Daily Trust - 2021: Experts worry over low IGR as states budget N8.3tr
Daily Trust reports. Twenty states, representing 56 percent, have signed their budgets into law, while 16 others or 44 percent were yet to do so as of Wednesday. A further analysis shows that whereas the federal budget of 2021 was raised by N505 billion from N13.082 trillion to N13.588 trillion, 14 cut down their budget figures by N1.4 trillion. According to the records, the N8.2 trillion states’ budget is just N99bn higher than the N8.173 trillion revised 2020 states’ budget. Just like the Federal Government, the states revised their 2020 budgets due to the COVID-19 pandemic which aff...
Source: dailytrust.com