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Tuesday, 6 October 2020

States generate N162.87b in six months

 

States generate N162.87b in six months

· Lagos leads with N204.51b collection


States generate N162.87b in six months



National Bureau of Statistics


The 36 States of the Federation and the Federal Capital Territory (FCT) generated N162. 87bn in the first six months of 2020.


The National Bureau of Statistics disclosed this in a report Published Internally Generated Revenue (IGR) at State level for Half Year 2020.


According to the report, the “36 states and FCT IGR figure hits N612.87bn in H1 2020 compared to N693.91bn recorded in 2019.”


The NBS noted that this indicates a negative growth of -11.7 per cent year on year.


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It added in the Q2 2020 states and FCT IGR figure hits N259.73bn compared to N353.14bn recorded in Q1 2020.


NBS said this indicates a negative growth of -26.5 per cent quarter- on- quarter.


Lagos State, according to the report, recorded the highest Internally Generated Revenue with N204.51bn recorded in H1 2020, closely followed by Rivers with N64.59bn while Jigawa State recorded the least Internally Generated Revenue.


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