States IGR Dropped In 2020 – NBS

By Rasaq Adebayo

The National Bureau of Statistics in its report published on ‘Internally Generated Revenue (IGR) at state level for fourth quarter and full year 2020’ stated that the States Internally Generated Revenue had dropped by N20bn to N1.31tn as at the end of 2020.

The States IGR dropped from N1.33tn recorded at the end of 2019 to N1.31tn.

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

The report read in part: “The 36 states and FCT IGR figure hits N1.31tn in 2020 compared to N1.33tn recorded in 2019.

“This indicates a negative growth of -1.93 per cent 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 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.”