States generate ₦612.87 bn in first quarter of 2020 – NBS
NEWS DIGEST – The National Bureau of Statistics (NBS) has revealed that 36 states and the federal capital territory generated ₦612.87 as internally generated revenue (IGR) between January and June 2020.
This figure dipped by 11.7 per cent from the ₦693.9 billion generated by the states during the same period in 2019.
The NBS said this in its internally generated revenue at state level report for the first half of 2020 published Tuesday.
The bureau said Lagos State raked in the highest IGR with ₦204.51 billion within January and June.
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Rivers State placed in far second with ₦64.59 billion, followed by FCT with ₦35.2 billion, Delta State with ₦30.8 billion, and Ogun State ₦23.7 billion.
At the foot of the log are Yobe, Gombe, Adamawa, Ekiti, and Jigawa States which respectively earned ₦3.9 billion, ₦3.8 billion, ₦3.75 billion ₦3.2 billion, ₦3 billion.
The report also said in the second quarter of the year, the states and the FCT made ₦259.73 billion, a dip from ₦353.14 billion recorded in the first quarter.
“This indicates a negative growth of -26.5% quarter on quarter,” NBS wrote.
Meanwhile, in the whole of 2019, all the states made a combined revenue of ₦1.33 trillion.
