According to investigations, the Internal Generated Revenue (IGR) of these states were far below 10% of their Federation Account Allocations (FAA) in one year from June 2015 to May 2016. The report further shows that these 15 states may not stay afloat outside the Federal Account Allocation due to lack of foresight in revenue generation coupled with arm-chair governance.
Meanwhile, Lagos is listed as the richest state of the federation generating more IGR than 32 States combined.Lagos State generated more revenue than its allocation from the Federation Account by 150% and no any other state has up to 100% of IGR.
Lagos is said to generate total revenue of N268.22bn in the twelve months of last year. followed by Rivers State N82.10bn, Delta State N40.80bn, Ogun State N34.59bn and Edo state N19.11bn respectively.
Also doing fairly fine are: Enugu, Oyo, Anambra, Akwa Ibom and Kano with N18.08bn, N15.66bn, N14.793bn, N14.791bn, and N13.611 bn respectively.
However, The states that may not survive without the Federation Account due to poor internal revenues include Yobe Generating just N2.2b compared to a total of N57.4bn it received from the Federation Account Allocation (FAA) from June 2015 to May 2016 representing about 3.9%. Also, Zamfara with IGR of N2.7bn compared to FAA of N56.6bn representing 4.8%; Ekiti N3.2bn compared to FAA of N50.460bn representing 6.5%; Borno with N3.5bn compared to N78.7bn of FAA representing 4.5% and Kebbi with IGR of N3.5bn compared to N64.8bn of FAA representing 5.5% within the period under review.
This report establishes the fact that the richest northern state is Kano which is the only state from the North to be among the 10 highest IGR earners while the rest are Southern States. The poorest southern State is Ekiti which is the only state from the South to be among the 10 lowest IGR earners while the rest in the category and bottom of the ladder are Northern States.
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