National Bureau of Statistics, NBS, has announced that the 36 States of the Federation and the Federal Capital Territory, Internally Generated Revenue, IGR, dropped by 1.93 per cent from N1.33 trillion to N1.31 trillion in fourth quarter (Q4) of 2020.
It was a negative growth, according to the Bureau, in its data titled “Internally Generated Revenue at State Level (Q4 & fully year 2020)”.
While the document revealed Lagos State recorded the highest IGR of N418.99 billion with Rivers following swiftly at N117.19 billion, Yobe state recorded the least IGR in the year under review.
NBS said: “The 36 states and FCT IGR figure hits N1.31trn in 2020 compared to N1.33trn recorded in 2019.This indicates a negative growth of-1.93 per cent year on year.
“Lagos state has the highest Internally Generated Revenue with N418.99bn recorded, closely followed by Rivers with N117.19 bn while Yobe State recorded the least Internally Generated revenue”.
The document noted that similarly, the Q4 2020 states and FCT IGR figure hits N335.25 billion compared to N338.57 billion recorded in Q3 2020.
“This indicates a negative growth of-0.98 per cent quarter on quarter,” it added.
