Tag: IGR
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New revenue sharing formula coming soon – RMAFC
New revenue sharing formula coming soon – RMAFC
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IGR: Lagos tops other states with N418.99bn in 2020
Lagos State topped other states of the federation, including the Federal Capital Territory (FCT), in Internally Generated Revenue (IGR) in 2020, realising a total of N418.99 billion in the year. This is indicated in the National Bureau of Statistics’ Published Internally Generated Revenue for State level for Fourth Quarter and Full Year 2020. It showed…
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2021 Budget Defence: You must remit 25% of IGR or no deal, Reps Cttee tells MDAs
…turn down proposals by defaulting agencies The House of Representatives has declared that revenue generating agencies of government must remit the correct amount of their internally generated revenues which is 25 percent as stipulated by extant laws into the federation account. TheNewsGuru.com, (TNG) reports that the House made the declaration while attending to MDAs defending…
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Lagos records highest IGR of N204.5bn as all states, FCT’s hit N612.9 bn – NBS
The National Bureau of Statistics (NBS) says Lagos State recorded the highest Internally Generated Revenue (IGR) of N204.51 billion in the first half of 2020. The NBS made this known in its Internally Generated Revenue at State Level (H1 2020) report made available on its website on Tuesday. It said the second state with the…
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NBS: 36 States, FCT get N1.7trn in total revenue
The total revenue available for the 36 States of Nigeria and the Federal Capital Territory (FCT) to spend for the first half of 2020, being January to June has been placed at N1.7 trillion. TheNewsGuru.com (TNG) reports the National Bureau of Statistics (NBS) made this known with its report of Internally Generated Revenue (IGR) at…
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36 states, FCT generate N2.57 trillion net revenue
Fiscal Responsibility Commission (FRC) has put the total net revenue of the 36 states and Federal Capital Territory (FCT) at N2.57 trillion excluding the Internally Generated Revenue (IGR). Mr Victor Muruako, the Acting Chairman, FRC, disclosed this in the 2018 Annual Report and Audited Accounts of the commission and made available to News Agency of…
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Device ways to boast your IGR, Buhari charges governors
President Muhammadu Buhari on Thursday charged state governors to seek for ways to improve their Internally Generated Revenues (IGR). The first term administration of President Buhari had released series of bailout funds to state governments to meet up with their financial obligations in the face of economic recession. Buhari spoke while inaugurating the new National…
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Governors meet over rising insecurity, dwindling IGR
The Nigeria Governors’ Forum (NGF) is currently meeting in Abuja over issues of national interest including security and Internally Generated Revenue (IGR). The agenda of the meeting which started around 8 pm on Wednesday at the Forum’s Secretariat in Maitama Abuja, included feedback on the governors’ earlier meeting with President Muhammadu Buhari on Security matters.…
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New minimum wage: Osinbajo advises returning, governors elect to improve IGR
Vice President Yemi Osinbajo says there is the need for states to explore ways of improving their Internally Generated Revenue (IGR) in the next few years. Osinbajo said this on Monday at the opening of the Induction of New and Returning Governors at the State House Banquet Hall, Abuja. The induction was organised by the…
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States recorded N264.38bn IGR growth in Q3 2018 – NBS
The National Bureau of Statistics (NBS) in its states level Internally Generated Revenue records for Q3 2018 says States and Federal Capital Territory recorded N264.38bn as IGR in the third quarter of 2018, compared to N279.78bn recorded in the half-year of 2018. The report was released on Friday by the bureau This indicated a negative…