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36 States, FCT Raise ₦612.87bn IGR in First Quarter

Meanwhile, the 36 states of the federation and the Federal Capital Territory (FCT), have generated ₦612.

87 as Internally Generated Revenue (IGR) between January and June this year.

Nigerian Bureau of Statistics (NBS), in its internally generated revenue at state level report, disclosed that went down by 11.7 per cent from the ₦693.9 billion generated by states and FCT during the same period last yer.

The report published on Tuesday, stated that Lagos State realised the highest IGR of ₦204.51 billion between January and June.

Rivers state, according to the statistics, was placed second with ₦64.59 billion, followed by FCT with ₦35.2 billion, while Delta state got ₦30.8 billion to placed third and Ogun State ₦23.7 billion came fourth.

However,  Yobe, Gombe, Adamawa, Ekiti, and Jigawa states, earned ₦3.

9 billion, ₦3.8 billion, ₦3.75 billion ₦3.2 billion, ₦3 billion, respectively.

The report also said in the second quarter of the year, the states and the FCT made ₦259.73 billion, a dip from ₦353.14 billion recorded in the first quarter.

“This indicates a negative growth of -26.5% quarter on quarter,” NBS wrote.

Meanwhile, in the whole of 2019, all the states made combined revenue of ₦1.33 trillion.

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