• Home
  • Anti-Corruption
  • Fact-Check
  • Economy
  • National
    • Government
  • Security
  • Features
  • State
  • Event
    • PR Nigeria Award
  • E-Paper
Search
  • Home
  • About
  • Adverts
  • Contact
Sign in
Welcome! Log into your account
Forgot your password? Get help
Password recovery
Recover your password
A password will be e-mailed to you.
PRNIGERIA PRNigeria News
PRNIGERIA PRNIGERIA
  • Home
  • Anti-Corruption
    • Mohammed Idris Malagi, Honorable Minister of Information and National Orientation

      FG Reaffirms Non-Interference in ICPC, EFCC Operations

      ICPC Secures Conviction of Rector for Running Unaccredited Degree Programmes

      Engr Abba Babagana Dalori

      Engr Dalori Forfeits Galaxy Hospital, Petrol Station, Properties & Cash

      Chinese nationals jailed in Lagos

      Court Jails Nine Chinese Nationals for Cybercrime in Lagos

      ASUU

      Tackle Corruption, Institutional Decay – ASUU Charges FG

  • Fact-Check
  • Economy
    • NUPENG

      NUPENG Suspends Strike After Truce With FG, Labour, Oil Stakeholders

      Customs, Defence Bureau Unveil Airboat for Smuggling War

      Customs Begins Live Operations of Automated Excise Register System

      Still on the “National Single Window” Project By Abdulsalam Mahmud

      Minister of Finance Wale Edun and the Comptroller General of Customs Bashir Adeniyi decorating OP Olaniyan

      Customs Generates N3.7trn in H1 2025 as FG Targets Enhanced Private…

  • National
    • Professor Isa Ali Ibrahim Pantami and Nafisa Abdullah Aminu

      Global Winner Nafisa Visits Professor Isa Pantami

      Officers of NSCDC Mining Marshals

      Mining Marshals and the Fight for Nigeria’s Mineral Future By Zekeri…

      NIPR President Ike Neliaku

      NIPR Inducts 422 New Members, Urges Commitment to National Unity

      Ahmed Balarabe Sa'id

      Renewed Hope and the Broadening Public Sphere By Ahmed Balarabe Sa’id

      The Minister of Education, Dr. Tunji Alausa

      FG to Schools: Get Certified Teachers or Lose WAEC Accreditation

    • Government
      • Bauchi Muslim Parliament

        Bauchi Muslim Parliament Backs Senator Buba’s Peace Efforts

        Professor Isa Ali Ibrahim Pantami and Nafisa Abdullah Aminu

        Global Winner Nafisa Visits Professor Isa Pantami

        Charlie Kirk

        Who Really Killed Charlie Kirk? By Femi Fani-Kayode

        Governor Kabir Abba Yusuf and the conjoined twins

        Kano Separated Conjoined Twins Return Home After Successful Surgery in S/Arabia

        Governor Abba Kabir Yusuf, Kano State

        Kano Government Approves ₦1.1bn for School Uniforms to Tackle Out-of-School Children…

  • Security
    • airforce helicopter

      NAF Airstrikes Destroy Bandit Hideout in Chikun

      Nigerian Troops Eliminate Notorious Bandit Deputy Commander in Kogi

      Police Officer

      Police Arrest 56 Suspects in Coordinated Raids Across FCT

      Military Troops in Action

      Military Eliminates Terrorist Commanders in Yobe, Foil Attacks in Sokoto, Zamfara

      court Judiciary

      Court Okays DSS Request to Accelerate Trial of Al-Barnawi, 4 Other…

  • Features
    • Charlie Kirk

      Who Really Killed Charlie Kirk? By Femi Fani-Kayode

      Officers of NSCDC Mining Marshals

      Mining Marshals and the Fight for Nigeria’s Mineral Future By Zekeri…

      Omoyele Sowore, Bayo Ononuga and Adeola Ajayi

      Sowore’s Provocation, Onanuga’s Plea and the DSS Overreach

      Ahmed Balarabe Sa'id

      Renewed Hope and the Broadening Public Sphere By Ahmed Balarabe Sa’id

      Traffic officials tolling the vehicle at the scene in Abuja

      SPECIAL REPORT: Extortion, Blood and Impunity Behind Abuja’s Agbero Menace

  • State
    • Bauchi Muslim Parliament

      Bauchi Muslim Parliament Backs Senator Buba’s Peace Efforts

      airforce helicopter

      NAF Airstrikes Destroy Bandit Hideout in Chikun

      Police Officer

      Police Arrest 56 Suspects in Coordinated Raids Across FCT

      Charlie Kirk

      Who Really Killed Charlie Kirk? By Femi Fani-Kayode

      Military Troops in Action

      Military Eliminates Terrorist Commanders in Yobe, Foil Attacks in Sokoto, Zamfara

  • Event
    • Prof. Abubakar Mu’azu

      UNIMAID appoints Prof. Mu’azu as Pioneer Dean, Faculty of Communication

      NIPR President Ike Neliaku

      NIPR Inducts 422 New Members, Urges Commitment to National Unity

      Baze University Management visits TETFUND, Showcases Tech-Driven Growth, National Impact

      PHOTOS: BUK Alumni Association Launches Digital Hub to Unite Global Graduates,…

      Founder Image Merchant Promotion Ltd, Yushau Shuaib, Nigeria Customs CG, CGC Bashir Adewale Adeniyi and the IPRA representative during the 2024 GWA awards in Belgrade, Serbia

      Again, ​IPRA Shortlists Nigeria Customs, IMPR for Golden World Awards, Celebrates…

    • PR Nigeria Award
  • E-Paper
Home Economy ASVI 2017: States Generate N931bn, Only 8 Economically Viable, 17 States are...
  • Economy
  • State

ASVI 2017: States Generate N931bn, Only 8 Economically Viable, 17 States are Insolvent

By
Prnigeria
-
April 29, 2018
Lagos
Akinwunmi-Ambode lagos Governor

Annual States Viability Index ASVI: 36 States Generate N931bn IGR Against N3.3trn from Federation Account
… Lagos Generates More IGR than 30 States Combined
…. Economic Viable States: Lagos, Ogun, Rivers, Edo, Kwara, Enugu, Kano and Delta States
… Poor IGR States: Bauchi, Yobe, Borno, Kebbi and Katsina States
The Economic Confidential has released its Annual States Viability Index ( ASVI) which shows that seventeen (17) States are insolvent as their Internally Generated Revenues (IGR) in 2017 were far below 10% of their receipts from the Federation Account Allocations (FAA) in the same year.

The index carefully and painstakingly computed proved 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.

The IGR are generated by states through Pay-As-You-Earn Tax (PAYE), Direct Assessment, Road Taxes and revenues from Ministries, Departments and Agencies (MDA)s.

The report by this economic intelligence magazine further indicates that the IGR of Lagos State of N333bn is higher than that of 30 States put together whose Internally Generated Revues are extremely low and poor compared to their allocations from the Federation Account.

The states with impressive over 30% IGR apart from Lagos are Ogun, Rivers, Edo, Kwara, Enugu and Kano States who generated N607bn in total, while the remaining states merely generated a total of N327bn in 2017.

Recently the magazine published the total allocations received by each state in Nigeria from the Federation Account Allocation (FAA) between January to December 2017. The latest report on IGR reveals that only Lagos and Ogun States generated more revenue than their allocations from the Federation Account by 165% and 107% respectively and no any other state has up to 100% of IGR to the federal largesse.

The IGR of the 36 states of the federation totalled N931bn in 2017 as compared to N801.95 billion in 2016, an increase of N130 billion.

While the report provides shocking discoveries the states with less than 10% IGR have jumped to 17 from 14 states in the previous year 2016. The poor states may not stay afloat outside the Federation Account Allocation due to socio-political crises including insurgency, militancy, armed-banditry and herdsmen attacks. Other states lack foresight in revenue generation drive coupled with arm-chair governance.

Read Also:

  • Bauchi Muslim Parliament Backs Senator Buba’s Peace Efforts
  • Global Winner Nafisa Visits Professor Isa Pantami
  • NAF Airstrikes Destroy Bandit Hideout in Chikun

The states that may not survive without the Federation Account due to poor internal revenue generation are Bauchi which realized a meagre N4.3bn compared to a total of N85bn it received from the Federation Account Allocation (FAA) in 2017 representing about 5%; Yobe with IGR of N3.59bn compared to FAA of N67bn representing 5.33%; Borno N4.9bn compared to FAA of N92bn representing 5.41%; Kebbi with IGR of N4.39bn compared to N76bn of FAA representing 5.77% and Katsina with IGR of N6bn compared to N103bn of FAA representing 5.8% within the period under review.

Other poor internal revenue earners are Niger which generated N6.5bn compared to FAA of N87bn representing 7.43%; Jigawa N6.6bn compared to FAA of N85bn representing 7.75%; Imo N6.8bn compared to FAA of N85bn representing 8.1% and Akwa Ibom N15bn compared to FAA of N197bn representing 8.06%, Ekiti N4.9bn compared to FAA of N59bn representing 8.38%; Osun N6.4bn compared to FAA of N76bn representing 8.45 %, Adamawa N6.2bn compared to FAA of N72.9bn representing 8.49%, Taraba N5.7bn compared to FAA of N66bn representing 8.70% and Ebonyi N5.1bn compared to FAA of N57.8bn representing 8%.

Meanwhile, Lagos State remained steadfast in its number one position in IGR with a total revenue generation of N333bn compared to FAA of N201bn which translate to 165% in the twelve months of 2017. It is followed by Ogun State which generated IGR of N74.83bn compared to FAA of N69bn representing 107%. Others with impressive IGR include Rivers with N89bn compared to FAA of N178bn representing 50%; Edo with IGR of N25bn compared to FAA of N75bn representing 33%. Kwara State however with a low receipt from the Federation Account has greatly improved in its IGR of N19bn compared to FAA of N61bn representing 32% while Enugu with IGR of N22bn compared to FAA of N69bn representing 32%. Kano generated N42bn compared to FAA of N143bn representing 30% while Delta State earned N51bn IGR against FAA of N175bn representing 29%.

The Economic Confidential ASVI further showed that only three states in the entire Northern region have IGR above 20%. They are Kwara, Kano, and Kaduna States. Meanwhile ten states in the South recorded over 20% IGR in 2017. They are Lagos, Ogun, Rivers, Edo, Enugu, Delta, Cross River, Anambra, Oyo and Abia States.

The states with the poorest Internally Generated Revenue of less than 10% in the South are Bayelsa, Ebonyi, Osun, Ekiti, Akwa-Ibom and Imo States while in the North we have Gombe, Zamfara, Taraba, Adamawa, Jigawa, Niger, Katsina, Kebbi, Borno, Yobe and Bauchi States

Meanwhile, the IGR of the respective states can improve through aggressive diversification of the economy to productive sectors rather than relying on the monthly Federation Account revenues that largely come from the oil sector.

The Table: https://economicconfidential.com/wp-content/uploads/2018/04/EC-ASVI-Annual-State-Viability-Index-2017.pdf

NOTE: The Economic Confidential is a sister publication of the PRNigeria

By PRNigeria

VISIT OUR OTHER WEBSITES
PRNigeria.com EconomicConfidential.com PRNigeria.com/Hausa/
EmergencyDigest.com PoliticsDigest.ng TechDigest.ng
HealthDigest.ng SpokesPersonsdigest.com TeensDigest.ng
ArewaAgenda.com Hausa.ArewaAgenda.com YAShuaib.com
  • TAGS
  • (IGR)
  • Annual States Viability Index
  • ASVI
  • Economic Confidential
  • Federation Account
  • Insolvent
  • Nigeria
Previous articleNigerian Army Commences Operation Last Hold
Next articleFG Inaugurates Project Steering Commitee on NACAP
Prnigeria
Prnigeria
https://prnigeria.com
PRNigeria is the pioneer Press Release Distribution agency in Nigeria. A member of image Merchant Promotions limited, PRNigeria encourages individuals and organisations to be more transparent in their information management. with dedicated Editorial staffs, the PRNigeria ensures that information provided on its platforms are timely, factual and authoritative Read more at: //prnigeria.com/about/
Facebook Twitter

RELATED ARTICLESMORE FROM AUTHOR

Bauchi Muslim Parliament

Bauchi Muslim Parliament Backs Senator Buba’s Peace Efforts

Professor Isa Ali Ibrahim Pantami and Nafisa Abdullah Aminu

Global Winner Nafisa Visits Professor Isa Pantami

airforce helicopter

NAF Airstrikes Destroy Bandit Hideout in Chikun

Police Officer

Police Arrest 56 Suspects in Coordinated Raids Across FCT

Charlie Kirk

Who Really Killed Charlie Kirk? By Femi Fani-Kayode

Military Troops in Action

Military Eliminates Terrorist Commanders in Yobe, Foil Attacks in Sokoto, Zamfara

Prof. Abubakar Mu’azu

UNIMAID appoints Prof. Mu’azu as Pioneer Dean, Faculty of Communication

Governor Kabir Abba Yusuf and the conjoined twins

Kano Separated Conjoined Twins Return Home After Successful Surgery in S/Arabia

court Judiciary

Court Okays DSS Request to Accelerate Trial of Al-Barnawi, 4 Other Terrorists

Governor Abba Kabir Yusuf, Kano State

Kano Government Approves ₦1.1bn for School Uniforms to Tackle Out-of-School Children Crisis

Inspector-General of Police Kayode Adeolu Egbetokun

Police Chief Tasks Border Patrol Commanders on Enhanced Security

Army Arrest Notorious Cattle Rustlers, Recover Arms in Plateau

LEAVE A REPLY Cancel reply

Log in to leave a comment

Recent Posts

  • Bauchi Muslim Parliament Backs Senator Buba’s Peace Efforts
  • Global Winner Nafisa Visits Professor Isa Pantami
  • NAF Airstrikes Destroy Bandit Hideout in Chikun
  • Nigerian Troops Eliminate Notorious Bandit Deputy Commander in Kogi
  • Police Arrest 56 Suspects in Coordinated Raids Across FCT
  • Home
  • About
  • Adverts
  • Contact
© 2020 PRNigeria. All Rights Reserved.
Latest News
Bauchi Muslim Parliament Backs Senator Buba's Peace EffortsGlobal Winner Nafisa Visits Professor Isa PantamiNAF Airstrikes Destroy Bandit Hideout in ChikunNigerian Troops Eliminate Notorious Bandit Deputy Commander in KogiPolice Arrest 56 Suspects in Coordinated Raids Across FCTWho Really Killed Charlie Kirk? By Femi Fani-KayodeMilitary Strengthens Counter-Insurgency Drive as PCRC, NSCDC Seek Support in BornoNAHCON staff commend Chairman Over New Postings, PromotionsMilitary Eliminates Terrorist Commanders in Yobe, Foil Attacks in Sokoto, ZamfaraUNIMAID appoints Prof. Mu’azu as Pioneer Dean, Faculty of CommunicationKano Separated Conjoined Twins Return Home After Successful Surgery in S/ArabiaCourt Okays DSS Request to Accelerate Trial of Al-Barnawi, 4 Other TerroristsKano Government Approves ₦1.1bn for School Uniforms to Tackle Out-of-School Children CrisisPolice Chief Tasks Border Patrol Commanders on Enhanced SecurityAir Chief Links Fiscal Discipline to Nigeria’s National Security, Operational Readiness
X whatsapp