States IGR Fell By N20bn To N1.31tn In 2020 -NBS

south-west-governors2 — Chairman, South West Governor's Forum and Ondo State Governor, Arakunrin Rotimi Akeredolu; his Osun State Counterpart, Mr. Gboyega Isiaka; Assistant Inspector General of Police, AIG Zone 11, Mr Leye Oyebade; Ogun State Governor, Prince Dapo Abiodun; Lagos State Governor, Mr. Babajide Sanwo-Olu; Deputy Inspector General of Police, Logistics and Supply, Mr Taiwo Lakanu; Ekiti State Governor, Dr. Kayode Fayemi and Oyo State Governor, Mr. Seyi Makinde during the Southwest Governors’ stakeholders' security summit with theme: "Focus On Western Nigeria", in Ibadan, on Tuesday, June 25, 2019.

States Internally Generated Revenue fell by N20bn to N1.31tn as of the end of 2020 from N1.33tn as of the end of 2019.

The National Bureau of Statistics disclosed in its report published on ‘Internally Generated Revenue at state level for fourth quarter and full year 2020’.

According to the report, the Q4, 2020 IGR for states and FCT also fell to N335.25bn from N338.57bn recorded in Q3, 2020.

It showed that Lagos still led the IGR with a figure of N418.99bn.

States Internally Generated Revenue fell by N20bn to N1.31tn as of the end of 2020 from N1.33tn as of the end of 2019.

The National Bureau of Statistics disclosed in its report published on ‘Internally Generated Revenue at state level for fourth quarter and full year 2020’.

According to the report, the Q4, 2020 IGR for states and FCT also fell to N335.25bn from N338.57bn recorded in Q3, 2020.

It showed that Lagos still led the IGR with a figure of N418.99bn.

“This indicates a negative growth of -0.98 per cent quarter on quarter.

“Lagos state has the highest Internally Generated Revenue with N418.99bn recorded, closely followed by Rivers with N117.19bn, while Yobe State recorded the least Internally Generated revenue.”

THE PUNCH

Post Views: 0