Oyo State Governor, Seyi Makinde, on Wednesday laid before the House of Assembly N294.51 billion Appropriation Bill for 2022 fiscal year for consideration, projecting that in the fiscal year the government has plans to generate N79.8 billion as Internally Generated Revenue (IGR).. Tagged “Budget of Growth and Opportunities”, the sum of N156 billion, representing 52.97 percent of […]
The Nigeria Extractive Industries Transparency Initiative (NEITI) has reported that no state in the country can totally finance its annual budget with its Internally Generated Revenue (IGR) and resources received from the Federation Accounts Allocation Committee (FAAC). The agency, in its latest edition of its quarterly magazine, noted that despite the substantial distributions to the […]
The 2018 Fiscal Sustainability Index (FSI) report by BudgIT, a civil organization committed to transparency and accountability in Nigeria’s public finance system, has seen Lagos State, the most economically vibrant state nationwide, losing its ranking by two points, dropping from 2nd position in 2017 to 4th position this year. The FSI analysed the fiscal condition […]