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Tag: Internally generated revenue

NIPC Generated N11.91bn IGR In Five Years

NIPC Generated N11.91bn IGR In Five Years     The Nigerian Investment Promotion Commission (NIPC) generated a total of N11.91 billion as Internally Generated Revenue (IGR) between January 2016 and June 2021, it disclosed in a recent report. The report also showed that of the amount realised in...

Monthly IGR grew By 7,400% In 22 years – Lagos

Monthly IGR grew By 7,400% In 22 years - Lagos   The Lagos State Government said on Monday that its Internally Generated Revenue grew by 7,400 per cent between 1999 and 2021. The Governor, Mr Babajide Sanwo-Olu, disclosed this at the 149th Joint Tax Board Meeting in...

Senate Panel Queries Spending Of Ministry’s N177m IGR, Suspends Defence

Senate Panel Queries Spending Of Ministry’s N177m IGR, Suspends Defence   The Senate Committee on Trade and Investment on Monday suspended the budget defence of the Federal Ministry of Trade and Investment over what it described as vague documentation of N177m being the 20 per cent...

Lagos Tops As States Half Year IGR Reaches N849.12bn

Lagos Tops As States Half Year IGR Reaches N849.12bn   The 36 states of the federation and Federal Capital Territory recorded a combined Internationally Generated Revenue in the first half of 2021, figures obtained from the National Bureau of Statistics revealed on Monday. The NBS Internally Generated...

States Generate N5.30trn, Get N10.19trn, Borrow N1.84trn In Five Years

States Generate N5.30trn, Get N10.19trn, Borrow N1.84trn In Five Years       The 36 states in Nigeria earned N5.30tn as internally generated revenue from 2016 to 2020. The states got N10.19tn from the Federation Accounts Allocation Committee within the time under review and borrowed N1.84tn from domestic...

That Poor IGR of Nigerian States, by E. E Okpa

That Poor IGR of Nigerian States, by E. E Okpa       According to Economic Confidential publication, Nigeria states + Abuja FCT, produced 1.3Trillion Naira in IGR Or an equivalent of about $2.5 Billion. IGR is statutory revenue states and local governments are authorized by law as supplement...