A sum of N424.02 billion was shared among eight oil-producing states in Nigeria in the year 2020 as part of 13% oil derivatives
The Federation Account Allocation Committee disbursed the sum of N601.11 billion to the three tiers of government in December 2020.
Lagos State has set a monthly IGR target of N60.31 billion to achieve optimal performance of the 2021 budget.
Makinde said the increase in IGR was also possible without increasing the tax burden on Oyo state residents.
IGR of the 36 states of the federation and FCT declined by 12% y/y to N612.87bn in H1 2020 from N693.91bn in H1 2019.
Meanwhile, a total of N3.33 trillion as being disbursed between January and May 2020.
The report showed that 33 states, including Abuja, recorded positive growth in revenue, while 4 states generated less in 2019 compared to 2018.
States in Nigeria generated the total sum of N986.2 billion Internally Generated Revenue (IGR) between January and September 2019.
States’ IGR hits N691 billion as Osun, others recorded biggest growth
The total Internally Generated Revenue (IGR) by all states in Nigeria hits N1.16tn in 2018. This is revealed is the full year IGR report released by...
