| LAGOS STATE GOVERNMENT | |||||||
| DEBT MANAGEMENT OFFICE | |||||||
| COMBINED REVENUE AND DEBT SERVICES (FAAC AND IGR) OCTOBER 2021 – SEPTEMBER 2022 | |||||||
| MONTH | FAAC ALLOCATION |
FAAC DEDUCTIONS |
IGR INCOME |
IGR DEDUCTION |
TOTAL ALLOCATION FAAC AND IGR | TOTAL DEDUCTIONS | |
| 1 | Oct-21 | 17,097,510,146.40 | 5,874,358,406.18 | 46,177,620,885.65 | 3,153,436,933.16 | 63,275,131,032.05 | 9,027,795,339.34 |
| 2 | Nov-21 | 16,503,151,059.30 | 4,856,013,549.66 | 42,224,372,564.63 | 1,709,375,100.10 | 58,727,523,623.93 | 6,565,388,650.36 |
| 3 | 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 | 27,058,852,842.57 |
| 4 | Jan-22 | 17,767,175,562.16 | 4,850,543,626.93 | 46,499,885,375.33 | 33,191,104,537.66 | 64,267,060,937.49 | 38,041,648,164.59 |
| 5 | 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 |
| 6 | Mar-22 | 15,681,859,291.42 | 3,917,220,516.82 | 57,261,884,452.60 | 22,659,507,358.68 | 72,943,743,744.02 | 26,576,727,875.50 |
| 7 | 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 |
| 8 | May-22 | 15,379,014,473.22 | 3,922,417,858.49 | 55,481,609,049.95 | 3,002,783,500.26 | 70,860,623,523.17 | 8,925,201,358.75 |
| 9 | June- 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 |
| 10 | 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 |
| 11 | 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 |
| 12 | Sept – 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 |
| 13 | Subtotal (April 2022 to September 2022) | 117,192,946,295.46 | 29,657,466,917.47 | 321,337,487,420.07 | 73,305,543,013.32 | 438,530,433,715.53 | 102,963,009,930.79 |
| 14 | TOTAL | 217,834,949,531.17 | 58,813,634,939.72 | 615,426,914,682.99 | 170,102,623,571.40 | 833,261,864,214.16 | 228,916,258,511.12 |
| 15 | October 2021 to September 2022 Average (12 Months) |
18,152,912,460.93 | 4,901,136,244.98 | 51,285,576,223.58 | 14,175,218,630.95 | 69,438,488,684.51 | 19,076,354,875.93 |
| 16 | Average 6 months (April,2022 to September 2022) |
19,532,157,715.91 | 4,942,911,152.91 | 53,556,247,903.35 | 12,217,590,502.22 | 73,088,405,619.26 | 17,160,501,655.13 |
| 17 | Debt Service to Revenue Ratio (%) |
27.00% | 27.64% | 27.47% | |||
| 18 | 6 months:Debt Service to Revenue Ratio (%) |
25.31% | 22.81% | 23.48% | |||
| Source: Debt Management Directorate 15/09/2022 | |||||||
