IGR: Poor And Rich States In Nigeria - Economic Confidential - Politics

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State Viability Index: Full list from Economic Confidential - Vanguard / Poverty Rate Of The 36 States In Nigeria By United Nation Poverty Index / Internally Generated Revenue: State Governors Target N1.1 Trillion IGR (2) (3) (4)

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IGR: Poor And Rich States In Nigeria - Economic Confidential by investnow2013: 7:47pm On Jun 26, 2016

*15 States May Go Bankrupt If...

*36 States generates N682bn IGR

*Lagos generates more IGR than 32 States combined

*Rich States: Lagos, Rivers, Delta, Ogun, Edo

*Poor States: Yobe, Zamfara, Ekiti, Borno, Kebbi

An investigation by the Economic Confidential has shown that Fifteen States may go bankrupt as their Internally Generated Revenues (IGR) in 2015 were far below 10% of their Federation Account Allocations (FAA) in one year from June 2015 to May 2016.

The report further indicates that the IGR of Lagos State of N268bn is higher than that of 32 States combined together excluding Rivers, Delta and Ogun whose IGRs are very impressive. The 32 other states merely generated a total of N257bn in 2015.

Recently the Economic confidential, an economic intelligence magazine published the total allocation each state in Nigeria received from the Federation Account Allocation (FAA) between June 2015 to May 2016 which signified one year of President Muhammadu Buhari’s administration.

The latest report on IGR reveals that only Lagos State generated more revenue than its allocation from the Federation Account by 150% and no any other state has upto 100% of IGR to the federal largese.

The IGR of the 36 states of the federation totalled N682.67 billion in 2015 as compared to N707.85 billion in 2014, a drop of N25.18 billion or a minus 3.56 percent.

The report provides shocking discovery that indicates that 15 states may go bankrupt and may not stay afloat outside the Federal Account Allocation due to lack of foresight in revenue generation drive coupled with arm-chair governance.

The states that may not survive without the Federation Account due to poor internal revenues include Yobe which generated meagre 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%.

Others are: 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.

Others poor internal revenue earners are Taraba which generated N4.1bn compared to FAA of N56bn representing 6.4%; Nassarawa N4.4bn compared to FAA of N50.5bn representing 8.5%; Adamawa N4.4bn compared to FAA of N62.2bn representing 7.1%; Gombe N4.7bn compared to FAA of N49.8bn representing 9.6%; Jigawa N5bn compared to FAA of N73bn representing 7%; Bauchi N5.3bn compared to FAA of N72.6bn representing 7.4%; Imo N5.4bn compared to FAA of N71.6bn representing 7.6%; Katsina N5.7bn compared to FAA of N88.8bn representing 6.5 %; Niger N5.9bn compared to FAA of N74.8bn representing 8% and Sokoto N6.2bn compared to FAA of N69.7bn representing 8.9%.

Meanwhile, Lagos State retains its number one position in IGR with a total revenue generation of N268.22bn in the twelve months of last year. It is followed by Rivers State N82.10bn, Delta State N40.80bn, Ogun State N34.59bn and Edo state N19.11bn.

However, these five states look good to be on top of the current economic challenges. They are: Enugu, Oyo, Anambra, Akwa Ibom and Kano with N18.08bn, N15.66bn, N14.793bn, N14.791bn, and N13.611 bn respectively.

The Economic Confidential report further showed 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.

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 revenue that largely come from the oil sector.

http://www.vanguardngr.com/2016/06/red-alert-15-states-may-go-bankrupt-report/

9 Likes 6 Shares

Re: IGR: Poor And Rich States In Nigeria - Economic Confidential by investnow2013: 7:53pm On Jun 26, 2016

Lalasticlala see the Igr!!!!

2 Likes 2 Shares

Re: IGR: Poor And Rich States In Nigeria - Economic Confidential by Nobody: 7:53pm On Jun 26, 2016

Who cars? Rocha's has the blueprint to scam FG and collect money for frivolity

32 Likes 3 Shares

Re: IGR: Poor And Rich States In Nigeria - Economic Confidential by molydonhenry(m): 7:54pm On Jun 26, 2016

investnow2013:
Lalasticlala!!!!! This is quite interesting news!

The topic did not include Lala's Password na

5 Likes 3 Shares

Re: IGR: Poor And Rich States In Nigeria - Economic Confidential by vedaxcool(m): 7:55pm On Jun 26, 2016

The poorest southern State is Ekiti which is the only state from the South to be among the 10 lowest IGR earners

Cutting kpomo can never be a substitute for good governance.

221 Likes 12 Shares

Re: IGR: Poor And Rich States In Nigeria - Economic Confidential by Nobody: 8:04pm On Jun 26, 2016

Where bayelsa? Thank God for Delta and Rivers.

Re: IGR: Poor And Rich States In Nigeria - Economic Confidential by investnow2013: 8:06pm On Jun 26, 2016

Lalasticlala!

Re: IGR: Poor And Rich States In Nigeria - Economic Confidential by Emancipation: 8:10pm On Jun 26, 2016

There is no reason why Abia and Anambra shouldnt be ahead of Enugu. Abosulutely none. Even small ebonyi state is flexing hard.

34 Likes 3 Shares

Re: IGR: Poor And Rich States In Nigeria - Economic Confidential by RichYoungNigger(m): 8:12pm On Jun 26, 2016

Anambra state.
We don't have big companies, we don't have oil, we don't have tourist attractions, we are a small state.

But we are the richest state in Nigeria and the economy or the state of the government doesn't affect us.

We are the king

108 Likes 3 Shares

Re: IGR: Poor And Rich States In Nigeria - Economic Confidential by brunofarad(m): 8:12pm On Jun 26, 2016

ANAMBRA,
Doing good against all odds...

Proudly Nwa anambra

If you check my PROFILE PIC
I CANNOT guarantee your next Action

52 Likes 1 Share

Re: IGR: Poor And Rich States In Nigeria - Economic Confidential by kolnel: 8:14pm On Jun 26, 2016

I think it's suffice to say the North is living off the south (oil)
As for ekiti, fayose needs to go for apprenticeship from ambode

108 Likes 9 Shares

Re: IGR: Poor And Rich States In Nigeria - Economic Confidential by ERONX(m): 8:15pm On Jun 26, 2016

Imagine Nigerians.......
Oxford DICTIONARY: New word inclusion.
BUHARI
/boo-ha-ree:/
Noun: buhari
1. hard, hardship, difficult, harsh, tough;
e.g "The economy is now buhari for the masses"
Synonyms: onerous, strenuous, arduous
grueling, painful, hellish;
Antonyms: easy, smooth, simple.
Verb: buharify, buharicate,
buharification;
2. to make complex, worse, unbearable;
e.g "Please don't come and buharicate issues here"
"The only way to reduce applicants is to buharify the process"
Synonyms: complicate, exacerbate, degenerate;
Antonyms: simplify, ameliorate.
Adjective: buharific
3. terrible, hectic, difficult;
Synonyms: tough, back-breaking, intricate, knotty,thorny;
Antonyms: fantastic, splendid, pleasant.
e.g "How was your final exams? It was buharific!!!" Good night friends.

161 Likes 26 Shares

Re: IGR: Poor And Rich States In Nigeria - Economic Confidential by Standing5(m): 8:15pm On Jun 26, 2016

Not surprised at all . . .
With our system of government, idleness combined with politics is lucrative at all levels. Imagine a father who has power to spend and reallocate all of his childrens salary. Now some children have more children to take care of than others, but the ones with more children have lower paying jobs compared to the ones with fewer children. The father makes a law that allocates 52% of all income to him for further redistribution as he deems fit, 26% directly to his children according to their family size and the rest to all grandchildren. Well, the children with more responsibility(children) will be less willing to put in hard work to make more money or share with the father what comes their way.
Gradually majority of the grandchildren will become lazy and unwilling to be productive because their source of food is largely disconnected from their own personal effort.
Now imagine what happens when the children with good incomes start losing their jobs and getting lower paying ones:
the family suffers as a whole.
The grandchildren are less willing to accept resonsibility and work to make a living.
The grandchildren go to school with the aim of getting the certificate and not the skills.
The fathers (children) are unwilling to work and will hide whatever they get outside their salary.
The fathers will likely be irresponsible and womanize/drink/have many wives.
The fathers will likely borrow and expect the children to inherit it and pay it off. Now this is where the 32 states in this article find themselves.
In case u are wondering the Grandfather is FG of Nigeria, the grandchildren are the LGAs and masses(mostly civil servants).

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Re: IGR: Poor And Rich States In Nigeria - Economic Confidential by EteEdoho: 8:16pm On Jun 26, 2016

North,to me is simply a dead heavy weight on the rest of us,sentiment aside!.

Imagine amidst the 19 northern states,its only Kano that beat the rubicon of bankrupt states,the rest 18 are as good as dead?.

Despite haven sapped the better part of our national life,by ruling more than 39yrs out of our 50+years of our nationhood,north has continued to remain a wicked parasite on the rest of us,more reason a call for true federalism or outright division,to them it's an invitation for. Truly i do understand,but i av' got to be blunt,it's time to cut down any tree that isn't bearing fruht!.

Therefore,still on the spirit of #BREXIT,i say let #BIAFREXIT be maintained,and the tempo hightened.

I AM VOTING OUT!.

163 Likes 18 Shares

Re: IGR: Poor And Rich States In Nigeria - Economic Confidential by suyamasta(m): 8:16pm On Jun 26, 2016

All state governors should make their spendings publicly verifiable also the wage bill should be made public! Most of this money na dia pocket e dey go!!

Meanwhile make i go jam my song jare! Panda Panda Panda Panda Panda Panda Panda...

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Re: IGR: Poor And Rich States In Nigeria - Economic Confidential by JingoOAU(m): 8:16pm On Jun 26, 2016

Fayosheeeeeeeeeyyyyyyyy

Busy cutting PONMO everywhere instead of looking for ways to intensify efforts in generating more IGR

Fayemi was generating as much as 600million monthly then...presently, Ekiti is generating less than 100million per month

I've been wanting to ask this question for long, and I wouldn't mind if someone can tell me point blank

Is just that.......

Where was Fayose working before he became governor in 2013?

48 Likes 2 Shares

Re: IGR: Poor And Rich States In Nigeria - Economic Confidential by jammyunn(m): 8:16pm On Jun 26, 2016

I'm really impressed by Enugu. the past governor did so well.

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Re: IGR: Poor And Rich States In Nigeria - Economic Confidential by StepTwo: 8:16pm On Jun 26, 2016

this is really bad. over dependence on federal revenue is killing most states.

but whatsa up with Cross River with all her tourism, i always expect to see that state among the top 5 when it comes to IGR.

6 Likes 1 Share

Re: IGR: Poor And Rich States In Nigeria - Economic Confidential by truthspeaks: 8:17pm On Jun 26, 2016

This is the consequence of too much reliance on oil revenue and our govts kept squandering it instead of effectively managing and investing it. It made us have a bogus n unproductive civil service that only knew how to push files wit a corrupt approach, now they can't be paid cos oil revenue has gone down. This is also the consequence of lack of innovation in governance such that the talents of our young population would hv bn harnessed to bring up development. This is also d consequence of paying lip service to diversification over the years. Thr was really a country. A country whr leaders have failed n wld not want to be around to contend with their failures but rather seek an escape route to the developed countries thereby leaving the common man to bear the consequence of their failures. Truly, Nigerian leaders have failed and the consequences are beginning to rear their heads. Who then shld we turn to?

8 Likes 1 Share

Re: IGR: Poor And Rich States In Nigeria - Economic Confidential by mysticgal(f): 8:17pm On Jun 26, 2016

Emancipation:
There is no reason why Abia and Anambra shouldnt be ahead of Enugu. Abosulutely none. Even small ebonyi state is flexing hard.

Give reasons for your opinion or I'd think you are just blabbing. Small ebonyi state. Smh undecided

14 Likes

Re: IGR: Poor And Rich States In Nigeria - Economic Confidential by molydonhenry(m): 8:17pm On Jun 26, 2016

Thank God 4 my state delta, for my resident state rivers and for my wife's state Anambra

37 Likes 1 Share

Re: IGR: Poor And Rich States In Nigeria - Economic Confidential by Zico5(m): 8:17pm On Jun 26, 2016

See some misguided fellows above me blaming Buhari for their woes. Forgetting their main problem is their fellow tribesmen and women who enjoy massive looting under Gej. They will continue to lament unabated cos that is their food and water. They will never reason where matter cos corruption, fraud and embezzlement are their glory.

10 Likes 1 Share

Re: IGR: Poor And Rich States In Nigeria - Economic Confidential by worlexy(m): 8:17pm On Jun 26, 2016

Lazy-brain syndrome of most States

Re: IGR: Poor And Rich States In Nigeria - Economic Confidential by CaptainBomb(m): 8:17pm On Jun 26, 2016

I am rich

Re: IGR: Poor And Rich States In Nigeria - Economic Confidential by Nobody: 8:17pm On Jun 26, 2016

Re: IGR: Poor And Rich States In Nigeria - Economic Confidential by EteEdoho: 8:18pm On Jun 26, 2016

Me think udom emmanuel should do better and place us where we rightly belong. Cc senior man @NDPVF

2 Likes

Re: IGR: Poor And Rich States In Nigeria - Economic Confidential by nickxtra(m): 8:18pm On Jun 26, 2016

Am proud of Gov. Oshiomole of Edo state. From a mere 3 billion Naira IGR generated annually, you came and by your courage, wisdom and a team of capable hands, including Mr. Godwin Obaseki, you took IGR of the State to almost 20 billion Naira per year, making the State one of the few viable states in Nigeria, yet some fools want Edo state to slip back into the hands of those that almost ruined it.

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Re: IGR: Poor And Rich States In Nigeria - Economic Confidential by hungryboy(m): 8:19pm On Jun 26, 2016

Truth be told,
Other states will keep lagging behind Lagos in revenue generation ,
Cos, majority of companies and industries are situated there.

18 Likes 3 Shares

Re: IGR: Poor And Rich States In Nigeria - Economic Confidential by Nobody: 8:19pm On Jun 26, 2016

Let AMCON buy over their debts and take them over.

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Re: IGR: Poor And Rich States In Nigeria - Economic Confidential by Sealeddeal(m): 8:19pm On Jun 26, 2016

Emancipation:
There is no reason why Abia and Anambra shouldnt be ahead of Enugu. Abosulutely none. Even small ebonyi state is flexing hard.

You're minding the criminal Governors? They will get 30billion and declare 14billion.

1 Like 1 Share

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