Breaking: Nigeria’s total IGR saw steep decline of -1.93% to N1.31trn in 2020 due to pandemic
April 16, 2021618 views0 comments
Recent data collected by the National Bureau of Statistics (NBS) on Friday morning shows that the total 2020 Internally Generated Revenue (IGR) by the 36 states of the federation contracted by -1.93 per cent year on year to N1.31 trillion from the N1.33 trillion generated in 2019. The decline is a result of the 2020 coronavirus pandemic which affected revenue generation by states across the federation.
The Highest revenues were recorded in Lagos (N418.9bn), Rivers (N117.18bn) and the FCT (N92.06bn) while the lowest revenue generated was recorded in Yobe (N7.77bn), Taraba (N8.11bn) and Adamawa (N8.33bn) states. Also, the highest year on year percentage growth in Kebbi, Ebonyi and lowest in Benue and Sokoto states respectively.