| LAGOS STATE GOVERNMENT | |||||||
| DEBT MANAGEMENT OFFICE | |||||||
| COMBINED REVENUE AND DEBT SERVICES (FAAC AND IGR) SEPTEMBER 2022 – AUGUST 2023 | |||||||
| MONTH | FAAC ALLOCATION |
FAAC DEDUCTIONS |
IGR INCOME |
IGR DEDUCTION |
TOTAL ALLOCATION FAAC AND IGR | TOTAL DEDUCTIONS | |
| 1 | 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 |
| 2 | 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 |
| 3 | 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 |
| 4 | 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 |
| 5 | Jan-23 | 22,910,608,533.33 | 9,669,651,617.48 | 55,260,109,205.38 | 1,165,852,660.35 | 78,170,717,738.71 | 10,835,504,277.83 |
| 6 | Feb-23 | 23,433,630,690.65 | 10,022,114,264.22 | 51,951,581,594.35 | 1,975,713,532.01 | 75,385,212,285.00 | 11,997,827,796.23 |
| 7 | Mar-23 | 23,119,399,132.40 | 10,015,043,105.88 | 60,159,562,665.44 | 34,262,101,267.77 | 83,278,961,797.84 | 44,277,144,373.65 |
| 8 | Apr-23 | 18,302,388,851.11 | 10,019,814,515.07 | 64,292,168,509.53 | 6,412,060,400.90 | 82,594,557,360.64 | 16,431,874,915.97 |
| 9 | May-23 | 20,761,470,644.29 | 9,392,094,394.67 | 62,725,389,073.59 | 4,958,341,145.59 | 83,486,859,717.88 | 14,350,435,540.26 |
| 10 | Jun-23 | 23,023,897,842.08 | 9,382,037,172.58 | 59,561,365,274.38 | 29,923,862,551.00 | 82,585,263,116.46 | 39,305,899,723.58 |
| 11 | Jul-23 | 34,928,388,248.81 | 11,675,915,364.10 | 66,736,568,186.46 | 8,094,643,033.81 | 101,664,956,435.27 | 19,770,558,397.91 |
| 12 | Aug-23 | 25,688,483,660.28 | 11,692,761,360.26 | 63,492,511,099.18 | 4,945,164,986.78 | 89,180,994,759.46 | 16,637,926,347.04 |
| Subtotal (Mar. 2023 to Aug. 2023) | 145,824,028,378.97 | 62,177,665,912.56 | 376,967,564,808.58 | 88,596,173,385.85 | 522,791,593,187.55 | 150,773,839,298.41 | |
| TOTAL (Sept. 2022 to Aug. 2023) | 272,522,103,424.15 | 108,101,686,138.37 | 699,664,651,120.05 | 177,735,624,439.75 | 972,186,754,544.20 | 285,837,310,578.12 | |
| Sept. 2022 to August 2023 Average (12 Months) |
22,710,175,285.35 | 9,008,473,844.86 | 58,305,387,593.34 | 14,811,302,036.65 | 81,015,562,878.68 | 23,819,775,881.51 | |
| Average 6 months (Mar. 2023 to August 2023) |
24,304,004,729.83 | 10,362,944,318.76 | 62,827,927,468.10 | 14,766,028,897.64 | 87,131,932,197.93 | 25,128,973,216.40 | |
| 12 months:Debt Service to Revenue Ratio (%) |
39.67% | 25.40% | 29.40% | ||||
| 6 months:Debt Service to Revenue Ratio (%) |
42.64% | 23.50% | 28.84% | ||||
| Source: Debt Management Directorate 31/8/2023 | |||||||
