States’ IGR hits N324.59bn in Q4 of 2018 – NBS

#TrackNigeria-The National Bureau of Statistics (NBS) said the Internally Generated Revenue (IGR) of 36 states and the Federal Capital Territory (FCT) for fourth quarter 2018 was N324.59 billion compared to N264.34 billion recorded third quarter of the same year.

NBS disclosed this IGR at State Level for Fourth Quarter and Full Year 2018 posted its website.

The bureau said that the figure (N324.59 billion), indicated a positive growth of 22.79 per cent quarter--quarter and 24.82 per cent year--year

It said 31 states and the FCT recorded growth IGR while five states recorded decline IGR quarter--quarter at the end of fourth quarter, 2018.

The report said the net Federation Accounts Committee (FAAC) in fourth quarter 2018, was put at N2.56 trillion.

Meanwhile, the report said the total revenue available to the states including the FCT was N3.74 trillion in the quarter under review.

However, it said the value of debt stood at 4.23 billion dollars while domestic debt was N3.85 trillion at the end of the year 2018.

The states IGR was computed by the NBS and the Joint Tax Board from official records and submissions by the 36 State Boards of Internal Revenue.

These submissions were then validated and authenticated by the Joint Tax Board chaired by the Federal Inland Revenue Service.

The board has the NBS and the 36 State Boards of Internal Revenue as ()