INTERNALLY GENERATED REVENUE (Q1 & Q2 2019) V DOMESTIC DEBT FOR TOP 10 STATES
- According to the National Bureau of Statistics, Internally Generated Revenue at State level for Q1 & Q2 2019 for the 36 states and FCT IGR figure stands at N691.11bn in H1 2019 compared to N596.91bn recorded in H2 2018. This indicates a positive growth of 15.78%.
- Thirty-one (31) states and the FCT recorded growth in IGR while five (5) states recorded decline in IGR at the end of H1 2019.
From the data obtained, Lagos topped as the Sate with highest IGR.
- However, the value of foreign debt stands at $4.23bn while domestic debt hits N3.85 trillion at the end of the year 2018 respectively.
- In addition, Lagos state maintains its position as the most indebted state in Nigeria.