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 N823.16bn recorded in year 2016. This indicates a growth of 13.13%
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. .
(32) States recorded growth in IGR while four (4) states which includes (Akwa
Ibom, Bauchi, Osun and Taraba) recorded a decline at the end of 2017
Osun State 2017 IGR figure only accounts for nine (9) months. This will be updated
for the remaining three (3) months when available.
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
However, the value of foreign debt stands at
$19.9bn while domestic debt hits N3.35 trillion at the end of 2017 full year