Their parents are also facing tougher economic conditions with inflation rate galloping past 13%, after multiple devaluations and the removal of fuel subsidy. The Federal Capital Territory (FCT) ranks third with a total of N55.7 billion during the period under review. Last week, a Twitter user posted a tweet demanding a refund of his investment in Thrive Agric – almost a million naira. University students have also been at home for months, Their parents are also facing tougher economic conditions with inflation rate galloping past 13%, after multiple devaluations and the removal of fuel subsidy. The government also needs to introduce student loan schemes for millions of Nigerian youths, The National Assembly also needs to introduce laws that protect young Nigerians from police brutality. According to the NBS data, Zamfara generated N4.45 billion IGR between January and September 2018, while the state’s IGR rose to N10.59 billion in the same period in 2019. While the bank has everything to be thankful for, care should still be taken towards driving its growth objective. Lawdhavemercy. From demanding an end to SARS, prosecution of rogue police officers, and reforms; Protesters are more emboldened, threatening to continue if all their demands are not met. Fortunately, the agitation can still be managed but time is running out. READ: Nigerian Breweries’ Q1 earnings report shows profit decreased by 31.4% to N5.5 billion. The recorded IGR made by the states excludes the monthly allocation received from FAAC. We come to you. 2. This,  National Bureau of Statistics (NBS) said,  represents a negative growth of -11.7 per cent, year on year. AgriTech firms make promises of mouth-watering returns, but what they do not reveal loud enough is just how risky the investment is. The deductions from monthly allocation to states include external debt payment, bail-out fund, National water rehabilitation projects, National Agricultural Technology Programme, payment for fertilizer, state water supply project, State Agricultural Project and National Fadama Project. READ: Where to invest your N5m to N500m safely and securely. Other states that make up the top 10 states with the biggest IGR include Ogun (N52.8 billion), Delta (N49.5 billion), Kaduna (N28.14 billion), Akwa Ibom (N26.6 billion), Kano (N25.8 billion), Ondo (N24.5 billion) and Kwara (N24 billion). Anambra state’s N32.2B is unfair considering the topography,economy and astute nature of the.state. Download historical data for 20 million indicators using your browser. States in Nigeria generated the total sum of N986.2 billion Internally Generated Revenue (IGR) between January and September 2019. Profit after tax grew by 56.3%, from N31.6 billion to N49.5 billion year on year. The National Bureau of Statistics (NBS), says in the first half of 2019, the 36 states and the Federal Capital Territory (FCT) generated N691.11 billion as Internally Generated Revenue (IGR). Nigeria’s average yield per hectare is one of the lowest in the world, largely due to lack of farming inputs such as fertilizer, irrigation, and insecurity. READ: CAC to register companies within 48 hours, approve business name same day. READ: FIDELITY BANK PLC: Frail earnings outlook but valuations still attractive. According to data from the National Bureau of Statistics, Youth. could be more dire than a deeper recession. Explore Data on the Nairametrics Research Website. The Lagos State Government on Monday said that it has so far achieved an average monthly Internally Generated Revenue (IGR) of N34billion in 2018 compared to monthly averages of the last three years. economy into a recession and $3 billion in stimulus. for them to find a rallying point to vent their frustration. In a similar vein, the bank’s total assets was boosted by 14.9% year-to-date from ₦6.2 trillion as at Dec 2019 to ₦7.1 trillion in June, 2020. The government also needs to introduce student loan schemes for millions of Nigerian youths, who can’t afford to pay for quality university education. See fancy. Officers suspected of murdering innocent Nigerians need to be made to face justice. Anambra should compete with Lagos,Rivers and Ogun states if correct people are in-charge. 36 states’  Internally-Generated Revenue  half year (HI) 2020,  has dropped to N612.87 billion as against  N693.91 billion recorded in 2019. The latest, anger over the alleged violent killings and, have called for the unit to be disbanded and. NIGERIA’S 36 states’ Internally-Generated Revenue half year (HI) 2020, has dropped to N612.87 billion as against N693.91 billion recorded in 2019. It shows incompetency and lack of vision from those that are entrusted to stear the affairs of the state. To skip between groups, use Ctrl+LEFT or Ctrl+RIGHT. There is still a window for the government to de, and it is not just by accepting the terms of protesters on paper and making bogus pronouncements. Connect with him via his twitter handle. The latest IGR data released by the National Bureau of Statistics (NBS) disclosed. Nigeria September Inflation Rate at Over 2-1/2-Year High, Nigeria Private Activity Growth Slows in September, Nigeria Non Manufacturing Sector Extends the Decline, Nigeria Factory Activity Shrinks for 5th Month, Nigeria Unexpectedly Cuts Key Interest Rate to 11.5%, Nigeria Posts Widest Trade Gap in 8 Months, Nigeria GDP Contracts the Most since 2004, Fitch Revises Nigeria Credit Outlook to Negative, Italian Shares Drop to 1-Week Low as Milan Adds Curfew. Similarly, Rivers State generated the total sum of N107.02 billion IGR, representing 11% of total IGR. The study investigated the impact of internally generated revenue (IGR) on economic development of Nigeria. It is recommended that university administrators should be more transformative in their leadership style in order to strengthen their revenue base for effectiveness in University management. They wanted the police investigated and prosecuted for using excessive force, amnesty for protesters, and a right to vote for all. The internally generated revenue of the entire state is N85 billion per annum. “The data showed that Lagos state led the collection table with N263.25 billion, while Rivers collected N151.8 billion, Delta N145 billion, Akwa Ibom N106.7 billion and FCT N72.8 billion”. Post was not sent - check your email addresses! Figures released by the National Bureau of Statistics (NBS) indicated a dip in internally generated revenue, suggesting bad times for most businesses. Please enable scripts and reload this page. Within days, protesters went from a few thousands to over 2 million, the la, By the time the government decided to pull back the bill, were already demanding for more than just a, ice investigated and prosecuted for using, about 6 months only to be dissipated by social distancing requirements, -19 pandemic. Consumption Expenditure Pattern In Nigeria 2019: 3: 9: 10: 8072: FREQUENTLY ASKED QUESTIONS ON THE NIGERIAN LIVING STANDARDS SURVEY (NLSS) 1: 1: 2: 903: Poverty and Inequality in Nigeria 2019 : Executive Summary: 3: 9: 41: 17899: Before then, protesters had grounded the economy, which drove the Hong Kong economy into a recession and $3 billion in stimulus. Not only does it have a comfortable buffer against regulatory requirements; it has the available financial resources to look out for emerging business opportunities, and fully deepen its strengths in its core business areas. What contributed to the jump in IGR collection This is why when you visit their website and that of their competitors like Farmcrowdy (who pioneered this business) what you see are testimonials of just how well the investments are doing. Lekki Toll Gate shooting: Who is Brig. #ENDSARS does not just represent a protest against rogue Police officers; it is a symptom of the poor state of the economy, which for months has only gotten worse. Publish your articles and forecasts in our website. It also requires in Section 14 that they must publish on their website that “Investing through an online portal is risky and Issuers raising funds through the portal include new or rapidly growing ventures,” and that “Investment in the businesses hosted on the portal is very speculative and carries high risks; Investors may lose their entire investment and must be in a position to bear this risk without undue hardship.” This proposed compliance requirement is not been done by most AgriTech firms.

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