Negative growth hits Nigerian states’ IGR

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.

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

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.

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

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