Business
Nigeria IGR decreases by 1.93 per cent to N1.31tr in 2020
The National Bureau of Statistics (NBS) at the weekend announced that the 36 States of the Federation and the Federal Capital Territory (FCT) Internally Generated Revenue (IGR) dipped by 1.93 per cent from N1.33 trillion to N1.31 trillion in fourth quarter (Q4) 2020.
It was a negative growth, according to the Bureau in its data titled “Internally Generated Revenue at State Level (Q4 & fully year 2020)”.
The document revealed Lagos State recorded the highest IGR of N418.99 billion, Rivers N117.19 billion while Yobe recorded the least IGR in the year under review.
NBS said: “The 36 states and FCT IGR figure hits N1.31trn in 2020 compared to N1.33trn recorded in 2019.This indicates a negative growth of-1.93 per cent year on year.
“Lagos state has the highest Internally Generated Revenue with N418.99bn recorded, closely followed by Rivers with N117.19 bn while Yobe State recorded the least Internally Generated revenue”.
The document noted that similarly, the Q4 2020 states and FCT IGR figure hits N335.25 billion compared to N338.57 billion recorded in Q3 2020.
NBS said “This indicates a negative growth of-0.98 per cent quarter on quarter”.
-
Sports3 days agoSenegal opens Dakar 2026 Youth Olympic Games, Africa’s first Olympic event
-
Latest5 days agoTinubu endorses Nigeria’s participation in 2026 World Travel Market London
-
Football4 days agoU-17 Women’s World Cup: Flamingos Beat Mexico to Reach Quarter-Finals
-
News1 week agoRugby: Borthwick Faces Key Selection Questions as World Cup Looms
-
Latest3 days agoNetanyahu, Eisenkot face coalition deadlock as Israel struggles to form new government
-
Business3 days agoNNPC’s N66-per-litre petrol discount set to end October 31
-
Featured4 days agoHow court ruling reshapes APC’s Imo West Senatorial contest
-
Crime1 week agoPassengers feared abducted on Kebbi-Abuja journey as viral video shows armed men threatening captives (VIDEO)