States Generate N579.49bn as IGR in H1 2018, Says NBS

Must Read

How To Block Your Bank Account And SIM Card In Case Of Emergency

Losing your phone and wallet or having them stolen can be very frustrating. However, in case that happens to...

Free 250,000 FG/CAC Business Names Registration for MSMES

Business formalisation Support of the Micro, Small & Medium Enterprises (MSMEs) Survival Fund As part of Federal Government’s post-Covid-19 Pandemic...

List of United Bank for Africa (UBA) Sort Codes & Branches (with addresses) in Nigeria

The sort code is a number that usually identifies both the bank and the branch where an account is held. The sort...
- Advertisement -

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.

- Advertisement -

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. 

Download the Internally Generated Revenue at State level report for Half Year 2018. 

- Advertisement -
States Generate N579.49bn as IGR in H1 2018, Says NBS - Brand SpurStates Generate N579.49bn as IGR in H1 2018, Says NBS - Brand Spur

Subscribe to BrandSpur Ng

Subscribe for latest updates. Signup to best of brands and business news, informed analysis and opinions among others that can propel you, your business or brand to greater heights.

- Advertisement -

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Read Also:  Global online FMCG sales grow by 13%
States Generate N579.49bn as IGR in H1 2018, Says NBS - Brand SpurStates Generate N579.49bn as IGR in H1 2018, Says NBS - Brand Spur

Latest News

The First CCG Card Mobile Game with The Theme of Werewolf Killing” Werewolves Untamed” Officially Launched Today

KUALA LUMPUR, MALAYSIA - Media OutReach - 29 October 2020 - Today, the 1v1 confrontational reasoning competition CCG mobile game "Werewolves...

CUHK Business School Research Looks at Why Global Efforts to Move Production Away from China May Not Mitigate Supply Chain Risks

HONG KONG, CHINA - Media OutReach - 29 October 2020 - The unprecedented COVID-19 pandemic has posed severe challenges for the global economy and supply chains have been in the eye of...

7-Eleven’s Own Brand 7-SELECT New Product Update – Introducing Fish Meat Shao Mai with Spicy Chicken Flavoured Sauce and the Bee Bun with Red...

Heartfelt, Simple and Tasty HONG KONG, CHINA - Media OutReach - 28 October 2020 - Hongkongers lead hectic lifestyles and are always on the lookout to...

NEFIN establishes rooftop solar partnership with The Park Lane Hong Kong, a Pullman Hotel

10,493 kWh of clean energy to be generated per year HONG KONG, CHINA - Media OutReach - 28 October 2020 - Leading bespoke solar developer and asset management company NEFIN Solar...

Thailand’s Best Workplaces Honoured Amidst Pandemic

HR Asia Best Companies to Work For in Asia Awards celebrates caring side of Thai employers  BANGKOK, THAILAND - Media OutReach - 28 October 2020...
- Advertisement -
BrandsPur Weekly Cartoons
- Advertisement -States Generate N579.49bn as IGR in H1 2018, Says NBS - Brand SpurStates Generate N579.49bn as IGR in H1 2018, Says NBS - Brand Spur