The National Bureau of Statistics (NBS) has disclosed that the Internally Generated Revenue (IGR) at State level recorded a negative growth of -1.93% in 2020.
Disclosing this in a recent report by NBS titled, ‘Internally Generated Revenue At State Level for Fourth Quarter and Full Year 2020.’, it stated that:
“The 36 states and FCT IGR figure hits N1.31trn in 2020 compared to N1.33trn recorded in 2019, indicating a negative growth of -1.93% year-on-year.
“Similarly, the Q4 2020 states and FCT IGR figure hits N335.25bn compared to N338.57bn recorded in Q3 2020. This indicates a negative growth of -0.98% quarter on quarter.
“Lagos state has the highest IGR with N418.99bn recorded, closely followed by Rivers withN117.19bn while Yobe State recorded the least internally Generated revenue.”.