Internally Generated Revenue At State Level (Q3 2018)
The Q3 2018 states and FCT IGR figure hits N264.38bn compared to N279.78bn recorded in half year 2018. This indicates a negative growth of -5.08% quarter on quarter.
Seventeen (17) States recorded growth in IGR while twenty (20) states recorded decline in IGR quarter on quarter at the end of Q3 2018.
The net FAAC allocation in Q3 2018 is put at N1.82 trillion while the total revenue available to the states is put at N2.72 trillion.
However, the value of foreign debt stands at $4.22bn while domestic debt hits N3.38 trillion at the end of 2018 half year respectively.
Data source: National Bureau of Statistics