e diminishing federal allocations. As of 2018, the IGR of the largest number of states was still very meagre, a report by the National Bureau of Statistics reveals. Only Lagos – and probably Rivers – can stay afloat if federally-shared revenues were to cease. This is an uncomfortable reality that the states should aim to reverse without delay.
Nevertheless, there is some consolation. Lagos raked in N382.18 billion in 2018, garnering a growth of 14.4 per cent in contrast to the N333.96 billion it earned in 2017. Lagos, being Nigeria’s economic capital and Africa’s seventh largest economy, has developed a niche for generating revenue independent of the Federal Government, though it could perform far better. Oil-rich Rivers netted N112.7 billion in 2018, achieving a growth of 26.03 per cent from the N89.
In truth, however, no state in Nigeria should be poor. Experts stress that Kogi, which increased its IGR by 71 per cent from 2017 to 2018 at N19.3 billion, is home to the widest variety of solid mineral deposits among the 36 states. Yet, it is unable to generate enough income to pay salaries. It should seize the moment as the Federal Government has liberalised the mining sector.
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