Enugu Records 1,000% IGR Growth Enugu State Governor, Dr. Peter Mbah, has revealed that strategic economic and financial inclusion policies propelled the state’s Internally Generated Revenue from N30bn annually to a staggering N500bn, marking a 1,000 per cent growth. Mbah emphasised that Nigeria’s economic aspirations can...

According to a new report by BudgIT, a civic-tech organisation, 32 out of Nigeria’s 36 states have relied on allocations from the Federation Account Allocation Committee (FAAC) for at least 55% of their total revenue in 2023. 

FCT, States Generated N2.43trn IGR - NBS   The Federal Capital Territory (FCT) and the 36 states of the federation generated N2.43trillion Internally Generated Revenue (IGR) last year. The National Bureau of Statistics (NBS) made this known yesterday in its document titled: “Internally Generated Revenue At State...

New Minimum Wage May Push States into Bankruptcy — NGF Report As the nation awaits the new minimum wage promised to be sent to the National Assembly by President Bola Tinubu, the burden of implementing the minimum wage may make many states bankrupt. The Federal Executive...

Ondo Internal Revenue Rises to N40bn The Ondo State Government has disclosed that its Internally Generated Revenue has increased by 300 per cent to N40bn from N10bn. The Chairman of the Ondo State Internal Revenue Service, Mr Tolu Adegbie, stated this at the induction/training programme for...

FCT Tax Reforms Targets N300bn Annual Revenue   The Federal Capital Territory (FCT) is taking steps towards boosting its revenue streams. Currently, the FCT’s Internally Generated Revenue (IGR) is around N200 billion per year. With the implementation of these new initiatives, the FCT-IRS expects to increase IGR...