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These 4 Nigerian States recorded lower revenue in 2018 compared to 2017

In 2018, four Nigerian states recorded a decline in internally generated revenue, according to the latest figures from the National Bureau of Statistics (NBS).

Cross river governor, Ben Ayade, President Muhammadu Buhari and other governors during the inaugurating a rice seedling plant in Calabar in 2018 (VON)

In its fourth-quarter report 2018 States and FCT IGR released last week, 32 Nigerian States including the Federal Capital Territory (FCT) generated a total of N1.1 trillion in the year.

Within the period, Lagos, Rivers and Sokoto made the highest returns in IGR.

Business Insider Sub-Saharan Africa by Pulse's analysis of the report shows that if Nigerian states were business ventures, four states made a loss during the trading year of 2018 in IGR collection.

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The states are:

1. Abia state

  • 2017: N14.9 billion
  • 2018: N14.8 billion

2. Benue state

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  • 2017: N12.3 billion
  • 2018: N11.2 billion

3. Cross River state

  • 2017: N18.1 billion
  • 2018: N17.5 billion 

4. Osun state

  • 2017: N11.7 billion
  • 2018: N10.3 billion
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