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Economic Confidential, a subsidiary of PR Nigeria, has identified seven states – Lagos, Ogun, Rivers, Kaduna, Kwara, Oyo, and Edo – as the most economically viable in Nigeria for 2022.

According to Punch, it was reported that Zekeri Idakwo, the Assistant Editor of Economic Confidential, revealed this information during a press briefing and presentation of the 2022 Annual States Viability Index Report in Abuja on Monday.

The report is based on data released by the Nigerian Bureau of Statistics and the Federal Account Allocation Committee.

Idakwo said, “The IGR of the 36 states of the federation totalled N1.8trn in 2022, which was above that of 2021, which was N1.76trn.

“The report further indicates that the IGR of Lagos State of N651bn is higher than that of 30 other states put together whose Internally Generated Revenues are extremely low and poor, compared to their allocations from the Federation Account.

“A total Internally Generated Revenue of N1.5trn from the seven most viable states in 2022, was almost twice the total IGR of 29 states together that merely generated about N650bn.”

The report's detailed analysis indicates that Lagos, despite receiving N370bn from FAAC, generated an impressive N651bn. Ogun received N113bn and generated N120.5bn, while Rivers received N363.4bn from FAAC and generated N172bn.

Kaduna, with a federal allocation of N155bn, generated N58bn; Kwara received N99bn and generated N35.7bn. Oyo received N181bn and generated N62bn, and Edo, having received N147bn from federal allocation, generated N47.4bn.

https://punchng.com/report-names-lagos-six-others-viable-states-declares-six-insolvent/