States’ IGR Hits N324.59bn In Q4, 2018 – NBS

The National Bureau of Statistics (NBS) says the Internally Generated Revenue (IGR) of 36 states and the Federal Capital Territory (FCT) for fourth quarter 2018 was N324.59 billion compared to N264.34 billion recorded in third quarter of the same year.
NBS disclosed this in IGR at State Level for Fourth Quarter and Full Year 2018 posted on its website.
The bureau said that the figure (N324.59 billion), indicated a positive growth of 22.79 per cent quarter-on-quarter and 24.82 per cent year-on-year It said 31 states and the FCT recorded growth in IGR while five states recorded decline in IGR quarter-on-quarter at the end of fourth quarter, 2018.
The report said the net Federation Accounts Allocation Committee (FAAC) allocation in fourth quarter 2018, was put at N2.56 trillion.
Meanwhile, the report said the total revenue available to the states including the FCT was N3.74 trillion in the quarter under review.
However, it said the value of foreign debt stood at 4.23 billion dollars while domestic debt was N3.85 trillion at the end of the year 2018.