| LAGOS STATE GOVERNMENT | |||||||
| DEBT MANAGEMENT OFFICE | |||||||
| COMBINED REVENUE AND DEBT SERVICES (FAAC AND IGR) MAY 2022 – APRIL 2023 | |||||||
| MONTH | FAAC ALLOCATION |
FAAC DEDUCTIONS |
IGR INCOME |
IGR DEDUCTION |
TOTAL ALLOCATION FAAC AND IGR | TOTAL DEDUCTIONS | |
| 1 | May-22 | 15,379,014,473.22 | 5,922,417,858.49 | 55,481,609,049.95 | 4,168,471,656.76 | 70,860,623,523.17 | 10,090,889,515.25 |
| 2 | Jun-22 | 24,784,873,653.80 | 4,904,601,536.83 | 46,646,578,069.20 | 29,886,102,481.51 | 71,431,451,723.00 | 34,790,704,018.34 |
| 3 | Jul-22 | 19,818,623,449.96 | 4,961,636,288.47 | 49,281,325,342.62 | 3,512,539,664.22 | 69,099,948,792.58 | 8,474,175,952.69 |
| 4 | Aug-22 | 19,532,117,926.85 | 4,998,675,848.36 | 42,596,670,274.75 | 2,467,780,893.97 | 62,128,788,201.60 | 7,466,456,742.33 |
| 5 | Sep-22 | 18,487,591,536.20 | 4,924,954,995.07 | 53,976,528,549.18 | 30,389,038,609.72 | 72,464,120,085.38 | 35,313,993,604.79 |
| 6 | Oct-22 | 18,341,242,692.62 | 6,758,943,228.72 | 44,190,432,621.82 | 7,611,996,112.01 | 62,531,675,314.44 | 14,370,939,340.73 |
| 7 | Nov-22 | 20,288,361,130.79 | 6,757,702,916.88 | 52,713,101,055.11 | 7,535,066,203.91 | 73,001,462,185.90 | 14,292,769,120.79 |
| 8 | Dec-22 | 23,236,640,461.59 | 7,790,653,203.44 | 64,605,333,285.63 | 40,461,783,935.90 | 87,841,973,747.22 | 48,252,437,139.34 |
| 9 | Jan-23 | 22,910,608,533.33 | 9,669,651,617.48 | 55,260,109,205.38 | 5,346,124,190.92 | 78,170,717,738.71 | 15,015,775,808.40 |
| 10 | Feb-23 | 23,433,630,690.65 | 10,022,114,264.22 | 51,951,581,594.35 | 3,339,504,064.43 | 75,385,212,285.00 | 13,361,618,328.65 |
| 11 | Mar-23 | 23,119,399,132.40 | 10,015,043,105.88 | 60,132,858,724.84 | 31,817,084,587.30 | 83,252,257,857.24 | 41,832,127,693.18 |
| 12 | Apr-23 | 18,302,388,851.11 | 10,019,814,515.07 | 64,388,114,489.75 | 4,637,800,155.95 | 82,690,503,340.86 | 14,657,614,671.02 |
| 13 | Subtotal (Nov. 2022 to April.2023) | 131,291,028,799.87 | 54,274,979,622.97 | 349,051,098,355.06 | 93,137,363,138.41 | 480,342,127,154.93 | 161,783,282,102.11 |
| 14 | TOTAL | 247,634,492,532.52 | 86,746,209,378.91 | 641,224,242,262.58 | 171,173,292,556.60 | 888,858,734,795.10 | 257,919,501,935.51 |
| 15 | May 2022 to April 2023 Average (12 Months) |
20,636,207,711.04 | 7,228,850,781.58 | 53,435,353,521.88 | 14,264,441,046.38 | 74,071,561,232.93 | 21,493,291,827.96 |
| 16 | Average 6 months (November 2022 to April 2023) |
21,881,838,133.31 | 9,045,829,937.16 | 58,175,183,059.18 | 15,522,893,856.40 | 80,057,021,192.49 | 26,963,880,350.35 |
| 17 | 12 months:Debt Service to Revenue Ratio (%) |
35.03% | 26.69% | 29.02 | |||
| 18 | 6 months:Debt Service to Revenue Ratio (%) |
41.34% | 26.68% | 33.68% | |||
| Source: Debt Management Directorate 27/3/2023 |
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