The Annual State Viability Index (ASVI) published by Economic Confidential has revealed some Nigerian states that can survive without the monthly federal allocations.
The ASVI l measured the viability index of states using each state’s internally generated revenue as a percentage of its federal accounts allocation for the year. Legit.ng gathers that states with an IGR of less than 10% of their total receipts from the federal allocations are considered insolvent.
Below are states listed as those that can not survive without federal allocation, according to the ASVI:
1. Bayelsa: 8.0%
2. Jigawa: 8.1%
3. Katsina: 8.8%
4. Adamawa: 9.1%
5. Yobe: 9.2%
6. Niger: 9.6%
7. Taraba: 9.8%
8. Benue: 9.8%
According to the report, Bayelsa state got a total of N152.54 billion as federal allocation in 2020 but only generated N12.18 billion as IGR, representing 8.0% of its total receipts from the federal account. Jigawa state got N107 billion as federal allocation but only generated an IGR of N8.6 billion (8.1%).
President Muhammadu Buhari’s home state of Katsina got N130 billion as federal allocation but made N11.3 billion IGR (8.8%).
Adamawa state with an IGR of N8.3 billion got N91 billion as federal allocation (9.1%).
Yobe state with an IGR of N7.7 billion collected N84 billion as federal allocation (9.2%) while Niger with an IGR of N10.5 billion got N109 billion as federal allocation (9.6%).
Taraba state with an IGR of N8.1 billion got N82 billion as federal allocation (9.8%) while Benue state with an IGR of N10.46 billion got N106 billion as federal allocation (9.8%).
