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Only 3 of Nigeria’s 36 States Can Survive Without Federal Allocation- Budgit
BudgIT, a civic group committed to government financial transparency, says only three Nigerian state governments can finance their recurrent expenditure without allocation from the Federal Government.
According to its report “State of States 2019” released on Wednesday, the group said Lagos led the fiscal sustainability index, followed by Rivers and Akwa Ibom.
It said it discovered that some states, such as Delta, were running huge recurrent expenditure reaching N200 billion.
The group also said it found it curious that Bayelsa, despite its size and low population, has a recurrent bill as high as N137 billion, compared with Ebonyi’s N30 billion, Sokoto’s N38 billion, Jigawa’s N43 billion, and Yobe’s N35 billion, amongst others.
“It is a recurring theme to see states in South-South Nigeria running high recurrent bills, mainly driven by the high revenues earned due to the 13 per cent derivation,” it said.
In its analysis, BudgIT said it was interesting to see Cross River with a “bogus budget” of N1.04 trillion spending less than N93billion on an annual basis, ranking with Imo with recurrent spending of N43billion.
Bodex F. Hungbo, SPMIIM is a multiple award-winning Nigerian Digital Media Practitioner, Digital Strategist, PR consultant, Brand and Event Expert, Tv Presenter, Tier-A Blogger/Influencer, and a top cobbler in Nigeria.
She has widespread experiences across different professions and skills, which includes experiences in; Marketing, Media, Broadcasting, Brand and Event Management, Administration and Management with prior stints at MTN, NAPIMS-NNPC, GLOBAL FLEET OIL AND GAS, LTV, Silverbird and a host of others
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