Lagos Generated N14billion In 1999 And Not N600m Claimed By APC – CBN

When Tinubu left office in 2007, the figure rose to N83.02 billion, a monthly average of N6.9 billion. Between 1999 and 2007, the IGR growth rate of Lagos stood at 468.63 percent, showing a considerable increase.

Akinyemi Ashade, former commissioner of finance in Lagos, disclosed in 2018 that the monthly average IGR of the state was N34 billion.

Going by the most recent IGR data by the National Bureau of Statistics (NBS), the 2021 half-year report shows that Lagos generated N267 billion in the first six months of 2021, a monthly average of N44.5 billion — not N51 billion quoted by Shettima.

Verdict
The IGR of Lagos in 1999 when Tinubu became governor was neither N600m monthly as widely circulated in the media nor N700m as Shettima claimed. Also, the current IGR of Lagos is not N51 billion but a monthly average of N44.5 billion. Both claims are false.