✕ CLOSE Online Special City News Entrepreneurship Environment Factcheck Everything Woman Home Front Islamic Forum Life Xtra Property Travel & Leisure Viewpoint Vox Pop Women In Business Art and Ideas Bookshelf Labour Law Letters
Click Here To Listen To Trust Radio Live

States’ IGR dips by 11.7% in first half of year 2020 — NBS

Second quarter 2020 states and FCT IGR figure dropped to N259.73 billion

The 36 states and FCT’s Internally Generated Revenues (IGRs) slumped by 11.7 percent to N612.87 billion in the first half of 2020 compared to N693.91 billion recorded in the first half of 2019.

The National Bureau of Statistics (NBS) released the IGR figures at State level for Half Year 2020 on Tuesday.

Similarly, the second quarter 2020 states and FCT IGR figure dropped to N259.73 billion compared to N353.14 billion recorded in the first quarter of 2020.

This indicates a negative growth of -26.5 per cent quarter on quarter.

Analysis of the report showed that Lagos State has the highest IGR with N204.51 billion recorded in the first half of 2020, closely followed by Rivers State with N64.59 billion.

Meanwhile, Jigawa State recorded the least Internally Generated Revenue in the first half of 2020.

VERIFIED: It is now possible to live in Nigeria and earn salary in US Dollars with premium domains, you can earn as much as $12,000 (₦18 Million).
Click here to start.