• 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
    • 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

      EFCC Arrests 37 Suspected Internet Fraudsters in Ilorin

  • Fact-Check
  • Economy
    • Ibrahim Yahaya Dandakata of Arewa Economic Forum AEF

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

      Google Search Tech Digest

      7 Smart Google Search Tips That Will Save You Hours By…

      U.S. VISA

      REVEALED: Why US Reduced Visa Validity for Nigerians to 3 Months…

      Comptroller General Nigerian Customs Bashir Adewale

      Nigeria Customs Takes Anti-Money Laundering Fight to the Skies

      Comptroller General Nigerian Customs Bashir Adewale

      Nigeria Customs, ICPC and the Audit of Conscience

  • National
    • Customs boss, CGC Bashir Adewale Adeniyi with NAFDAC DG Professor Moji Adeyeye

      Customs Hands Over 99.2bn Worth of Illicit Pharmaceutical Products to NAFDAC

      President Muhammadu Buhari

      Rat Story Was a Smokescreen to Divert Attention from Buhari’s Health…

      Nigerian Banks

      Nigeria’s Second Chance at a Global Cashless Future By Fatimah Yusuf…

      Air Chief Rallies New Intelligence Officers for Proactive Security Response

      Customs boss, CGC Bashir Adewale Adeniyi with NAFDAC DG Professor Moji Adeyeye

      Customs, NAFDAC Activate MoU to Fight Substandard Products By Abdullah Maiwada

    • Government
      • Governor Yusuf of Kano Wins Top Infrastructure Award at London’s 15th…

        Mohammed Idris

        Local Government Autonomy Not Negotiable — FG Declares

        NELFUND

        NELFUND Resumes Monthly Upkeep Payments, Credits Over 3,600 Students

        Seal of the Nigerian Senate

        NNPCL Must Account for ‘Unreconciled’ N210tr in Financial Statements – Senate…

        Senator Kashim Shettima

        Presidency Debunks Misleading Reports on VP Shettima’s Remarks at Book Launch

  • Security
    • Defence Minister Abubakar Badaru

      Nigeria’s Future Rests on Smart Defence Management — Badaru to Military…

      Customs boss, CGC Bashir Adewale Adeniyi with NAFDAC DG Professor Moji Adeyeye

      Customs Hands Over 99.2bn Worth of Illicit Pharmaceutical Products to NAFDAC

      Troops Intercept 3 Gunrunners, Seize Weapons, Cash in Kaduna

      Military Troops

      Troops Bust IPOB/ESN Logistics Network, Arrest Informants in Southeast — DHQ

      Soludo and Radda’s Candid Confessions on Homegrown Terror By Tahir Ahmad

  • Features
    • Soludo and Radda’s Candid Confessions on Homegrown Terror By Tahir Ahmad

      Nigerian Banks

      Nigeria’s Second Chance at a Global Cashless Future By Fatimah Yusuf…

      Customs boss, CGC Bashir Adewale Adeniyi with NAFDAC DG Professor Moji Adeyeye

      Customs, NAFDAC Activate MoU to Fight Substandard Products By Abdullah Maiwada

      Crowned Prince Salman of Saudi Arabia

      Rebranding Royalty: Saudi Arabia’s Response to Iran’s Fall By Baba El-Yakubu

      Kanam Ambush: The Danger of Embarking on an Unauthorized Mission By…

  • State
    • Governor Yusuf of Kano Wins Top Infrastructure Award at London’s 15th…

      Troops Intercept 3 Gunrunners, Seize Weapons, Cash in Kaduna

      Soludo and Radda’s Candid Confessions on Homegrown Terror By Tahir Ahmad

      Police repatriates Chinese Fugitive wanted for Tax fraud

      Police Arrest, Repatriate Chinese Fugitive Wanted for Tax Fraud

      court Judiciary

      Murder of Wedding Guests: Plateau Court Remands 20 Suspects

  • Event
    • Asiwaju Adegboyega Solomon Awomolo

      47 Years of Excellence: Honoring Asiwaju Awomolo, SAN

      NCoS inmates

      58 Inmates in Kano Sit for 2025 NECO Exams, Thanks to…

      Troops of the Nigerian Army giving a salute

      162nd Anniversary: Tinubu Salutes Nigerian Army, Hails Troops as Guardians of…

      President & Chairman of Governing Council, Dr. Ike Neliaku

      NIPR Lauds Nigerian PR Firms for Outstanding Performances at 2025 SABRE…

      SCN NGO signs partnership with PRNIGERIA

      SCN NGO Seals Partnership with PRNigeria to Amplify its Humanitarian Projects

    • PR Nigeria Award
  • E-Paper
Home Economy ASVI 2019 Ranks Rich, Poor IGR States in Nigeria… Katsina, Bayelsa, 5...
  • Economy

ASVI 2019 Ranks Rich, Poor IGR States in Nigeria… Katsina, Bayelsa, 5 Others Can’t Survive without Federation Account

By
Prnigeria
-
July 26, 2020

2019 Annual States Viability Index ASVI: FCT, 36 States Generate N1.3tr IGR Against N4.4trn from Federation Account Allocation
… Lagos Generates More IGR than 20 States Combined
…. RICH/Economic Viable States: Lagos, Ogun, Rivers, Kwara, Kaduna, Enugu States
… INSOLVENT/Poor IGR States: Katsina, Kebbi, Borno, Bayelsa, Taraba States

The Economic Confidential has released the Annual States Viability Index ( ASVI) which shows that seven (7) States are insolvent as their Internally Generated Revenues (IGR) in 2019 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 N1.3 trillion in 2019 as compared to N1.1 trillion in 2018, an increase of about N200 billion. The report by the Economic Confidential, an intelligence magazine further indicates that the IGR of Lagos State of N398bn is higher than that of 20 other 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 (FCT) Abuja which is not a state but the nation’s capital generated N74bn IGR against N30bn 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 N398bn compared to FAA of N270bn which translate to 147% in the twelve months of 2019. It is followed by Ogun State which generated IGR of N70.92bn compared to FAA of N92bn representing 77%; Rivers with N140bn compared to FAA of N219bn representing 64% and Kwara State with a low receipt from the Federation Account has maintained its impressive IGR by generating N30bn compared to FAA of N80bn representing 38%.

Others with impressive IGR include Kaduna with IGR of N44bn compared to FAA of N129bn representing 35%; Enugu generated N31bn compared to FAA of N103bn representing 29%; Ondo with IGR of N30bn compared to FAA of N103bn representing 29%; Edo with IGR of N29bn compared to FAA of N108bn representing 27%; Anambra with IGR of N26bn compared to FAA of N98bn representing 27% while Cross River State earned N22bn IGR against FAA of N99bn representing 25%.

The ten states with impressive IGR generated N894bn in total, while the remaining 26 states merely generated a total of N440bn in 2019.

The report provides an amazing discovery, as most states have improved their IGR compared to previous years. In 2019 only seven states generated less than 10% IGR compared to 17 states in 2018.

There are seven states that may not survive without the Federation Account due to their extremely poor internal revenue generation of less than 10% compared to their federal allocations. Top on the
Katsina, the home state of President Muhammadu Buhari generated the poorest and lowest IGR compared to its federal allocation in 2019. It realized a meagre N8bn compared to a total of N136bn ‘free money’ received from the Federation Account Allocation (FAA) in 2019 representing 6%. It is followed by Kebbi with IGR of N7.3bn compared to FAA of N100bn representing 7%; Borno N8bn compared to FAA of N121bn representing 7% and Taraba with IGR of N6.5bn compared to N86bn of FAA representing 8%.

Read Also:

  • Governor Yusuf of Kano Wins Top Infrastructure Award at London’s 15th African Achievers Event
  • Local Government Autonomy Not Negotiable — FG Declares
  • Nigeria’s Future Rests on Smart Defence Management — Badaru to Military Leaders

Others include Bayelsa, the home state of former President Goodluck Jonathan with IGR of N16bn compared to N176bn of FAA representing 9%; Yobe with IGR of N8.4bn compared to N88bn of FAA representing 9% and Gombe with IGR of N6.8bn compared to N75bn of FAA representing 75% within the period under review.

The poor states with lower IGR may not stay afloat outside the monthly allocations from Federation Account due to lack of initiatives for revenue generation drive coupled with arm-chair governance. Some of the states cannot attract investors due to socio-political and economic crises including insurgency, kidnapping, armed-banditry and herdsmen-farmers clashes.

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, Kaduna and Kano States in that order.

Meanwhile, ten states in the South recorded over 20% IGR in 2019. They are Lagos, Ogun, Rivers, Enugu, Ondo, Edo, Delta, Anambra, Cross River and Delta States.
Only Bayelsa is a state with the poorest Internally Generated Revenue of less than 10% compared to their FAA in the South in 2019. The other poorest IGR states are in North-East Yobe, Gombe, Borno and Taraba State and two states from North-West, namely Katsina and Kebbi.

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.

TABLE: 2019 Annual State Viability Index  ASVI by Economic Confidential

Previous Tables:
Economic Confidential ASVI 2018

Economic Confidential ASVI: 2017
Economic Confidential ASVI: 2016

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)
  • ASVI
  • Bayelsa
  • Federation Account
  • katsina
  • Kwara
  • Lagos
  • rivers
Previous articleMining: Ajaokuta Steel gets Lifeline as NASS, FG plans to Revive the Company
Next articleSallah Festival: FRSC Deploys Personnel to ensure COVID-19 Compliance
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

President Muhammadu Buhari

Rat Story Was a Smokescreen to Divert Attention from Buhari’s Health – Garba Shehu Reveals

NAF Surgical Airstrikes Decimate Bandit Convoy, Eliminate Scores in Kebbi-Zamfara Axis

Fact-Check: Did Bandits Die Mysteriously in Nupe Community After Kidnapping Spree?

Comptroller General Nigerian Customs Bashir Adewale

Senate Applauds Customs CG Bashir Adeniyi for Global Leadership and Economic Reforms

Ibrahim Yahaya Dandakata of Arewa Economic Forum AEF

AEF Slams CBN’s New BDC Policy, Cites Threat to Northern Economy and National Security

Google Search Tech Digest

7 Smart Google Search Tips That Will Save You Hours By Shuaib S. Agaka | Tech Digest

Two Killed, Gunman Neutralized as Police Battle Armed Attackers in Anambra

L-R: Representative of the Managing Director of Bank of Industry, Ugochukwu Akagaogu; Minister of Information and National Orientation, Mohammed Idris; Minister of State for Industry, Senator John Owan Enoh and the Permanent Secretary of the Federal Ministry of Industry, Trade and Investment, Ambassador Nura Rimi during the tour of the Hydropolis Free Trade Zone in Amfani, Magama Local Government Area of Niger State on Tuesday

FG Eyes 5,000-Tonne Boost in Fish Production Through PPP Model

U.S. VISA

REVEALED: Why US Reduced Visa Validity for Nigerians to 3 Months in Reciprocal Policy Shift

NSA Hails New Joint Doctrine and Welfare Centre to Revolutionize Military Collaboration

NSA Nuhu Ribadu and NGE President Eze Anaba

Security Chiefs, Editors, ‘Off-the-Record’ and Other Confidential Rules

Picture caption: NIPR President, Dr. Ike Neliaku (left) and Governor Abdullahi Sule exchanging the MoU documents.

NIPR Signs MoU for PR and Leadership Varsity, Nasarawa Govt Approves Land, Scholarships

Recent Posts

  • Governor Yusuf of Kano Wins Top Infrastructure Award at London’s 15th African Achievers Event
  • Local Government Autonomy Not Negotiable — FG Declares
  • Nigeria’s Future Rests on Smart Defence Management — Badaru to Military Leaders
  • Customs Hands Over 99.2bn Worth of Illicit Pharmaceutical Products to NAFDAC
  • Troops Intercept 3 Gunrunners, Seize Weapons, Cash in Kaduna
  • Home
  • About
  • Adverts
  • Contact
© 2020 PRNigeria. All Rights Reserved.
Latest News
Governor Yusuf of Kano Wins Top Infrastructure Award at London’s 15th African Achievers EventLocal Government Autonomy Not Negotiable — FG DeclaresNigeria’s Future Rests on Smart Defence Management — Badaru to Military LeadersCustoms Hands Over 99.2bn Worth of Illicit Pharmaceutical Products to NAFDACTroops Intercept 3 Gunrunners, Seize Weapons, Cash in KadunaTroops Bust IPOB/ESN Logistics Network, Arrest Informants in Southeast — DHQSoludo and Radda’s Candid Confessions on Homegrown Terror By Tahir AhmadRat Story Was a Smokescreen to Divert Attention from Buhari’s Health - Garba Shehu RevealsNigeria's Second Chance at a Global Cashless Future By Fatimah Yusuf UsmanAir Chief Rallies New Intelligence Officers for Proactive Security ResponseCustoms, NAFDAC Activate MoU to Fight Substandard Products By Abdullah MaiwadaNELFUND Resumes Monthly Upkeep Payments, Credits Over 3,600 StudentsNNPCL Must Account for ‘Unreconciled’ N210tr in Financial Statements - Senate InsistsPresidency Debunks Misleading Reports on VP Shettima’s Remarks at Book LaunchPolice Arrest, Repatriate Chinese Fugitive Wanted for Tax Fraud
X whatsapp