The total Internally Generated Revenue, IGR, of States in the country rose slightly by N16 billion to N1.33 trillion as of the end of 2019 from N1.17 trillion at the end of the 2018 financial period.
This was disclosed on Friday by the National Bureau of Statistics, NBS, in its published report on ‘Internally Generated Revenue at State level report for fourth quarter and full year 2019′.
“The 36 States and FCT IGR figure hits N1.33 trillion in 2019 compared to N1.17 trillion recorded in 2018.
“This indicates a positive growth of 20.92 percent year on year.
“Similarly, the Q4 2019 States and FCT IGR figure hits N346.20 billion compared to N294.11 billion recorded in Q3 2019.
“This indicates a positive growth of 17.71 percent quarter on quarter.
“Lagos State has the highest Internally Generated Revenue with N398.73 billion recorded, closely followed by Rivers with N140.40 billion while Taraba State recorded the least Internally Generated revenue,” the report stated in part.