The Internally Generated Revenue of the states dropped to N612.87bn in the first six months of 2020 from N693.91bn in the corresponding period of 2019.
The National Bureau of Statistics disclosed on Tuesday in its report published on the ‘Internally Generated Revenue at state level for half year 2020’.
The NBS stated that Lagos State had the highest IGR with N204.51bn or 33.37 per cent of total figure recorded in H1 2020, followed by Rivers State with N64.59bn or 10.54 per cent; while Jigawa State recorded the least IGR of N3bn or 0.49 per cent.
Part of the report read, “The 36 states and FCT IGR figure hits N612.87bn in H1 2020 compared to N693.91bn recorded in 2019.
“This indicates a negative growth of -11.7 per cent year on year.
“Similarly, the Q2 2020 states and FCT IGR figure hit N259.73bn compared to N353.14bn recorded in Q1 2020.
“This indicates a negative growth of -26.5% quarter on quarter.” (Punch)