National Wire About Nigerians, Nigerian Business and Other Stories
Lagos Generates More IGR than 30 States Combined
Fourteen states are insolvent as their Internally Generated Revenues (IGR) in 2016 were far below 10 per cent of their Federation Account Allocations (FAA) in the same year. The index, which was released on Monday by Economic Confidential, an Economic Intelligence Magazine, showed that without the monthly disbursement from the Federation Account Allocation Committee (FAAC), many states are unviable, and …
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