Harboursandport.com: Lagos - The National Bureau of Statistics
Publishes Internally Generated Revenue at State level for Q3 2018 which shows a negative growth of -5.08% when compared to Q1 from Internally Generated Revenue (IGR) by the 36 states and the Federal Capital Territory, FCT.
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| Minister of Finance, Zainab Ahmed |
The Q3 2018 states and FCT Internally Generated Revenue (IGR) figure
hits N264.38bn compared to N279.78bn recorded in half year 2018. This indicates
a negative growth of -5.08% quarter on quarter.
Seventeen (17) States recorded growth
in IGR while twenty (20) states recorded decline in IGR quarter on quarter at
the end of Q3 2018.
The net FAAC allocation in Q3 2018 is
put at N1.82 trillion while the total revenue available to the states is put at
N2.72 trillion.
However, the value of foreign debt
stands at $4.22bn while domestic debt hits N3.38 trillion at the end of 2018
half year respectively.
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