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The report wondered why a state such as Delta was running huge recurrent expenditure reaching up to N200bn. In its analysis, the firm in the report said it was also interesting to see states like Cross River State with a budget of N1.04tn spend less than N93bn on an annual basis. She said, “The implications of looking at this index is to enable us understand without federal allocation, how many states can sustain themselves.“Are you going to meet your operating obligations, are you able to pay salaries so that anything coming from federal allocation would go to investments in the key sectors of the economy.
Also speaking on the report, the Senior Economist, World Bank, Yue Man Lee, said the implications of having low revenue was that the amount Nigeria could spend on human development would be restricted.
Am sure my Ogun state is among the 3 viable States.
Something tells me that MrUdomEmmanuel's Akwa Ibom is among the three.
Big problem
If states were to control their resources, how many states can? Nigeria
Federal government has taken over all the natural resources of the states thereby rathering them useless financial
Where is their IGR
Please name 🕵