The Internally Generated Revenue (IGR) of states in Nigeria dropped to a new low in 2020, according to a new report published by the National Bureau of Statistics (NBS).
The 36 states and FCT IGR figure fell from N1.31trn in 2020 compared to N1.33trn recorded in 2019.
This indicates a negative growth of -1.93% year on year.
Similarly, the Q4 2020 states and FCT IGR figure reduced to N335.25bn compared to N338.57bn recorded in Q3 2020.
This indicates a negative growth of -0.98% quarter on quarter.
Lagos state recorded the highest Internally Generated Revenue with N418.99bn, closely followed by Rivers with N117.19bn while Yobe State recorded the least Internally Generated revenue. Highest YOY % growth in Kebbi, Ebonyi & Lowest in Benue & Sokoto.
See performance across the country:
States IGR data is computed by the National Bureau of Statistics and the Joint Tax Board from official records and submissions by the 36 State Boards of Internal Revenue. These submissions are then validated and authenticated by the Joint Tax Board which is chaired by the Federal
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