LAGOS JUNE 27TH (URHOBOTODAY)-An investigation by the Economic Confidential has rated Delta State among the top five Internally Generated Revenue (IGR) states in 2915.
In other states in the top five are Lagos State, Rivers State, Ogun state and Edo state.
The reported which retained Lagos State in its number one position in IGR with a total revenue generation of N268.22 billion in the 12 months under review, disclosed that Rivers State followed with N82.10 billion, Delta State third with N40.80 billion, Ogun State fourth with N34.59 billion and Edo State N19.11 billion.
It however reported that five other states look good to be on top of the current economic challenges.
“They are: Enugu, Oyo, Anambra, Akwa Ibom and Kano, with N18.08 billion, N15.66 billion, N14.793 billion, N14.791 billion and N13.611 billion respectively”, the report noted.
The Economic Confidential report further showed that the richest northern state is Kano, which is the only state from the North to be among the 10 highest IGR earners, while the rest are Southern States.
The poorest southern State is Ekiti, which is the only state from the South to be among the 10 lowest IGR earners, while the rest in the category and bottom of the ladder are Northern States.
The report provides shocking discovery that indicates that 15 states may go bankrupt and may not stay afloat outside the Federal Account Allocation due to lack of foresight in revenue generation drive, coupled with arm-chair governance.
The states that may not survive without the Federation Account due to poor internal revenues include Yobe, which generated a meagre N2.2 billion, compared to a total of N57.4 billion it received from the Federation Account Allocation from June 2015 to May 2016, representing about 3.9 per cent.
Others are: Zamfara with IGR of N2.7 billion compared to FAA of N56.6 billion, representing 4.8 per cent; Ekiti, N3.2 billion, compared to FAA of N50.460 billion, representing 6.5 per cent; Borno with N3.5 billion, compared to N78.7 billion of FAA, representing 4.5 per cent; and Kebbi, with IGR of N3.5 billion, compared to N64.8 billion of FAA, representing 5.5 per cent within the period under review.
Others poor internal revenue earners are Taraba State, which generated N4.1 billion compared to FAA of N56 billion, representing 6.4 per cent; Nassarawa, N4.4 billion, compared to FAA of N50.5 billion, representing 8.5 per cent; Adamawa, N4.4 billion, compared to FAA of N62.2 billion, representing 7.1 per cent; Gombe, N4.7 billion, compared to FAA of N49.8 billion, representing 9.6 per cent; Jigawa N5 billion, compared to FAA of N73 billion, representing 7 per cent; Bauchi, N5.3 billion, compared to FAA of N72.6 billion, representing 7.4 per cent; Imo N5.4 billion, compared to FAA of N71.6 billion, representing 7.6 per cent; Katsina, N5.7 billion, compared to FAA of N88.8 billion, representing 6.5 per cent; Niger N5.9 billion, compared to FAA of N74.8 billion, representing 8 per cent; and Sokoto, N6.2 billion, compared to FAA of N69.7 billion, representing 8.9 per cent.