States’ IGR Dropped To N612.87bn In H1

The Internally Generated Revenue of states dropped to N612.87 billion in the first six months of 2020 from N693.91billion in the corresponding period of 2019, the National Bureau of Statistics has disclosed.
The NBS, yesterday in its report published on the ‘Internally Generated Revenue at state level for half year 2020’ said, “The 36 States and FCT’s IGR figure hits N612.87 billion in H 1 2020 compared to N 693.91 bn recorded in 2019.
“This indicates a negative growth of -11.7 per cent year on year.
“Similarly, the Q 2 2020 states and FCT IGR figure hits N259.73 bn compared to N 353.14 billion recorded in Q 1 2020.
“This indicates a negative growth of -26.5 % quarter on quarter”.
The NBS stated that Lagos State had the highest IGR with N 204.51 billion recorded in H 1 2020, closely followed by Rivers State with N64.59 billion, while Jigawa State recorded the least IGR.