2021: Experts worry over low IGR as states budget N8.3tr

The 36 states of the federation have pegged N8.272 trillion for spending in 2021, just as 22 of them have raised their budgets by N1.3 trillion, while 14 cut theirs by N1.4 trillion, an analysis of the records have shown.

The N8.3 trillion budgeted by the states is about N5.316 trillion lower than the N13.588 trillion budget of the Federal Government assented to by President Muhammadu Buhari on Thursday.

The states’ budget figure also represents 61 percent of the federal budget figure, 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.

Read More:   https://dailytrust.com/2021-experts-worry-over-low-igr-as-states-budget-n8-3tr