States face bleak future as revenue disappoints
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The Central Bank of Nigeria (CBN) provisional data for 2017 show that internally generated revenue (IGR) provided 25.6 percent of the total revenue of the 36 states and the Federal Capital Territory, compared with 30.2 percent the previous year. Aggregate IGR, however, increased to N765 billion from N746 billion in 2016. Lagos State emerged as…
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