19 States Lack Automated IGR Collection System – Fed Govt
Only 17 states out of the 36 states of the federation have fully automated their Internally Generated Revenue collection systems, the Federal Government said on Thursday.
This implies that 19 states lack automated IGR collection systems.
The...
Lagos, Rivers, FCT, Delta Generate Nigeria’s 52.67% IGR In 2020
With the generation of 32.08 per cent, 8.97 per cent, 7.05 per cent and 4.57 per cent share of the 2020 Internally Generated Revenue (IGR) Lagos, Rivers, Federal Capital Territory (FCT) and Delta States respectively...
FAAC Allocation In 2020 Not Bad
Federation Accounts Allocation Committee (FAAC) revenue to the Federal Government, 36 states and 774 local governments fell by just five percent to N7.14 trillion in eleven months (January to November) from N7.46 trillion in the same period of 2019.
Going...
COVID-19: States’ IGR, Allocations Crash By N180.4bn
State governments may be currently grappling with varying degrees of financial concerns, following the N180.4bn crash in their internally generated revenues and the allocations they received from the Federation Accounts Allocation Committee.
An analysis of various IGR and FAAC...
Investments In 44 Free Trade Zones In Nigeria Nets $27bn
Nigeria’s investments in the 44 free trade zones across the country currently stand at over $27 billion, the Managing Director, Nigeria Export Promotion Zone Authority (NEPZA), Prof. Adesoji Adesugba, has said .
He said the investments...
COVID-19 Threatens African Countries’ IGR, Others
The coronavirus (COVID-19) pandemic; has threatened African countries’ internally-generated revenues (IGR) thereby impeding their ability to fund essential services in education, health and infrastructure sectors of the economy.
According to the 2019 Human Development Report, Africa will not be unable...
