Nigeria: States Generate N931.23bn As IGR in 2017 – NBS

By
Brand Spur
-
0
  • Poor IGR States: Borno, Ekiti, Kebbi, Bauchi and Yobe.
The National Bureau of Statistics Publishes Internally Generated Revenue at State level for 2017 Fiscal Year.The full year 2017 state IGR figure hits N931.23bn compared to N831.19bn recorded in the year 2016. This indicates a growth of 12.03% year on year.
In the report signed by the Statistician General of the Federation and Chief Executive, NBS, Dr Yemi Kaleand made available to BrandSpur Nigeria, the bureau said that at the end of H2 2017, total revenue generated by states was put at N432.65bn as against N409.09bn in H1 2017.
Thirty-one (31) States recorded growth in IGR while five (5) states which include (Akwa Ibom , Anambra , Bauchi, Osun and Taraba) recorded a decline at the end of 2017 Fiscal Year.The net FAAC allocation in the year 2017 is put at N1.73 trillion while the total revenue available to the states is put at N2.67 trillion.
However, the value of foreign debt stands at $19.9bn while domestic debt hits N3.35 trillion at the end of 2017 full year respectively.
Meanwhile, Lagos State remained steadfast in its number one position in IGR with a total revenue generation of N334bn which translate to about 36% of the total IGR.