Asvı, Economic, Enugu, Kwara, Lagos, Ogun, Rivers

Asvı, Economic

ASVI 2018: Lagos, Ogun, Rivers, Kwara, Enugu economic viable states - Vanguard News

ASVI 2018: Lagos, Ogun, Rivers, Kwara, Enugu economic viable states #vanguardnews


ASVI 2018: Lagos , Ogun , Rivers , Kwara , Enugu economic viable states vanguardnews

The Economic Confidential has released the Annual States Viability Index ( ASVI ) for which shows that seventeen (17) States are insolvent as their Interna

The IGR of the 36 states of the federation totalled N1.1 trillion in 2018 as compared to N931 billion in 2018, an increase of N172 billion. The report by this economic intelligence magazine further indicates that the IGR of Lagos State of N382bn is higher than that of 30 States put together whose Internally Generated Revenues are extremely low, and poor compared to their allocations from the Federation Account.

Others with impressive IGR include Edo with IGR of N28bn compared to FAA of N112bn representing 25%; Kano generated N44bn compared to FAA of N183bn representing 24%; Enugu with IGR of N22bn compared to FAA of N92bn representing 23%; Ondo with IGR of N24bn compared to FAA of N108bn representing 22.77%; Kaduna with IGR of N29bn compared to FAA of N131bn representing 22..44% while Delta State earned N58bn IGR against FAA of N285bn representing 20%.

While the report provides shocking discoveries, the states with less than 10% IGR have remained 17 as in the previous year 2017. The poor states may not stay afloat outside the Federation Account Allocation due to socio-political crises including insurgency, kidnapping, armed-banditry and herdsmen-farmer clashes.

The four Southern states with the poorest Internally Generated Revenue of less than 10% compared to their FAA in 2018 are Akwa Ibom, Ekiti, Ebonyi and Bayelsa.. Similarly, 13 Northern States have poorest IGR, namely Benue, Nasarawa, Gombe, Zamfara, Niger, Bauchi, Jigawa, Taraba, Adamawa, Borno, Katsina, Yobe and Kebbi States.

Read more: Vanguard Newspapers

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