Internally Generated Revenue At State Level Q1 & Q2 2019
The National Bureau of Statistics Published Internally Generated Revenue at State level for Q1-Q2 2019. The 36 states and FCT IGR figure hits N691.11bn IN H1 2019 compared to N596.91bn recorded in H2 2018. This indicates a positive growth of 15.78%.
Thirty-one (31) states and the FCT recorded growth in IGR while five (5) states recorded decline in IGR at the end of H1 2019.
The net FAAC allocation in H1 2019 is put at N1.20 trillion while the total revenue available to the states including the FCT is put at N1.89 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.
Data source: National Bureau of Statistics