States generate less revenue in 1st quarter 2020 than 1st quarter 2019

The 36 states and the federal capital territory generated 612.87 billion as internally generated revenue (IGR) between January and June 2020, the nationstatistics bureau has said.

This figure dipped by 11.7 per cent from the 693.9 billion generated by the states during the same period in 2019.

The NBS said this in its internally generated revenue at the state-level report for the first half of 2020 published on Tuesday.

The bureau said Lagos raked in the highest IGR with 204.51 billion within January and June.

The report also said in the second quarter of the year, the states and the FCT made 259.73 billion, a dip from 353.14 billion recorded in the first quarter.

Meanwhile, in the whole of 2019, all the states made a combined revenue of 1.33 trillion.

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