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17 States Economically Bankrupt -Report …10 States Viable

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The Economic Confidential yesterday released its Annual States Viability Index (ASVI) report.
It showed that 17 States are insolvent as their Internally Generated Revenues (IGR) in 2018 was far below 10% of their receipts from the Federation Account Allocations (FAA) in the same year.
The index declared that without the monthly disbursement from the Federation Account Allocation Committee (FAAC), many states remain unviable, and cannot survive without the federally collected revenue, mostly from the oil sector.
The IGR are generated by states through Pay-As-You-Earn Tax (PAYE), Direct Assessment, Road Taxes and revenues from Ministries, Departments and Agencies (MDAs).
The IGR of the 36 states of the federation totaled N1.1 trillion in 2018 as compared to N931 billion in 2018, an increase of N172 billion.
The report further indicates that the IGR of Lagos State of N382bn is higher than that of 30 States put together whose Internally Generated Revenues are extremely low and poor compared to their allocations from the Federation Account.
Meanwhile, the Federal Capital Territory (FCT) Abuja, which is not a state but the nation’s capital, generated N65bn IGR against N29bn it got from the Federation Account in 2018.
Lagos State remained steadfast in its number one position in IGR with a total revenue generation of N382bn compared to FAA of N260bn which translates to 146% in the twelve months of 2018.
It is followed by Ogun State which generated IGR of N84.55bn compared to FAA of N93bn representing 90%; Rivers with N112bn compared to FAA of N237bn representing 47% and Kwara State with a low receipt from the Federation Account has maintained its impressive IGR by generating N23bn compared to FAA of N81bn representing 28%.
Others with impressive IGR include Edo with IGR of N28bn compared to FAA of N112bn representing 25%; Kano generated N44bn compared to FAA of N183bn representing 24%; Enugu with IGR of N22bn compared to FAA of N92bn representing 23%; Ondo with IGR of N24bn compared to FAA of N108bn representing 22.77%; Kaduna with IGR of N29bn compared to FAA of N131bn representing 22.44% while Delta State earned N58bn IGR against FAA of N285bn representing 20%.
The report noted that ten states with impressive IGR generated N808bn in total, while the remaining states merely generated a total of N295bn in 2018.
While the report provides shocking discoveries, the states with less than 10% IGR have remained 17 as in the previous year 2017.
It added: “The poor states may not stay afloat outside the Federation Account Allocation due to socio-political crises including insurgency, kidnapping, armed-banditry and herdsmen-farmer clashes.
“Other states lack foresight in revenue generation drive coupled with arm-chair governance.
“The states that may not survive without the Federation Account due to poor internal revenue generation are Ebonyi which realized a meagre N6.14bn compared to a total of N76bn it received from the Federation Account Allocation (FAA) in 2018 representing about 7.98%; Bayelsa with IGR of N13.6bn compared to FAA of N192bn representing 7.10%; Taraba N5.96bnbn compared to FAA of N88bn representing 6.77%; Adamawa with IGR of N6.2bn compared to N97bn of FAA representing 6.77% and Borno with IGR of N6.52bn compared to N122bn of FAA representing 5.3% within the period under review.
“The major poor internal revenue earners are Katsina which generated N6.9bn compared to FAA of N138bn representing 5.03%; Yobe N4.48bn compared to FAA of N89bn representing 4.86% and lastly Kebbi N4.88bn IGR compared to FAA of N101bn representing 4.88%.”
The Economic Confidential ASVI further showed that only three states in the entire Northern region have IGR above 20% in comparison to their respective allocations from the Federation Account. They are Kwara, Kano and Kaduna States. Meanwhile seven states in the South recorded over 20% IGR in 2018. They are Lagos, Ogun, Rivers, Edo, Enugu, Ondo and Delta States.
The four Southern states with the poorest Internally Generated Revenue of less than 10% compared to their FAA in 2018 are Akwa Ibom, Ekiti, Ebonyi and Bayelsa. Similarly, 13 Northern States have poorest IGR, namely Benue, Nasarawa, Gombe, Zamfara, Niger, Bauchi, Jigawa, Taraba, Adamawa, Borno, Katsina, Yobe and Kebbi States.

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PROBE: EFCC Should Stop Media Trial – Rivers State Government

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The Rivers State Government says its attention has been drawn to a fresh wave of media trial by the Economic and Financial Crimes Commission (EFCC) against the officials of the state.

According  to a statement issued by the state Commissioner for information and Communications, Pastor Paulinus Nsirim, “the latest attempt contained in today’s edition( May 24,2020)of The Nation Newspaper alleged that the State Government has refused to release top officials for interrogation in connection to the withdrawal of N118 billion in cash between 2015 and 2018.

 

“We have repeatedly said that the State Government will not release its officials to the EFCC for investigations until the commission approaches the Court  to set aside Subsisting orders of perpetual  injunction granted by various courts of competent jurisdiction restraining the EFCC from investigating or inquiring into the financial transactions of the Rivers  State Government including its ministries, departments and  agencies.

 

“In view of these  Subsisting judgments, it would amount  to an act of brazen  illegality for the EFCC to  insist  on  interrogating  any official OF the Rivers State Government.
For the avoidance of doubt, no official of the Rivers State Government would appear before the EFCC until the subsisting judgments in favour of the Rivers State Government are set aside on appeal.

“Resorting to the Media can only be described as cheap blackmail and witch-hunt to turn away public attention from the development strides in the State.

“This media trial that they engage in all the time will not take the place of our extant laws no matter how hard they try.

“The EFCC should stop playing to the gallery and pursue its war against corruption within the ambits of the law.

 

“Rivers State Government is committed to the Rule of Law and cannot be intimidated by the EFCC.

“Those who want to use the EFCC to promote their political agenda in the State will fail because we know their antics.

“Targeting Rivers State for this occasional media trial should be seen by the public for what it is, “political witch-hunt,” the statement said.

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Rivers Records 27 New Coronavirus Cases …Manager Of Prodest Hotel Among The New Cases

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Rivers State has recorded 27 new positive coronavirus  cases.

A statement signed by the Rivers state Ministry of Information and Communications, Pastor Paulinus Nsirim, disclosed that the Manager of Prodest Hotel, Eleme is among the new positive cases.

According to the statement, the latest development validates the State Government’s proactive approach towards the fight against COVID-19.

Recall that Prodest Hotel was demolished two weeks ago because the owners violated Executive Order 7 which banned the operation of hotels.

The COVID-19 Taskforce members from the Local Government who went to enforce the Executive Order were brutalized and dehumanised leading to the death of one of them.

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RIWAMA Sole Administrator Congratulates Hon (Mrs) Justice Suzzette Eberechi Nyesom-Wike On Her Birthday

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As the wife of Rivers State Governor, Hon. (Mrs) Justice Suzzette Eberechi Nyesom-Wike celebrates her birthday anniversary on Sunday, the Sole Administrator, Rivers State Waste Management Agency, RIWAMA, Bro. Felix Obuah has felicitated with the First Lady, describing her as a rare gift to the State, Nigeria and the world at large.
Bro. Obuah in a congratulatory message also described Hon. (Mrs) Justice Suzzette Nyesom-Wike as a simple, loving, caring and trustworthy mother who has remained a pillar of strength to her husband in the task of administering the State.
He lauded the Governor’s wife for her steadfastness and being a role model for women, noting that her wonderful virtues are worthy of emulation.
While stressing that behind a successful man, there is a good wife, the RIWAMA Sole Administrator added that the blessed companionship of the First Lady and her husband has contributed in no small measure in navigating the ship of Rivers State into a glorious era.
His words: “As you mark your birthday today, I bring you best wishes and good tidings from my beloved wife and family, as well as workers of the Rivers Waste Management Agency, RIWAMA, who are appreciative of all that you are doing to advance the cause and dignity of Rivers people”.
Bro. Obuah prayed that the birthday would bring to the Governor’s wife, an extra share of everything that would make her the happiest in life.
The RIWAMA Sole Administrator further prayed God to grant the Rivers First Lady long and prosperous life for the overall benefit of the State and to the glory of God.
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