| LAGOS STATE GOVERNMENT | |||||||
| DEBT MANAGEMENT OFFICE | |||||||
| COMBINED REVENUE AND DEBT SERVICES (FAAC AND IGR) DECEMBER 2021 – NOVEMBER 2022 | |||||||
| MONTH | FAAC ALLOCATION |
FAAC DEDUCTIONS |
IGR INCOME |
IGR DEDUCTION |
TOTAL ALLOCATION FAAC AND IGR | TOTAL DEDUCTIONS | |
| 1 | Dec-21 | 17,713,662,940.78 | 4,842,964,448.21 | 49,004,823,610.64 | 21,254,481,345.96 | 66,718,486,551.42 | 26,097,445,794.17 |
| 2 | Jan-22 | 17,767,175,562.16 | 4,850,543,626.93 | 47,419,251,108.45 | 24,192,700,126.21 | 65,186,426,670.61 | 29,043,243,753.14 |
| 3 | Feb-22 | 15,878,644,235.65 | 4,815,067,474.45 | 52,001,474,640.95 | 20,822,299,442.80 | 67,880,118,876.60 | 25,637,366,917.25 |
| 4 | Mar-22 | 15,681,859,291.42 | 3,917,220,516.82 | 57,261,884,452.60 | 25,664,787,609.25 | 72,943,743,744.02 | 29,582,008,126.07 |
| 5 | Apr-22 | 19,190,725,255.43 | 3,945,180,390.25 | 73,354,776,134.37 | 2,881,609,707.14 | 92,545,501,389.80 | 6,826,790,097.39 |
| 6 | 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 |
| 7 | 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 |
| 8 | 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 |
| 9 | 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 |
| 10 | 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 |
| 11 | 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 |
| 12 | 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 |
| 13 | Subtotal (June 2022 to November 2022) | 121,252,810,390.22 | 33,306,514,814.33 | 289,404,635,912.68 | 81,402,523,965.34 | 410,657,446,302.90 | 114,709,038,779.67 |
| 14 | TOTAL | 222,863,892,148.88 | 61,599,909,129.48 | 623,928,454,909.64 | 180,386,873,853.46 | 846,792,347,058.52 | 241,986,782,982.94 |
| 15 | December 2021 to November 2022 Average (12 Months) |
18,571,991,012.41 | 5,133,325,760.79 | 51,994,037,909.14 | 15,032,239,487.79 | 70,566,028,921.54 | 20,165,565,248.58 |
| 16 | Average 6 months (June,2022 to November 2022) |
20,208,801,731.70 | 5,551,085,802.39 | 48,234,105,985.45 | 13,567,087,327.56 | 68,442,907,717.15 | 19,118,173,129.95 |
| 17 | Debt Service to Revenue Ratio (%) |
27.64% | 28.91% | 28.58% | |||
| 18 | 6 months:Debt Service to Revenue Ratio (%) |
27.47% | 28.13% | 27.93% | |||
| Source: Debt Management Directorate 14/12/2022 | |||||||
