The National Bureau of Statistics, NBS, on Tuesday said the
Consumer Price Index which measures inflation dropped from 17.26 per cent in
March to 17.24 per cent in the month of April. The NBS in the report stated
that the 0.02 per cent points in inflation rate made it the third consecutive
month of decline in the CPI.
This is an indication that the high food and non-food prices
in the country, as well as the unfavourable base effects of the 2016 prices
have started easing out.
“This is the third consecutive month of a decline in the
headline CPI rate, exhibiting effects of some easing in the already high food
and non-food prices, as favourable base effects over 2016 prices.”
Recall that the NBS had released the Internally Generated
Revenue at State level for January to December 2016.
The statistics showed that Lagos State recorded the highest
Internally Generated Revenue (IGR) figure of N302.42bn in Full Year 2016.
Lagos with a population of above 20 million, earned
81,097,954,616.12 from federal allocation, FAAC.
The nation’s commercial hub was closely followed by Rivers
State with N85.29bn.
Ebonyi generated the lowest the Internally Generated
Revenue; the State generated N2.34bn.
NBS said a total of N801.95 bn was generated by 35 states
that have reported their Full Year 2016 Internally Generated Revenue figure.
The revenue was generated across the following types – PAYE,
Direct Assessment, Road Taxes, Revenue from Ministries, Departments and
Agencies and other taxes.
Lagos, Abia, Kano, Benue, Bauchi, Osun and Akwa Ibom emerged
top 7 earners of Self-Assessment tax across the country.
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