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34 States Cannot Survive Without Federal Government Allocation-NBS Reports

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Inflation Rate Hits 18.17% On Rising Food Costs - NBS

Data made available by the National Bureau of Statistics (NBS) has revealed States received more than 50% of the total revenue from the federation accounts allocation committee (FAAC) in 2017.

Lagos and Ogun State were the only exceptions as they account for 21% and 25% respectively.

The data also reveled that 31 states were able to improved on the internally generated revenue in 2017, unlike five other states.

The states which experienced a decline in IGR were Anambra, Akwa Ibom, Osun, Taraba and Bauchi.

States generates revenues from payments of taxes and levies by residents and companies in the state. Other ways of generating revenues are through payments made for services provided by state ministries, departments and agencies.

“The full year 2017 state IGR figure hits N931.23bn compared to N831.19bn recorded in year 2016. This indicates a growth of 12.03% year on year,” the NBS report read.

Naija News learnt that Lagos amassed N333.96 billion, which represents a 10 percent increase from its 2016 IGR. This made it the state with the highest internally generated revenue.

Ebonyi recorded the highest year-on-year IGR growth at 117.88 percent.

States like Bayelsa, Sokoto, Enugu, Jigawa, Nasarawa, Gombe, Borno and Ekiti grew their IGR by more than 50 percent.

This means that majority of the states relied on federal allocations to pay workers.

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