The National Bureau of Statistics says Internally Generated Revenue at State level for 2017 was N931.23bn compared to N831.19bn recorded in 2016.
This indicates a growth of 12.03% year on year.
At half year of 2017, total revenue generated by states was put at N432.65bn as against N409.09bn in the half year of 2016.
Thirty-one States recorded growth in revenue generation while five states which includes Akwa Ibom, Anambra , Bauchi, Osun and Taraba recorded a decline at the end of 2017 Fiscal Year.
However, the value of foreign debt stands at N6.80 trillion while domestic debt hits N3.35 trillion at the end of 2017.
“The net FAAC allocation in year 2017 is put at N1.73 trillion while the total revenue available to the states is put at N2.67 trillion.
“However, the value of foreign debt stands at $19.9bn while domestic debt hits N3.35 trillion at the end of 2017 full year respectively.
