The National Bureau of Statistics on Tuesday, Nov 27, 2018, released the Internally Generated Revenue at State level report for Half Year 2018. with the country recording a total of N579.49bn generated, Brand Spur Nigeria reports.
In the report signed by the Statistician General of the Federation and Chief Executive, NBS, Dr. Yemi Kale and made available to Brand Spur Nigeria, the Bureau, said the half-year 2018 states and FCT IGR figure hits N579.49bn compared to N453.83bn recorded in half-year 2017. This indicates a growth of 27.7% year on year.
Twenty-eight (28) States recorded growth in IGR while eight (8) states which include (Abia, Anambra, Benue, Taraba, Kebbi, Kwara, Ebonyi and Enugu) recorded a decline at the end of 2018 Half Year.
The net FAAC allocation in half-year 2018 is put at N1.23 trillion while the total revenue available to the states is put at N1.74 trillion.
However, the value of foreign debt stands at $4.22bn while domestic debt hits N3.38 trillion at the end of 2018 half year respectively.