₦airaland Forum

Lagos, Rivers, Akwa Ibom can survive without federal allocation

by Taiwo Adebulu



BudgIT, a civic tech organisation, says only three states in the country can fund their expenditure without allocations from federal government.

The organisation listed the states as Lagos, Rivers and Akwa Ibom.

In a report titled “State of states 2019″, BudgIt said 33 states in the country cannot finance their recurrent expenditure without federal allocations.

It added that many states would have challenges if the federal allocation were not forthcoming due to fluctuation in crude oil price.

Orji Uche, BudgIT’s lead researcher, added that only 19 states can fund their expenditure with internally generated revenue and federal allocation.

“The implications of looking at this index is to enable us understand without federal allocation, how many states can sustain themselves,” she said.

“And by sustaining themselves, we are looking only at the recurrent expenditure. Are you going to meet your operating obligations, are you able to pay salaries so that anything coming from federal allocation would go to investments in the key sectors of the economy.

“When we look at the index, we can see that those states that can meet their expenditure only with IGR are only three States out of 36 States.

“What this means is that if they were to be oil price fluctuations and production allocation from the centre were to reduced, then many states would be in jeopardy.”

https://www.thecable.ng/budgit-lagos-rivers-akwa-ibom-can-survive-without-federal-allocation

May be in the next decades oo, currently no states in Nigeria can survive without oyel money.

Some of the governors are just fair better to each others. They are all bad managements

Ogun and Ondo will survive. Infact every Oodua states doesn't need any useless Nigeria.
Like it was in the past.

Still looking for the Biafra state on the list

Kapeter:
Ogun and Ondo will survive.
Infact every Oodua states doesn't need any useless Nigeria.

Like it was in the past.

So why are your people scared of disintegration?

Akwa In is among.
Proud to come from here.

Attah did well.

Akpabio also did well.

Udom is trying.

Akwa Ibom is blessed.

No point 'in-fighting'.

We are blessed.

No state can survive without oil money not even Akwa ibom and Lagos.

Imagine Akwa Ibom/CrossRiver as a country without all these leeches in Nigeria.

Where's Anambra?




Check my siggy for Social media Promotions

Lmao
Not a single southeast state among.
But they want their own country .

Non, not even the three States.. Recently the said States are indebted.

I can still vouch for Lagos but Akwa Ibom and Rivers? I really can’t say cause I don’t know much about Akwa ibom!!
Please Those who stays in Akwa Ibom or PH should attest to this abeg

Letter to Niger State, How will a state with two Hydro dam ( Kainji and shiroro dam) can't boast of 6hours of light in a day even the GRA of the state can't boast about that, And the governor is not saying anything in person of Yahaya Sani Bello

.

Every state in the country can manage their resources, but it all depends on the leadership of each state.

Waiting for who would mention Imo state

LORDKing001:
Non except Lagos

Lol, Rivers will do just fine...

I can survive without Nigeria

Gabbyosun:
Ftc

In your dreams!!

Really? I was expecting to see Kaduna state on the list as well

What of Osun state my state that we have alot of things to generate money
My state isn't poor na

No state can survive. If u see the debt profile of these thr3 states ,you will shout in your local language.

Big lie

Though Akwa Ibom is on the list, I don't feel it is a true member as its IGR is heavily dependent on the oil sector. It is too exposed to that sector.

Lagos and Rivers I believe are the true champions.