| LAGOS STATE GOVERNMENT | |||||||
| DEBT MANAGEMENT OFFICE | |||||||
| COMBINED REVENUE AND DEBT SERVICES (FAAC AND IGR) MARCH 2020 – FEBRUARY 2021 | |||||||
| MONTH | FAAC ALLOCATION |
FAAC DEDUCTIONS |
IGR INCOME |
IGR DEDUCTION |
TOTAL ALLOCATION FAAC AND IGR | TOTAL DEDUCTIONS | |
| 1 | MARCH | 13,046,422,672.53 | 5,955,470,843.49 | 49,456,845,698.30 | 13,383,110,649.50 | 62,503,268,370.83 | 19,338,581,492.99 |
| 2 | APRIL | 15,254,680,735.46 | 5,455,470,843.48 | 27,978,764,356.93 | 378,283,616.82 | 43,233,445,092.39 | 5,833,754,460.30 |
| 3 | MAY | 13,053,064,903.83 | 5,455,470,843.48 | 30,422,925,069.74 | 3,951,191,718.08 | 43,475,989,973.57 | 9,406,662,561.56 |
| 4 | JUNE | 13,180,225,820.38 | 5,455,470,843.48 | 35,717,703,023.23 | 3,039,622,316.78 | 48,897,928,843.61 | 8,495,093,160.26 |
| 5 | July | 16,206,460,634.09 | 5,455,470,843.49 | 37,631,811,851.38 | 2,096,664,990.14 | 53,838,272,485.47 | 7,552,135,833.63 |
| 6 | August | 16,813,660,115.27 | 5,455,470,843.49 | 34,130,606,604.40 | 2,096,280,731.40 | 50,944,266,719.67 | 7,551,751,574.89 |
| 7 | September | 17,882,106,494.64 | 6,437,364,878.71 | 37,249,376,520.33 | 2,941,766,258.00 | 55,131,483,014.97 | 9,379,131,136.71 |
| 8 | October | 16,670,374,178.70 | 6,437,364,878.71 | 27,470,112,107.52 | 2,940,653,788.82 | 44,140,486,286.22 | 9,378,018,667.53 |
| 9 | November | 15,091,005,136.04 | 5,437,364,878.71 | 36,496,936,311.85 | 2,941,746,684.99 | 51,587,941,447.89 | 8,379,111,563.70 |
| 10 | December | 17,895,188,223.95 | 5,437,364,878.71 | 45,030,366,505.76 | 1,882,893,771.54 | 62,925,554,729.71 | 7,320,258,650.25 |
| 11 | Jan-21 | 16,182,371,342.88 | 5,438,141,678.30 | 42,050,978,083.15 | 1,882,893,771.54 | 58,233,349,426.03 | 7,321,035,449.84 |
| 12 | Feb-21 | 14,945,753,211.43 | 4,624,810,279.74 | 41,307,869,975.11 | 1,865,634,101.34 | 56,253,623,186.54 | 6,490,444,381.08 |
| 13 | Subtotal( September to february 2021) | 98,666,798,587.64 | 33,812,411,472.88 | 229,605,639,503.72 | 14,455,588,376.23 | 328,272,438,091.36 | 48,267,999,849.11 |
| 14 | TOTAL | 186,221,313,469.20 | 67,045,236,533.79 | 444,944,296,107.70 | 39,400,742,398.95 | 631,165,609,576.90 | 106,445,978,932.74 |
| 15 | AVERAGE (12 Months) |
15,518,442,789.10 | 5,587,103,044.48 | 37,078,691,342.31 | 3,283,395,199.91 | 52,597,134,131.41 | 8,870,498,244.40 |
| 16 | Average 6 Months from September to February 2021 | 16,444,466,431.27 | 5,635,401,912.15 | 38,267,606,583.95 | 2,409,264,729.37 | 54,712,073,015.23 | 8,044,666,641.52 |
| 17 | Debt Service to Revenue ratio(% |
36.00% | 8.86% | 16.86% | |||
| 18 | 6 months :Debt Service to Revenue ratio(% |
34.27% | 6.30% | 14.70% | |||
| Source: Debt Managemnt Directorate 15/03/2021 | |||||||
