2018 Fiscal Index: Rivers, Delta, Bayelsa lead ranking

Many Nigerian states will have to rev up their internally generated income and slow down on borrowing, a new Fiscal Sustainability Index published by BudgIT Nigeria, a budget transparency advocacy group has said.


The “2018 State of States’’ report, launched on Tuesday in Abuja by BudgiT, was sponsored by Bill and Melinda Gates Foundation.

The report ranked the 36 states in terms of fiscal stability and ability to cover recurrent expenditure without borrowings, with Rivers, Delta and Bayelsa taking the lead.

Meanwhile, Cross River, Osun and Ekiti emerged at the bottom of the ranking, meaning they lacked healthy financial profile, in terms of ability to cover recurrent expenditure without borrowing.

The Principal Lead, BudgIT, Gabriel Okeowo at the report launch, said their analysis showed that increase in statutory allocations, mainly guided by oil revenues had impacted on the finances of the states in 2018.


“One major highlight of this report is the Fiscal Sustainability Index, which saw a state like Rivers maintaining its top position due to its robust revenue profile and manageable recurrent expenditure obligation.

“Lagos dropped from 2nd to 4th place notwithstanding the state’s fiscal advantage, but owning to its unusually high overhead costs and increasing debts.

“We are extremely concerned about the poor fiscal management thinking in Cross River with its bogus budget plan for 2018 of N1.3 trillion, which weighed it down.

https://www.premiumtimesng.com/news/more-news/284300-2018-fiscal-index-rivers-delta-bayelsa-lead-ranking.html

PDP power!

PDP will make Noise with this report na....

Pls were do u see ma state ogun??

.

[[[/b]This Country ehn!!! [i][/i][b]

Righteousness89:
PDP will make Noise with this report na....

Everything is politics to u people

and Delta and bayelsa are backward in terms of development

afonjas wont like this

No APC state listed!!! What the APC government knows how to do is to borrow!!!

Of course na. There is absolutely nothing in ekiti state. The stupid fayose go just dey run him mouth.

I think fayemi will revive the state.

Fukafuka:

Dude you are the most boring nairalander honestly.
Stop with all these your over used boring memes please

Delta state..my state is nt trying at all.

BigGuyMan01:

Dude you are the most boring nairalander honestly.
Stop with all these your over used boring memes please

.....

Everybody with e own ranking

My state should be here

Good management of resources by the States.

Where is Osun Lagos and Ekiti?

Meanwhile, Cross River, Osun and Ekiti emerged at the bottom of the ranking, meaning they lacked healthy financial profile, in terms of ability to cover recurrent expenditure without borrowing.

The same State of Osun that is richer than all the five south eastern states put together??
This stat must have been carried out by IPOB to mock Coneheads

Oil Money

Our Money

martineverest:
and Delta and bayelsa are backward in terms of development

Reverse is the case

GodblessNig247:
No APC state listed!!! What the APC government knows how to do is to borrow!!!

You forgot about their oil money?

afonjas wont like this

agadez007:

The same State of Osun that is richer than all the five south eastern states put together??
This stat must have been carried out by IPOB to mock Coneheads

They have run away from the thread with their tail in between their legs.

...and they are PDP States!

They better be careful before APC comes in and messes the whole place up

DonCorleons:
Pls were do u see ma state ogun??

wait for the skull mining list