Internally Generated Revenue

Submitted by developer on Mon, 12/07/2015 - 05:13

 

Internally generated revenues (IGR) are revenues generated by States within the Nigerian federation, independent of their share of revenue from the federation account.

With the lingering economic struggles, there have been renewed calls for the Nigerian government to diversify the economy away from the oil and gas sector.

Unfortunately, Nigeria’s dependence on the oil sector is too critical and the effect of Nigeria’s dwindling oil revenue is damaging with reverberations beyond the Federal Government.

State Governments who depend primarily on statutory allocations from the federation account have found their ability to deliver the most basic public services (education, health, and others) to the citizenry hampered significantly.