Lagos State led the pack with N333.96 billion as the 36 states of the federation posted a total of N931.23billion internally generated revenue (IGR) in the 2017 fiscal year, the National Bureau of Statistics (NBS) has revealed in its just-released IGR 2017 report.
The latest figure represents a N100 billion rise over the 2016 figure of N831.19 billion, the NBS report explained.
Part of the report said, “The full year 2017 states IGR figure hits N931.23 billion compared to N831.19 billion recorded in the year 2016. This indicates a growth of 12.03 per cent year-on-year (yoy). At the end of the second half of 2017, total revenue generated by states was put at N432.65 billion as against N409.09 billion in the first half.” Read more