Top 6 States In Nigeria that Can Survive without Any Federal Allocation

The Annual State Viability Index (ASVI) published by Economic Confidential has revealed some Nigerian states that can survive without the monthly federal allocations.

According to The Cable, the ASVI measured the viability index of states using each state’s Internally Generated Revenue (IGR) as a percentage of its federal accounts allocation for the year.

This medium gathered 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 survive without federal allocation:

Lagos
Rivers
Ogun
Kaduna
Oyo
Anambra

According to the report, states listed here can survive without federal allocation because they generate high revenues locally.

For instance, Lagos in 2020 collected a federal allocation of N299 billion but generated N418 billion locally (139%)

Also, Rivers state which generated an IGR of N117 billion collected N198 billion as federal allocation (58%).

As for Ogun, the southwestern state made N50 billion IGR compared to the federal allocation of N88 billion (57%) it received.

Kaduna state generated N50 billion locally while its federal allocation was N124 billion (40%).

Oyo state with an IGR of N38 billion got N127 billion as federal allocation (29.7%) while Anambra generated N28 billion compared to its federal allocation of N94 billion (29.6%).

Earlier, Legit.ng had also listed the states that cannot survive without federal allocation, according to the ASVI.

36 state governors battle FG in Supreme Court
Meanwhile, the 36 state governments have sued the federal government over the proceeds of the stamp duties collected between 2015 and 2020 which they put at N176 billion.

The state governments demanded a refund of the proceeds in a suit filed before the Supreme Court on Thursday, September 9.

The states through their attorneys-general asked the apex court to determine whether or not they are the sole authority to administer and collect stamp duties within their respective states.