| LAGOS STATE GOVERNMENT | |||||||
| DEBT MANAGEMENT OFFICE | |||||||
| COMBINED REVENUE AND DEBT SERVICES (FAAC AND IGR) NOVEMBER 2021 – OCTOBER 2022 | |||||||
| MONTH | FAAC ALLOCATION |
FAAC DEDUCTIONS |
IGR INCOME |
IGR DEDUCTION |
TOTAL ALLOCATION FAAC AND IGR | TOTAL DEDUCTIONS | |
| 1 | Nov-21 | 16,503,151,059.30 | 4,856,013,549.66 | 42,224,372,564.63 | 1,709,375,100.70 | 58,727,523,623.93 | 6,565,388,650.36 |
| 2 | 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 |
| 3 | 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 |
| 4 | 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 |
| 5 | 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 |
| 6 | 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 |
| 7 | 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 |
| 8 | 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 |
| 9 | 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 |
| 10 | 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 |
| 11 | 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 |
| 12 | 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 |
| 13 | Subtotal (May 2022 to October 2022) | 116,343,463,732.65 | 32,471,229,755.94 | 292,173,143,907.52 | 78,035,929,418.19 | 408,516,607,640.17 | 110,507,159,174.13 |
| 14 | TOTAL | 219,078,682,077.39 | 59,698,219,762.26 | 613,439,726,419.16 | 174,561,182,750.25 | 832,518,408,496.55 | 234,259,402,512.51 |
| 15 | November 2021 to October 2022 Average (12 Months) |
18,256,556,839.78 | 4,974,851,646.86 | 51,119,977,201.60 | 14,546,765,229.19 | 69,376,534,041.38 | 19,521,616,876.04 |
| 16 | Average 6 months (April,2022 to September 2022) |
19,390,577,288.78 | 5,411,871,625.99 | 48,695,523,984.59 | 13,005,988,236.37 | 68,086,101,273.36 | 18,417,859,862.36 |
| 17 | Debt Service to Revenue Ratio (%) |
27.25% | 28.46% | 28.14% | |||
| 18 | 6 months:Debt Service to Revenue Ratio (%) |
27.91% | 26.71% | 27.05% | |||
| Source: Debt Management Directorate 11/10/2022 | |||||||
