The National Bureau of Statistics (NBS) at the weekend announced that the 36 States of the Federation and the Federal Capital Territory (FCT) Internally Generated Revenue (IGR) dipped by 1.93 per cent from N1.33 trillion to N1.31 trillion in fourth quarter (Q4) 2020.
It was a negative growth, according to the Bureau in its data titled “Internally Generated Revenue at State Level (Q4 & fully year 2020)”.
The document revealed Lagos State recorded the highest IGR of N418.99 billion, Rivers N117.19 billion while Yobe recorded the least IGR in the year under review.
“Lagos state has the highest Internally Generated Revenue with N418.99bn recorded, closely followed by Rivers with N117.19 bn while Yobe State recorded the least Internally Generated revenue”.
The document noted that similarly, the Q4 2020 states and FCT IGR figure hits N335.25 billion compared to N338.57 billion recorded in Q3 2020.