Recent report published by the National Bureau of Statistics revealed that Internally Generated Revenue at State level for year 2020 dropped to N1.31 trillion.
According to the National Bureau of Statistics, the 36 states and FCT IGR figure hits N1.31 trillion in 2020 compared to N1.33 trillion recorded in 2019. This indicates a negative growth of -1.93% year on year.
Similarly, the Q4 2020 states and FCT IGR figure hits N335.25bn compared to N338.57bn recorded in Q3 2020. This indicates a negative growth of -0.98% quarter on quarter.
Lagos state has the highest Internally Generated Revenue with N418.99bn recorded, closely followed by Rivers with N117.19bn while Yobe State recorded the least Internally Generated revenue.