Tuesday, April 03, 2018 /03:25
PM / NBS
The National Bureau of Statistics Publishes Internally Generated Revenue at State level for 2017 Fiscal Year.
The full year 2017 state IGR figure hits N936.47bn compared to N823.16bn recorded in year 2016. This indicates a growth of 13.77% year on year.
At the end of H2 2017, total revenue generated by states was put at N453.83bn as against N482.64bn in H1 2017.
Thirty-three (33) States recorded growth in IGR while three (3) states which includes (Akwa Ibom, Bauchi and Taraba) recorded a decline at the end of 2017 Fiscal Year.
The net FAAC allocation in year 2017 is put at N1.73 trillion while the total revenue available to the states is put at N2.68 trillion.
However, the value of foreign debt stands at $19.9bn while domestic debt hits N3.35 trillion at the end of 2017 full year respectively.
Latest 2018 NBS Reports