A report by Economic Confidential, a subsidiary of PR Nigeria, has identified Lagos, Ogun, Rivers, Kaduna, Kwara, Oyo, and Edo as the most viable states in Nigeria for 2022. The report, based on figures from the Nigerian Bureau of Statistics and the Federal Account Allocation Committee, highlights these states’ strong Internal Revenue Generation (IGR). Lagos, in particular, led with an IGR of N651 billion, surpassing the combined total IGR of 29 other states. Meanwhile, six states, including Bayelsa, Akwa Ibom, and Katsina, were declared insolvent due to poor IGR, failing to generate up to 10% of their federal allocations.
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Credit: Punch