Browsing Tag
Internally Generated Revenues
2 posts
Tinubu cancels 40% IGR deduction policy for federal universities
President Bola Tinubu has announced the immediate cancellation of the automatic deduction of 40% from the internally generated revenues (IGR) of federal universities, citing the ill-timed nature of the policy.
Internal Revenue: Lagos generated more than 20 states combined in 2019 – Report
The Economic Confidential has released the Annual States Viability Index (ASVI) which shows that seven (7) States are insolvent as their Internally Generated Revenues (IGR) in 2019 were far below 10 per cent of their receipts from the Federation Account Allocations (FAA) in the same year.
The index showed that without the monthly disbursement from the Federation Account Allocation Committee (FAAC), many states remain unviable, and cannot survive without the federally collected revenue, mostly from the oil sector.