Economy

States Generates N931.23 Billion IGR in 2017-NBS

 

The National Bureau of Statistics Publishes Internally Generated Revenue at State level for 2017 Fiscal Year.The full year 2017 state IGR figure hits N931.23bn compared to N831.19bn recorded in year 2016. This indicates a growth of 12.03% year on year.
At the end of H2 2017, total revenue generated by states was put at N432.65bn as against N409.09bn in H1 2017.

Thirty-one (31) States recorded growth in IGR while five (5) states which includes (Akwa Ibom , Anambra , Bauchi, Osun and Taraba) recorded a decline at the end of 2017 Fiscal Year.The net FAAC allocation in year 2017 is put at N1.73 trillion while the total revenue available to the states is put at N2.67 trillion.

However, the value of foreign debt stands at $19.9bn while domestic debt hits N3.35 trillion at the end of 2017 full year respectively.

Click here to download full PDF copy of report

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