Economy

States Report 24.82% Increase in IGR to N324 Billion in Q4 2018

May 3, 2019/NBS

The National Bureau of Statistics Published Internally Generated Revenue at State level for 2018. 

The Q4 2018 states and FCT IGR figure hits N324.59bn compared to N264.34bn recorded in Q3 2018. This indicates a positive growth of 22.79% quarter on quarter and 24.82% Year on Year 

Thirty-one (31) states and the FCT recorded growth in IGR while five (5) states recorded decline in IGR quarter on quarter at the end of Q4 2018. 

The net FAAC allocation in Q4 2018 is put at N2.56 trillion while the total revenue available to the states including the FCT is put at N3.74 trillion. 

However, the value of foreign debt stands at $4.23bn while domestic debt hits N3.85 trillion at the end of the year 2018 respectively.

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