States got N1.73trn in 2017 NBS
News & Trends •
the fiscal allocation to the 36 states by the federal account allocation committee facc stood at n173 trillion in 20171 according to the national bureau of statistics nbs the total revenue available to the states in the year is put at n2.67 trillion1 internally generated revenue igr at state level for 2017 report published on the bureaus website1 according to the report the total revenue available to the states is in the year is put at n2.67 trillion1 meanwhile the nbs stated that the full year 2017 state igr figure was n931.23 billion compared to n831.19 billion recorded in year 20161 this the bureau stated it indicated a growth of 12.03 per cent year- on- year1 the report stated that at the end of second half of 2017 total revenue generated by states was put at n432.65billion as against n409.09 billion in first half of the year1 nbs stated that 31 states recorded growth in igr while five states which included akwa ibom anambra bauchi osun and taraba recorded a decline at the end of 2017 fiscal year1 however the bureau stated that the value of foreign debt stood at 19.9 billion dollars while domestic debt was n3.35 trillion at the end of the year respectively.nan1