• 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
    • 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

      EFCC Arraigns Bauchi Accountant General Over N8bn Fraud as Court Sentences…

      PRNigeria logo fearured image

      EFCC Arraigns Ex-Convict, Other for Naira Abuse in Lagos

  • Fact-Check
  • Economy
    • Acting Controller General of Customs, Nigerian Customs Services, NSC, Ag. CG Bashir Adewale Adeniyi

      Adeniyi Inaugurates Lagos School Renovated by Nigeria Customs 

      Abdullahi Aliyu Maiwada

      Customs’ Maiwada Named Among Nigeria’s 50 Most Influential PR Voices

      Acting Controller General of Customs, Nigerian Customs Services, NSC, Ag. CG Bashir Adewale Adeniyi

      Customs Exposes Scam Over Form M Migration to B’Odogwu Platform

      CBN

      The Facts About Nigeria’s Debts Burden Under Tinubu’s Watch By Zekeri…

      Ibrahim Yahaya Dandakata of Arewa Economic Forum AEF

      AEF Slams CBN’s New BDC Policy, Cites Threat to Northern Economy…

  • National
    • Nnamdi Kanu of IPOB arrested by Nigerian security services

      Nnamdi Kanu’s Threat to Break Up Nigeria Was Deliberate, FG Insists

      NUJ election

      NUJ Urges Constitutional Backing for Journalists, Proposes Media Bailout Fund

      Tinubu Appoints IBB’s Son as Chairman, Bank of Agriculture, Names Heads…

      Bashir Adewale Adeniyi Customs Boss

      In Rivers, Customs Hands Over N20.5bn Worth of Fake Drugs to…

      Military Troops in Action

      COUNTER-TERRORISM OPERATIONS: Troops Arrest Terrorists Collaborators, Eliminate Scores, Seize Weapons, Rescue…

    • Government
      • IPRA GWA

        IPRA Calls on UN to Curb Misinformation from AI and Social…

        Nnamdi Kanu of IPOB arrested by Nigerian security services

        Nnamdi Kanu’s Threat to Break Up Nigeria Was Deliberate, FG Insists

        NUJ election

        NUJ Urges Constitutional Backing for Journalists, Proposes Media Bailout Fund

        Tinubu Appoints IBB’s Son as Chairman, Bank of Agriculture, Names Heads…

        Late President Muhammadu Buhari

        Critique of Renaming University of Maiduguri after Muhammadu Buhari By Dr…

  • Security
    • Nnamdi Kanu of IPOB arrested by Nigerian security services

      Nnamdi Kanu’s Threat to Break Up Nigeria Was Deliberate, FG Insists

      Nigerian Police Force

      Benue Police Nab Notorious Arms Traffickers, Recover Rocket Launcher, AK-47 Rifles,…

      Bashir Adewale Adeniyi Customs Boss

      In Rivers, Customs Hands Over N20.5bn Worth of Fake Drugs to…

      Military Troops in Action

      COUNTER-TERRORISM OPERATIONS: Troops Arrest Terrorists Collaborators, Eliminate Scores, Seize Weapons, Rescue…

      Lord Jonathan Marland, Chairman of the Commonwealth Enterprise and Investment Council (CWEIC), and Ministry of Defence Perm Sec Ambassador Gabriel Tanimu Aduda

      UK-Nigeria Pact to Drive Defence Innovation, Joint Ventures

  • Features
    • Late President Muhammadu Buhari

      Critique of Renaming University of Maiduguri after Muhammadu Buhari By Dr…

      Late President Muhammadu Buhari

      Buhari’s Shocker: I look Forward to Leaving, and when it’s …

      Buhari: The Soldier Who Couldn’t Conquer Democracy By Umar Farouk Bala

      Gen Lucky Irabor and Muhammadu Buhari

      Beyond the Public Gaze: Gen Irabor’s Intimate Farewell to Buhari

      Vice Admiral Awwal Z Gambo and Late President Muhammadu Buhari

      Tribute to the Late Former President Buhari, By Vice Admiral Awwal…

  • State
    • IPRA GWA

      IPRA Calls on UN to Curb Misinformation from AI and Social…

      Nigerian Police Force

      Benue Police Nab Notorious Arms Traffickers, Recover Rocket Launcher, AK-47 Rifles,…

      Bashir Adewale Adeniyi Customs Boss

      In Rivers, Customs Hands Over N20.5bn Worth of Fake Drugs to…

      Nigerian Navy

      Navy Hands Over Seized 1,575kg of Indian Hemp to NDLEA in…

      Nigerian Police Force

      Notorious Bandit Kingpin, Abubakar Magaji Arrested in Sokoto, Gun, Ammunition Recovered

  • Event
    • Dr Dr. Omoniyi Ibietan of NCC

      APRA Secretary General Omoniyi Ibietan Named ‘PR Change Maker’

      Prof Saudat Abdulbaqi

      Prof Saudat Abdulbaqi Makes History as First Female Dean of UniIlorin’s…

      Late Oba Sikiru Adetona and Late President Muhammadu Buhari

      Oba Sikiru Adetona: The Day Ijebu Lost Its Lion By Tahir…

      President & Chairman of Governing Council, Dr. Ike Neliaku

      On World PR Day, NIPR Charts Bold Path to National Renewal

      Late President Muhammadu Buhari

      Northwest Governors Mourn Buhari, Declare Tuesday Public Holiday

    • PR Nigeria Award
  • E-Paper
Home Economy ASVI 2018: States Generate N1.1trillion, Only 10 Economically Viable, 17 States are...
  • Economy
  • State

ASVI 2018: States Generate N1.1trillion, Only 10 Economically Viable, 17 States are Insolvent

By
Prnigeria
-
May 12, 2019

ASVI 2018: States Generate N1.1trillion, Only 10 Economically Viable, 17 States are Insolvent
… Lagos Generates More IGR than 30 States Combined
…. Economic Viable States: Lagos, Ogun, Rivers, Kwara, Enugu
… Poor IGR States: Kebbi, Yobe, Katsina, Bayelsa, Ebonyi

The Economic Confidential has released the Annual States Viability Index ( ASVI) which shows that seventeen (17) States are insolvent as their Internally Generated Revenues (IGR) in 2018 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 IGR of the 36 states of the federation totalled N1.1 trillion in 2018 as compared to N931 billion in 2017, an increase of N172 billion. The report by this economic intelligence magazine further indicates that the IGR of Lagos State of N382bn is higher than that of 30 States put together whose Internally Generated Revenues are extremely low, and poor compared to their allocations from the Federation Account.

Meanwhile, the Federal Capital Territory Abuja which is not a state but the nation’s capital generated N65bn IGR against N29bn from the Federation Account in the same period.

Lagos State remained steadfast in its number one position in IGR with a total revenue generation of N382bn compared to FAA of N260bn which translate to 146% in the twelve months of 2018. It is followed by Ogun State which generated IGR of N84.55bn compared to FAA of N93bn representing 90%; Rivers with N112bn compared to FAA of N237bn representing 47% and Kwara State with a low receipt from the Federation Account has maintained its impressive IGR by generating N23bn compared to FAA of N81bn representing 28%.

Others with impressive IGR include Edo with IGR of N28bn compared to FAA of N112bn representing 25%; Kano generated N44bn compared to FAA of N183bn representing 24%; Enugu with IGR of N22bn compared to FAA of N92bn representing 23%; Ondo with IGR of N24bn compared to FAA of N108bn representing 22.77%; Kaduna with IGR of N29bn compared to FAA of N131bn representing 22.44% while Delta State earned N58bn IGR against FAA of N285bn representing 20%.

The ten states with impressive IGR generated N808bn in total, while the remaining states merely generated a total of N295bn in 2018.

Read Also:

  • IPRA Calls on UN to Curb Misinformation from AI and Social Media
  • Nnamdi Kanu’s Threat to Break Up Nigeria Was Deliberate, FG Insists
  • ‎FACT-CHECK: Was Obi Ever Pictured Having Coffee with Gen Sani Abacha at the Presidential Villa?

While the report provides shocking discoveries, the states with less than 10% IGR have remained 17 as in the previous year 2017. The poor states may not stay afloat outside the Federation Account Allocation due to socio-political crises including insurgency, kidnapping, armed-banditry and herdsmen-farmer clashes.

Other states lack foresight in revenue generation drive coupled with arm-chair governance.

The states that may not survive without the Federation Account due to poor internal revenue generation are Ebonyi which realized a meagre N6.14bn compared to a total of N76bn it received from the Federation Account Allocation (FAA) in 2018 representing about 7.98%; Bayelsa with IGR of N13.6bn compared to FAA of N192bn representing 7.10%; Taraba N5.96bnbn compared to FAA of N88bn representing 6.77%; Adamawa with IGR of N6.2bn compared to N97bn of FAA representing 6.77% and Borno with IGR of N6.52bn compared to N122bn of FAA representing 5.3% within the period under review.

The major poor internal revenue earners are Katsina which generated N6.9bn compared to FAA of N138bn representing 5.03%; Yobe N4.48bn compared to FAA of N89bn representing 4.86% and lastly Kebbi N4.88bn IGR compared to FAA of N101bn representing 4.88%.

The Economic Confidential ASVI further showed that only three states in the entire Northern region have IGR above 20% in comparison to their respective allocations from the Federation Account. They are Kwara, Kano and Kaduna States. Meanwhile seven states in the South recorded over 20% IGR in 2018. They are Lagos, Ogun, Rivers, Edo, Enugu, Ondo and Delta States.

The four Southern states with the poorest Internally Generated Revenue of less than 10% compared to their FAA in 2018 are Akwa Ibom, Ekiti, Ebonyi and Bayelsa. Similarly, 13 Northern States have poorest IGR, namely Benue, Nasarawa, Gombe, Zamfara, Niger, Bauchi, Jigawa, Taraba, Adamawa, Borno, Katsina, Yobe and Kebbi 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: 2018 State Viability Index ASVI:

Previous Tables:
Economic Confidential ASVI: 2017
Economic Confidential ASVI: 2016

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)
  • 2018
  • ASVI
  • Federation Account
Previous articleUdoma inaugurates NBS Governing Board, urges selfless Service delivery
Next articleHow Protester Assaulted Police Cameramen in Abuja- Spokesperson
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

IPRA GWA

IPRA Calls on UN to Curb Misinformation from AI and Social Media

‎FACT-CHECK: Was Obi Ever Pictured Having Coffee with Gen Sani Abacha at the Presidential Villa?

Nigerian Police Force

Benue Police Nab Notorious Arms Traffickers, Recover Rocket Launcher, AK-47 Rifles, Ammunition

Bashir Adewale Adeniyi Customs Boss

In Rivers, Customs Hands Over N20.5bn Worth of Fake Drugs to NAFDAC

Acting Controller General of Customs, Nigerian Customs Services, NSC, Ag. CG Bashir Adewale Adeniyi

Adeniyi Inaugurates Lagos School Renovated by Nigeria Customs 

Abdullahi Aliyu Maiwada

Customs’ Maiwada Named Among Nigeria’s 50 Most Influential PR Voices

University of Maiduguri

JUST IN: Tinubu Renames UNIMAID After Muhammadu Buhari

Nigerian Navy

Navy Hands Over Seized 1,575kg of Indian Hemp to NDLEA in Lagos

Nigerian Police Force

Notorious Bandit Kingpin, Abubakar Magaji Arrested in Sokoto, Gun, Ammunition Recovered

Police Officer

FCT Police Arrest 48 in Coordinated Raids on Criminal Hideouts

Military Troops

BLOODY OPERATION: Troops Crush Terror Gangs, Block N291m Oil Theft

The Director of Defence Media Operations, Major-General Markus Kangye,

NURTW Members Caught Smuggling Military Uniforms for Terrorists in Borno

LEAVE A REPLY Cancel reply

Log in to leave a comment

Recent Posts

  • IPRA Calls on UN to Curb Misinformation from AI and Social Media
  • Nnamdi Kanu’s Threat to Break Up Nigeria Was Deliberate, FG Insists
  • ‎FACT-CHECK: Was Obi Ever Pictured Having Coffee with Gen Sani Abacha at the Presidential Villa?
  • NUJ Urges Constitutional Backing for Journalists, Proposes Media Bailout Fund
  • Benue Police Nab Notorious Arms Traffickers, Recover Rocket Launcher, AK-47 Rifles, Ammunition
  • Home
  • About
  • Adverts
  • Contact
© 2020 PRNigeria. All Rights Reserved.
Latest News
IPRA Calls on UN to Curb Misinformation from AI and Social MediaNnamdi Kanu’s Threat to Break Up Nigeria Was Deliberate, FG Insists‎FACT-CHECK: Was Obi Ever Pictured Having Coffee with Gen Sani Abacha at the Presidential Villa?NUJ Urges Constitutional Backing for Journalists, Proposes Media Bailout FundBenue Police Nab Notorious Arms Traffickers, Recover Rocket Launcher, AK-47 Rifles, AmmunitionTinubu Appoints IBB's Son as Chairman, Bank of Agriculture, Names Heads of Key AgenciesIn Rivers, Customs Hands Over N20.5bn Worth of Fake Drugs to NAFDACCOUNTER-TERRORISM OPERATIONS: Troops Arrest Terrorists Collaborators, Eliminate Scores, Seize Weapons, Rescue Captives Across N'EastAdeniyi Inaugurates Lagos School Renovated by Nigeria Customs UK-Nigeria Pact to Drive Defence Innovation, Joint VenturesCustoms' Maiwada Named Among Nigeria’s 50 Most Influential PR VoicesCritique of Renaming University of Maiduguri after Muhammadu Buhari By Dr Umar ArdoFULL TEXT: President Tinubu Extols Muhammadu Buhari at Special FEC SessionAgain, FG Postpone Recruitment into Paramilitary AgenciesBuhari's Shocker: I look Forward to Leaving, and when it's time, I go to my Grave By Femi Adesina
X whatsapp