Home Business IGR: 36 States, FCT Report 11.7% Decline in H1 2020, Says NBS

IGR: 36 States, FCT Report 11.7% Decline in H1 2020, Says NBS

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The National Bureau of Statistics (NBS) has disclosed that 36 States and FCT reported 11.7 per cent decline in Internally Generated Revenue (IGR) in Half-year (H1)ended June 30, 2020.

According to the bureau IGR report released on Tuesday, 36 states and FCT reported N612.87billion in H1 2020 compared to N693.91bn recorded in 2019.

The report stated: “Similarly, the Q2 2020 states and FCT IGR figure hits N259.73billion compared to N353.14billion recorded in Q1 2020. This indicates a negative growth of -26.5 per cent quarter on quarter.”

According to NBS, Lagos State has the highest IGR with N204.51billion recorded in H1 2020, closely followed by Rivers State with N64.59 billion while Jigawa State recorded the least IGR.

 

 

 

 

 

 

 

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