| LAGOS STATE GOVERNMENT | |||||||
| DEBT MANAGEMENT OFFICE | |||||||
| COMBINED REVENUE AND DEBT SERVICES (FAAC AND IGR) NOVEMBER 2022 – OCTOBER 2023 | |||||||
| MONTH | FAAC ALLOCATION |
FAAC DEDUCTIONS |
IGR INCOME |
IGR DEDUCTION |
TOTAL ALLOCATION FAAC AND IGR | TOTAL DEDUCTIONS | |
| 1 | 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 |
| 2 | 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 |
| 3 | 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 |
| 4 | 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 |
| 5 | 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 |
| 6 | 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 |
| 7 | 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 |
| 8 | 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 |
| 9 | 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 |
| 10 | 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 |
| 11 | Sep-23 | 36,391,861,988.89 | 11,539,420,082.65 | 65,316,883,239.70 | 33,858,935,392.80 | 101,708,745,228.59 | 45,398,355,475.45 |
| 12 | Oct-23 | 32,727,350,806.71 | 10,439,039,536.58 | 81,576,360,818.26 | 6,651,461,909.84 | 114,303,711,624.97 | 17,090,501,446.42 |
| Subtotal (May. 2023 to Oct. 2023) | 173,521,453,191.06 | 64,121,267,910.84 | 399,409,077,691.57 | 88,432,409,019.82 | 572,930,530,882.63 | 152,553,676,930.66 | |
| TOTAL Nov. 2022 to Oct. 2023) | 304,812,481,990.93 | 118,396,247,533.81 | 748,390,934,007.01 | 180,244,987,020.67 | 1,053,203,415,997.94 | 298,641,234,554.48 | |
| Nov. 2022 to Oct. 2023 Average (12 Months) |
25,401,040,165.91 | 9,866,353,961.15 | 62,365,911,167.25 | 15,020,415,585.06 | 87,766,951,333.16 | 24,886,769,546.21 | |
| Average 6 months (May. 2023 to Oct. 2023) |
28,920,242,198.51 | 10,686,877,985.14 | 66,568,179,615.26 | 14,738,734,836.64 | 95,488,421,813.77 | 25,425,612,821.78 | |
| 12 months:Debt Service to Revenue Ratio (%) |
38.84% | 24.08% | 28.36% | ||||
| 6 months:Debt Service to Revenue Ratio (%) |
36.95% | 22.14% | 26.63% | ||||
| Source: Debt Management Directorate 31/10/2023 | |||||||
