A report released by a magazine, Economic Confidential, has named Kwara State among the states with impressive Internally Generated Revenue (IGR) for the year 2017.
Other states ranked alongside Kwara are; Kano, Kaduna, Ogun, Rivers, Edo, Enugu, Delta, Cross River, Anambra, Oyo and Abia States and Lagos.
However the states in the south with the poorest IGR in 2017 include Bayelsa, Ebonyi, Osun, Ekiti, Akwa-Ibom and Imo States with a total of N934 billion in 2017.
The report however recorded that only three states in the north had an impressive IGR for the year 2017.
Pointing Lagos as the state with the highest IGR, with a total revenue generation of N333 billion compared to Federal Account Allocation (FAA) of N201 billion which translate to 165 per cent in the 12 months of 2017.
It is followed by Ogun State which generated N74.83 billion compared to FAA of N69 billion representing 107 per cent. Others with impressive IGR include Rivers with N89 billion compared to FAA of N178 billion representing 50 per cent; Edo with IGR of N25billion compared to FAA of N75 billion representing 33 per cent.
Kwara State however with a low receipt from the federation account has greatly improved in its IGR of N19 billion compared to FAA of N61 billion representing 32 per cent while Enugu with IGR of N22 billion compared to FAA of N69 billion representing 32 per cent.
Kano generated N42 billion compared to FAA of N143 billion representing 30 per cent while Delta State earned N51 billion IGR against FAA of N175 billion representing 29 per cent.
However, states are advised to improve their IGR by diversifying their economy to productive sectors and stop relying solely on the monthly federation accounts revenue that has a major part of it coming from the oil sector.
In a related development, the report listed Bauchi, Benue and Ekiti, among the 14 states that cannot survive without the federally collected revenue which is mostly derived from the oil sector.
The report which showed the total allocations received by each state from the FAA between January and December 2017, revealed that the IGR from the states were below 10 per cent of what they received from the federal allocation in 2017.
The report listed Bauchi which realized a meagre N4.3 billion compared to a total of N85 billion it received from the Federation Account Allocation (FAA) in 2017 representing about 5 per cent of the funds the state received from the Federal government that same year.
Yobe was also listed as it generated N3.59 billion compared to FAA of N67 billion representing 5.33 per cent of funds received from the Federal Allocation.
Also listed was Borno state which generated about N4.9 billion compared to FAA of N92 billion it received which is equivalent to 5.41 per cent of the funds it received from the FAA.
Kebbi with IGR of N4.39 billion compared to the N76 billion it received from the FAA representing 5.77 per cent of the funds it received from the federal account and Katsina with IGR of N6 billion compared to N103 billion of FAA representing 5.8 per cent.
Other poor internal revenue earners are Niger which generated N6.5 billion compared to FAA of N87 billion representing 7.43 per cent; Jigawa N6.6 billion compared to FAA of N85 billion representing 7.75 per cent; Imo N6.8 billion compared to FAA of N85 billion representing 8.1 per cent and Akwa Ibom N15 billion compared to FAA of N197 billion representing 8.06 per cent, Ekiti N4.9 billion compared to FAA of N59 billion representing 8.38 per cent; Osun N6.4 billion compared to FAA of N76 billion representing 8.45 per cent, Adamawa N6.2 billion compared to FAA of N72.9 billion representing 8.49 per cent; Taraba N5.7 billion compared to FAA of N66 billion representing 8.70 per cent and Ebonyi N5.1 billion compared to FAA of N57.8 billion representing 8 per cent.
