News

FG’s Loan: States need 3times current IGR to offset debt burdens ― Report

Ihesiulo Grace 25 April 2021 0

In the face of declining Internally Generated Revenue (IGR) and remittances from the Federation Accounts Allocation Committee (FAAC), pieces of evidence abound that state governments in Nigeria will need an amount that is at least three times their present IGR to settle their debt obligations,

News

States IGR shrinks by 11.7% as debt portfolio nears ₦34tn

Ihesiulo Grace 7 October 2020 0

By Philip Clement and Joy Obakeye The Internally Generated Revenue (IGR) of 36 states and the Federal Capital Territory shrank by 11.7 per cent in the first half of 2020. According to the National Bureau of Statistics (NBS) which disclosed this in a report released in Abuja, the IGR in the first half-year of 2020 […]

News

Sokoto generates N41bn internal revenue in 3 years – Official

Ihesiulo Grace 20 February 2020 0

The Director Payee, Sokoto state Internal Revenue Service, Ibrahim Mijinyawa has said that about N41 billion has been collected as Internally Generated Revenue (IGR) from 2017 to 2019 in the state. Mijinyawa disclosed this at the stakeholders’ periodic reflection and action meeting on tax justice, gender responsive public service and breaking barriers project in Sokoto.

News

Edo councils get N3.069bn allocation in October, as IGR rises by 8.2%

Ihesiulo Grace 4 November 2019 0

The Edo State Joint Account and Allocation Committee (JAAC) has declared N3.069,711,638 as the total allocation accrued to the 18 Local Government Areas (LGAs) in the state from the Federation Account for the month of October and shared in November, 2019. Chairman, Oredo Local Government Area, Hon. Jenkins Osunde, disclosed this at the end of […]

Business Headlines

States, FCT IGR hit N579.490bn in 6 months

Ihesiulo Grace 28 November 2018 0

…Grow revenue by 27.7% in H1 2018 …As Lagos, Rivers, Ogun, FCT top IGR table …Get N1.23trn allocation from FAAC in first 6 months The 36 States of the federation and FCT have recorded an Internally Generated Revenue (IGR) of N579.490 billion in the first half of 2018, as against N453.833 billion posted in the […]

Business News

Plateau IGR hits N10b in 2017 — PSIRS Chairman

Ihesiulo Grace 26 January 2018 0

The Chairman of the Plateau Internal Revenue Service (PSIRS), Mr. Dashe Arlat on Wednesday said the board generated N10 billion in the year 2017. Speaking at a briefing with newsmen to review the 2017 activities and projections for the year 2018, Arlat said the target for the board was to generate N12 billion in 2017. […]

Business Money

Fidelity Bank, SystemSpecs partner for FG’s collections via *770#

Ihesiulo Grace 12 January 2018 0

Top Nigerian lender, Fidelity Bank Plc is championing a ground breaking innovation in the collection of internally generated revenue (IGR). Working in conjunction with SystemSpecs, a leading electronic financial transactions company and owners of Remita, Fidelity Bank has launched a more convenient collection and remittance of Federal Government Revenues via its

Business

IGR: Plateau generates N7.7bn in 9 months

Ihesiulo Grace 7 November 2017 0

The Plateau State Government says it generated N7.7 billion as Internally Generated Revenue (IGR) between January to September, 2017. Chairman, Plateau State Internal Revenue Service (PSIRS), Mr. Dashe Arlat told journalists in Jos, the state capital, yesterday, that the feat was achieved as a result of hard work by the government. Arlat described the collection […]

News

Lagos: 2017 budget will be IGR- driven, says Finance commissiomer

Ihesiulo Grace 9 January 2017 0

Lagos state Commissioner for Finance, Mr. Akinyemi Ashade, has given a breakdown of the N812.998bn 2017 Appropriation Bill, which was signed into law by Governor Akinwunmi Ambode on Monday. The breakdown came on the heels of the signing into law the 2017 appropriation bill as he addressed journalists in Alausa, Ikeja. According to Ashade who […]