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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 State level for Half Year 2020 that was published on Tuesday
The publication shows that the 36 states and FCT IGR figure hits N612.87bn in H1 2020 compared to N693.91bn recorded in 2019, indicating a negative growth of -11.7% year on year.
Similarly, the Q2 2020 States and FCT IGR figure hits N259.73bn compared to N353.14bn recorded in Q1 2020, indicating a negative growth of -26.5% quarter on quarter.
Lagos State has the highest Internally Generated Revenue with N204.51bn recorded in H1 2020, closely followed by Rivers State with N64.59bn while Jigawa State recorded the least Internally Generated Revenue.
Meanwhile, according to the IGR report, the 36 States of the Federation and the FCT received the total sum of N1,121,250,121,801.19 from the Federal Account Allocation Committee (FAAC), placing the total revenue available to States in the first half of 2020 at N1.7 trillion.