100,907,304 N44,956,576,583 40.12% 8. Cross River N58,909,943,121 N36,312,879,238 N22,597,063,883 38.36% 9. Enugu N83,054,409,883 N51,984,942,970 N31,069,466,913 37.41% 10. Ondo N88,062,930,800 N57,927,048,891 N30,135,881,918 34.22% 11. Kano N123,078,769,288 N82,485,067,955 N40,593,701,332 32.98% 12. Anambra N80,263,058,086 N53,893,862,221 N26,369,195,865 32.85% 13. Oyo N82,547,064,397 N55,800,604,161 N26,746,460,236 32.40% 14. Edo N94,158,096,170 N64,679,690,145 N29,478,406,024 31.31% 15. Plateau N58,704,347,785 N42,224,236,191 N16,480,111,594 28.07% 16. Zamfara N57,178,342,126 N41,762,298,727 N15,416,043,400 26.97% 17. Sokoto N74,481,479,367 N55,476,385,826 N19,005,093,541 25.52%

18. Benue N72,190,777,108 N54,340,296,718 N17,850,480,386 24.73% 19. Kogi N68,725,301,182 N52,336,274,793 N16,389,026,389 23.85% 20. Delta N283,961,690,922 N219,282,893,931 N64,678,796,992 22.78% 21. Imo N72,181,397,908 N56,086,098,287 N16,095,299,621 22.30% 22. Abia N66,809,176,283 N52,039,868,625 N14,769,307,659 22.10% 23. Nasarawa N55,724,681,874 N44,865,859,451 N10,858,822,423 19.49% 24. Niger N69,212,946,723 N56,447,911,751 N12,765,034,972 18.44% 25. Bauchi N64,054,080,225 N52,357,124,340 N11,696,955,885 18.26% 26. Jigawa N71,784,839,462 N58,858,181,316 N12,926,658,146 18.01% 27. Ekiti N49,833,061,578 N41,286,185,930 N8,546,875,648 17.15% 28. Adamawa N58,043,362,283 N48,338,702,097 N9,704,660,185 16.72% 29. Akwa Ibom N204,266,552,046 N171,975,537 ,275 N32,291,014,772 15.80%

30. Ebonyi N52,082,453,419 N44,627,158,742 N7,455,294,676 14.31% 31. Gombe N47,822,946,080 N41,019,881,265 N6,803,064,814 14.23% 32. Yobe N60,050,717,778 N51,606,083,679 N8,444,634,099 14.06% 33. Taraba N53,048,458,598 N46,515,352,151 N6,533,106,447 12.32% 34. Kebbi N60,270,587,743 N52,903,252,906 N7,367,334,837 12.22% 35. Katsina N71,753,647,683 N63,256,905,564 N8,496,742,119 11.84% 36. Borno N69,888,739,118 N61,713,490,792 N8,175,248,326 11.70% 37. Bayelsa N156,472,126,469 N140,129,363,937 N16,342,762,532 10.44%

Source: National Bureau of Statistics, www.nigerianstat.gov.ng Analysis By: REVENUE Magazine

16 Revenue Rankings

Governors: The Most Independent States in IGR in 2019

LAGOS OGUN FCT RIVERS Babjide Sanwo Olu Dapo Abiodun Muhammed Bello Ezenwo Nyesom Wike

OSUN KWARA KADUNA CROSS RIVER Adegboyega Oyetola AbdulRahman AbdulRazaq Nasir Ahmad el-Rufai Benedict Ayade

ENUGU ONDO KANO ANAMBRA Ifeanyi Ugwuanyi Rotimi Akeredolu Abdullahi Ganduje Willie Obiano

17 Numbers & Insights NOTES

Nigeria's Top 10 Export Destinations in Economic diplomacy dictates that Nigeria should the second quarter of 2020 (April - June) align its global diplomatic activities to suit its 1. Spain Western Europe N310.7bn 2. Netherlands Western Europe N243.7bn national economic interests. In this area, we think 3. China East Asia N220.3bn the posting of ambassadors and high 4. India South Asia N195.6bn commissioners to all our foreign diplomatic 5. South Africa Southern Africa N172.2bn missions should be constantly reviewed from 6. France Western Europe N120.2bn 7. Portugal Western Europe N81.3bn time to time. Our best and most talented hands 8. Togo West Africa N74.9bn should lead the missions of our most important 9. Singapore South East Asia N73.2bn trading partners as well the most strategic 10.Indonesia South East Asia N71.6bn countries in the different regions of the world. Source: www.nairalytics.com Adapted from National Bureau of Statistics, NBS These missions should naturally take priority in the budget considerations of the Nigerian Nigeria's Top 10 Import Destinations in Ministry of Foreign Affairs. the second quarter of 2020 (April - June) 1. China East Asia N1.26trn 2. USA North America N428.9bn 3. India South Asia N322.3bn 4. Netherlands Western Europe N202.9bn 5. Germany Western Europe N157.2bn 6. Brazil North America N103.9bn 7. Russia Eastern Europe N98.1bn 8. South Korea East Asia N87.9bn 9. UK Western Europe N80.9bn 10. Italy Western Europe N70.7bn Source: www.nairalytics.com Adapted from National Bureau of Statistics, NBS Nigeria's Top 10 Export Items in the second quarter of 2020 (April - June) 1. Crude Oil Oil & Gas N1.6trn 2. Natural Gas Oil & Gas N278.4bn 3. Floating vessels Transport Equipment N217.6bn 4. Cocoa Beans Agricultural Produce N30.6bn 5. Petroleum Gases Oil & Gas N25.9bn 6. Cashew Nuts Agricultural Produce N18.9bn 7. Sesamum Seeds Agricultural Produce N15.8bn 8. Cigarettes Consumer Goods N13.4bn 9. Urea Agricultural Produce N6.5bn 10. Liquefied Butanes Oil & Gas N4.9bn President Muhammadu Buhari Source: www.nairalytics.com Adapted from National Bureau of Statistics, NBS Nigeria's Top 10 Import Items the second quarter of 2020 (April - June) 1. Used Vehicles Transport Equipment N198.4bn 2. Durum wheat Agricultural Produce N161.4bn 3. Motorcycles Transport Equipment N92.1bn 4. Petrol Oil & Gas N87.1bn 5. Powdered Milk Consumer Goods N82.4bn 6. Herbicides Medical Goods N59.9bn 7. Machines for Recep. Industrial Equipment N58.3bn 8. Cane Sugar Agricultural Produce N43.3bn 9. Antibiotics Medical Goods N40.5bn 10. Steel, Coils, Etc Industrial Equipment N36.3bn Source: www.nairalytics.com Adapted from National Bureau of Statistics, NBS Geoffrey Onyeama, Minister of Foreign Affairs

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