Seven states spent an average of 190 per cent of their Internally Generated Revenue (IGR) on debt servicing in the first quarter of 2025, a development that shows the worsening fiscal strain facing subnational governments. Data from the Q1 2025 Budget Implementation Reports of Bayelsa, Adamawa, Benue, Niger, Kogi, Taraba, and Bauchi states show that debt service expenditure in each …

The Lagos State Internal Revenue Service (LIRS) has been given a N1.4 trillion tax target revenue to enable the government implement its fiscal policies aimed at promoting socioeconomic growth. For a state that has been in the forefront of revenue generation rivalled only by the Federal Government, analysts believe the target is indeed realistic. The LIRS’s mission is to provide …

The Senior Special Assistant (SSA) to the Anambra State governor, Prof. Chukwuma Soludo, Amara Oyeka, on Internally Generated Revenue (IGR), has revealed that the state monthly IGR increased from N2.2 million in 2023 to N5.2 billion in 2024. Oyeka disclosed this on Thursday during the presentation and validation of the research activity carried out in 21 major markets across the …

The outgoing Chairman of Kaduna North Local Government Area, Muktar Baloni has emphasised the crucial role of Internally Generated Revenue in the success of local government administrations, particularly in urban areas. At his end-of-tenure presentation titled “Achievements, Challenges, and Recommendations,” held at the Council Secretariat, in Kaduna on Tuesday, Baloni stressed that IGR helped supplement shortfalls when federal funds were …