Sunday, March 19, 2023
  • Home
  • Markets & Companies
  • Business & Economy
  • INNOVATION
  • EMPIRE
  • OPINION
  • CULTURAL CURRENTS
  • Features
  • AE Magazine
  • CORPORATE RENDEZVOUS
Financial Street
No Result
View All Result
  • Home
  • Markets & Companies
  • Business & Economy
  • INNOVATION
  • EMPIRE
  • OPINION
  • CULTURAL CURRENTS
  • Features
  • AE Magazine
  • CORPORATE RENDEZVOUS
Financial Street
No Result
View All Result

Negative growth hits Nigerian states’ IGR

Ehime Alex by Ehime Alex
April 16, 2021
in Economy
0
Negative growth hits Nigerian States’ IGR
2
SHARES
63
VIEWS
Share on FacebookShare on TwitterShare on LinkedInShare on WhatsApp

Nigeria’s 36 states and Federal Capital Territory generated N1.31tn as Internally Generated Revenue in 2020, compared to N1.33tn recorded in 2019, says the National Bureau of Statistics.

The statistics office disclosed this in its ‘Internally Generated Revenue At State Level’ report for fourth quarter and full year 2020, released on Friday.

READ ALSO

Preventing economic disaster after flooding 

Developing society through infrastructure

“This indicates a negative growth of -1.93 per cent year-on-year,” the NBS stated.

Read Also:

  • Ndi Enugu, wake up, shine your eyes
    Ndi Enugu, wake up, shine your eyes

The report shows that, on a quarter-on-quarter basis, the states and FCT generated a total of N335.25bn in Q4 2020, compared to N338.57bn recorded in Q3 2020, representing a negative growth of -0.98 per cent.

Lagos State recorded the highest IGR of N418.99bn in the review quarter, followed by Rivers State with N117.19bn and the FCT with N92.05bn, it indicated.

The report also showed that Yobe recorded the least IGR of N7.779bn, followed by Taraba N8.114bn; Adamawa N8.329bn; Gombe N8.537bn; Jigawa N8.667bn; and Ekiti N8.716bn.

Delta recorded N59.732bn; Kaduna N50.768bn; Ogun N50.749bn; Oyo N38.042bn; Kano N31.819bn; Akwa Ibom N30.696bn; Anambra N28.009bn; Edo N27.184bn; Ondo N24.848bn; and Enugu N23.650bn.

Also, Osun recorded N19.668bn; Kwara N19.604bn; Plateau N19.122bn; Zamfara N18.499bn; Kogi N17.357bn; Imo N17.081bn; Cross River N16.183bn; Abia N14.376bn; Kebbi N13.778bn and Ebonyi N13.591bn.

Benue recorded N10.463bn; Niger N10.524bn; Katsina N11.399bn; Borno N11.578bn; Sokoto N11.796bn; Bayelsa N12.180bn; Nasarrawa N12.476bn and Bauchi N12.502bn, the NBS data showed.

Tags: Economic growthrevenue generation

Get real time update about this post categories directly on your device, subscribe now.

Unsubscribe
Ehime Alex

Ehime Alex

Ehime Alex reports the Capital Market, Energy, and ICT. He is a skilled webmaster and digital media enthusiast.

Related Posts

Preventing economic disaster after flooding 
Economy

Preventing economic disaster after flooding 

October 17, 2022
Willie Obiano
Economy

Developing society through infrastructure

September 13, 2022
Nigeria sinks $50m in gold, others’ exploration
Economy

Nigeria sinks $50m in gold, others’ exploration

January 15, 2022
AfCFTA: Customs awaits committee's report on duties, other charges
Economy

How Nigeria will fast-track AfCFTA implementation, by Buhari

December 30, 2021
Nigeria’s economy faces Omicron’s hurdle
Economy

Nigeria’s economy faces Omicron’s hurdle

December 29, 2021
Nigeria’s erratic economic policies scare German investors
Economy

Nigeria’s erratic economic policies scare German investors

December 26, 2021
Next Post
Train 7 project: Nigeria to clampdown on erring expatriates

Train 7 project: Nigeria may sanction expatriates


Naira4Dollar Rates
ADVERTISEMENT

RECENT STORIES

Ndi Enugu

Ndi Enugu, wake up, shine your eyes

March 16, 2023
Nigeria

Peter Obi: A New Nigeria is Truly Possible

March 9, 2023
Enugu

Oby Onwe: Defying political odds in Enugu

March 4, 2023
fixpolitics

INEC has breached trust of Nigerians –FixPolitics

March 2, 2023
Monetary

Monetary policy: Nigeria on the road to India?

February 22, 2023
political

Restoring Nigeria’s economy with disruptive political class

February 22, 2023
Enugu West

Enechionyia advocates good governance for Enugu West

February 22, 2023

TRENDING

  • Ndi Enugu

    Ndi Enugu, wake up, shine your eyes

    0 shares
    Share 0 Tweet 0
  • Why Nigerian consumers prefer foreign goods

    0 shares
    Share 0 Tweet 0
  • The world of hire purchase transporters in Lagos

    2 shares
    Share 0 Tweet 0
  • What naira devaluation means for Nigeria’s economy

    0 shares
    Share 0 Tweet 0
  • Changing face of Nigeria’s financial industry with Optimus

    0 shares
    Share 0 Tweet 0
Financial Street

© Financial Street 2021. All Rights Reserved.

More Links

  • Privacy Policy
  • Terms of Use
  • Contact Us

Follow Us

No Result
View All Result
  • HOME
  • CONSUMER PERSPECTIVE
  • PERSONAL FINANCE
  • MARKETS & COMPANIES
    • APPOINTMENTS
    • COMMODITIES
    • COMPANIES
  • BUSINESS & ECONOMY
    • AGRICULTURAL ECONOMY
    • AGRO-ECONOMY
    • AVIATION
    • BRANDS
    • CONSUMER GOODS
    • ECONOMY
    • ENERGY
    • ENVIRONMENT
    • FINANCIAL INCLUSION
    • INSURANCE & PENSIONS
    • INVESTMENT
    • MANUFACTURING
    • MARITIME
    • MONEY
    • MSMEs
    • PRODUCT REVIEW
    • STARTUPS
  • CULTURAL CURRENTS
  • EMPIRE
  • CORPORATE RENDEZVOUS