FIFTEEN States may go bankrupt as their Internally Generated Revenue (IGR) in 2015 were far beneath 10 for every penny of their Federation Account Allocations (FAA) from June 2015 to May 2016.
The states that may not survive without the Federation Account because of poor interior income incorporate Yobe which produced small N2.2 billion, contrasted with an aggregate of N57.4 billion it got from the Federation Account Allocation (FAA) from June 2015 to May 2016, speaking to around 3.9 for each penny. Others are Zamfara with IGR of N2.7 billion, contrasted with FAA of N56.6 billion representing 4.8 for every penny; Ekiti N3.2 billion contrasted with FAA of N50.460 billion speaking to 6.5 for each penny; Borno with N3.5 billion contrasted with N78.7 billion of FAA speaking to 4.5 for every penny and Kebbi with IGR of N3.5 billion contrasted with N64.8 billion of FAA representing 5.5 for each penny inside the period under survey.
Other poor inside revenue workers are Taraba which created N4.1billion contrasted with FAA of N56 billion, speaking to 6.4 for each penny; Nassarawa N4.4 billion contrasted with FAA of N50.5 billion, speaking to 8.5 for every penny; Adamawa N4.4 billion contrasted with FAA of N62.2 billion, speaking to 7.1 for every penny; Gombe N4.7 billion contrasted with FAA of N49.8 billion, speaking to 9.6 for each penny; Jigawa N5 billion, compared to FAA of N73 billion, speaking to 7 for each penny; Bauchi N5.3 billion contrasted with FAA of N72.6 billion, representing 7.4 for each penny; Imo N5.4 billion, contrasted with FAA of N71.6 billion, representing 7.6 for each penny; Katsina N5.7 billion contrasted with FAA of N88.8 billion, representing 6.5 for each penny; Niger N5.9 billion contrasted with FAA of N74.8 billion speaking to 8 for each penny and Sokoto N6.2 billion contrasted with FAA of N69.7 billion speaking to 8.9 for every penny.
A report by Economic Confidential magazine further demonstrates that the IGR of Lagos State of N268 billion is higher than that of 32 states consolidated together excluding Rivers, Delta and Ogun whose IGRs are extremely impressive. The 32 different states only produced a sum of N257 billion in 2015.
Additionally, the most recent report on IGR uncovers that exclusive Lagos State produced more income than its allotment from the Federation Account by 150 for every penny and no other state has up to 100 for each penny IGR to the government largesse.
The IGR of the 36 conditions of the organization totalled N682.67 billion in 2015 when contrasted with N707.85 billion in 2014, a drop of N25.18 billion or a less 3.56 for every penny.
As indicated by the report, 15 states may go bankrupt and may not stay above water outside the Federal Account Allocation because of absence of prescience in income era drive.
In the mean time Lagos State retains its main position in IGR with an aggregate income era of N268.22 billion a year ago. It is trailed by Rivers State N82.10 billion, Delta State N40.80 billion, Ogun State N34.59 billion and Edo state N19.11billion.
Be that as it may, these five states look great to be on top of the current monetary difficulties. They are: Enugu, Oyo, Anambr@, Akwa Ibom and Kano with N18.08 billion, N15.66 billion, N14.793 billion, N14.791billion, and N13.611 billion individually.
The Economic Confidential report further demonstrated that the wealthiest northern state is Kano which is the main state from the North to be among the 10 most elevated IGR workers while the rest are southern states.
The states that may not survive without the Federation Account because of poor interior income incorporate Yobe which produced small N2.2 billion, contrasted with an aggregate of N57.4 billion it got from the Federation Account Allocation (FAA) from June 2015 to May 2016, speaking to around 3.9 for each penny. Others are Zamfara with IGR of N2.7 billion, contrasted with FAA of N56.6 billion representing 4.8 for every penny; Ekiti N3.2 billion contrasted with FAA of N50.460 billion speaking to 6.5 for each penny; Borno with N3.5 billion contrasted with N78.7 billion of FAA speaking to 4.5 for every penny and Kebbi with IGR of N3.5 billion contrasted with N64.8 billion of FAA representing 5.5 for each penny inside the period under survey.
Other poor inside revenue workers are Taraba which created N4.1billion contrasted with FAA of N56 billion, speaking to 6.4 for each penny; Nassarawa N4.4 billion contrasted with FAA of N50.5 billion, speaking to 8.5 for every penny; Adamawa N4.4 billion contrasted with FAA of N62.2 billion, speaking to 7.1 for every penny; Gombe N4.7 billion contrasted with FAA of N49.8 billion, speaking to 9.6 for each penny; Jigawa N5 billion, compared to FAA of N73 billion, speaking to 7 for each penny; Bauchi N5.3 billion contrasted with FAA of N72.6 billion, representing 7.4 for each penny; Imo N5.4 billion, contrasted with FAA of N71.6 billion, representing 7.6 for each penny; Katsina N5.7 billion contrasted with FAA of N88.8 billion, representing 6.5 for each penny; Niger N5.9 billion contrasted with FAA of N74.8 billion speaking to 8 for each penny and Sokoto N6.2 billion contrasted with FAA of N69.7 billion speaking to 8.9 for every penny.
A report by Economic Confidential magazine further demonstrates that the IGR of Lagos State of N268 billion is higher than that of 32 states consolidated together excluding Rivers, Delta and Ogun whose IGRs are extremely impressive. The 32 different states only produced a sum of N257 billion in 2015.
Additionally, the most recent report on IGR uncovers that exclusive Lagos State produced more income than its allotment from the Federation Account by 150 for every penny and no other state has up to 100 for each penny IGR to the government largesse.
The IGR of the 36 conditions of the organization totalled N682.67 billion in 2015 when contrasted with N707.85 billion in 2014, a drop of N25.18 billion or a less 3.56 for every penny.
As indicated by the report, 15 states may go bankrupt and may not stay above water outside the Federal Account Allocation because of absence of prescience in income era drive.
In the mean time Lagos State retains its main position in IGR with an aggregate income era of N268.22 billion a year ago. It is trailed by Rivers State N82.10 billion, Delta State N40.80 billion, Ogun State N34.59 billion and Edo state N19.11billion.
Be that as it may, these five states look great to be on top of the current monetary difficulties. They are: Enugu, Oyo, Anambr@, Akwa Ibom and Kano with N18.08 billion, N15.66 billion, N14.793 billion, N14.791billion, and N13.611 billion individually.
The Economic Confidential report further demonstrated that the wealthiest northern state is Kano which is the main state from the North to be among the 10 most elevated IGR workers while the rest are southern states.