These 4 Nigerian States recorded lower revenue in 2018 compared to 2017

May 6, 2019 3:23 PM

In 2018, four Nigerian states recorded a decline in internally generated revenue, according to the latest figures from the National Bureau of Statistics (NBS).

Cross river governor, Ben Ayade, President Muhammadu Buhari and other governors during the inaugurating a rice seedling plant in Calabar in 2018 (VON)

In its fourth-quarter report 2018 States and FCT IGR released last week, 32 Nigerian States including the Federal Capital Territory (FCT) generated a total of N1.1 trillion in the year.

Within the period, Lagos, Rivers and Sokoto made the highest returns in IGR.

ALSO READ: These are the 7 most indebted states in Nigeria

Business Insider Sub-Saharan Africa by Pulse's analysis of the report shows that if Nigerian states were business ventures, four states made a loss during the trading year of 2018 in IGR collection.

Nigeria's IGR for four States in 2018 vs 2017 (National Bureau Of Statistics) Pulse Nigeria

The states are:

1. Abia state

2017: N14.9 billion
2018: N14.8 billion

2. Benue state

2017: N12.3 billion
2018: N11.2 billion

3. Cross River state

2017: N18.1 billion
2018: N17.5 billion

4. Osun state

2017: N11.7 billion
2018: N10.3 billion

Aderemi Ojekunle

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