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

Jim Est FEED
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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.

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Lagos, Rivers, Ogun, Kaduna, Oyo and Anambra can survive without federal allocation.
Legit.ng gathers 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

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

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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%).

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

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

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Oyo state with an IGR of N38 billion got N127 billion as federal allocation (29.7%) while

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Anambra generated N28 billion compared to its federal allocation of N94 billion (29.6%).

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