WorldStage Newsonline– The Internally Generated Revenue (IGR) generated by states in Nigeria grew 12.03 per cent in 2017 to N931.23 billion from N831.19 billion recorded in year 2016, according to a new report by the National Bureau of Statistics (NBS).
The report showed that while 31 states recorded growth in IGR, five states which included Akwa Ibom , Anambra , Bauchi, Osun and Taraba recorded a decline at the end of 2017 Fiscal Year.
Altogether the report put the net Federal Account Allocation Committee (FACC) allocation to the 36 states in 2017 Fiscal Year at N1.73 trillion, while, the total revenue available to the states in the year was put at N2.67 trillion.
The report stated that at the end of second half of 2017, total revenue generated by states was put at N432.65billion as against N409.09 billion in first half of the year.
The report also put the value of foreign debt at end of the year at $19.9 billion with domestic debt put at N3.35 trillion.
