Business

Only Lagos, Kaduna generate revenue above operating cost — Report

In the recently released 2023 edition of BudgIT’s annual ‘States of States’ report, Lagos and Kaduna have emerged as the only two states out of Nigeria’s 36 to generate more revenue than needed to cover their operating costs.

Titled ‘Subnational Healthcare Delivery for Improved Economic Development,’ the report emphasises the crucial role of healthcare delivery in promoting economic development and evaluates the fiscal performance of all states.

According to Nancy Odimegwu, Communications Associate of BudgIT, this year’s report highlights the remarkable fiscal performance of Lagos and Kaduna, showcasing their ability to generate surplus revenue despite economic challenges.

The report ranks states from the most to the least sustainable and also delves into the state of healthcare delivery at the state level.

In a surprising development, Anambra State made its debut in the fiscal performance table, denoted as “Index A,” while Rivers State maintained its position at the top for the fourth consecutive time.

However, Cross River slipped from the top five, now standing in ninth place.

On a positive note, Adamawa State exhibited significant improvement, climbing ten places to the 23rd position from its previous ranking of 33.

Nancy Odimegwu added that Adamawa State’s progress is a testament to the state’s commitment to enhancing its economic standing.

Conversely, Kebbi State experienced a considerable decline, dropping 13 places to the 28th position in the fiscal performance ranking.

Additionally, states like Taraba, Katsina, Bayelsa, and Zamfara required over seven times their internally generated revenue (IGR) to cover their operating costs, underscoring the financial challenges they confront.

BudgIT hopes that the report will serve as a valuable resource for engagement and advocacy efforts aimed at improving fiscal performance and healthcare delivery at the state level, ultimately contributing to the enhancement of economic development.

YOU SHOULD NOT MISS THESE HEADLINES FROM NIGERIAN TRIBUNE

How Sunday Igboho got his freedom — Prof Akintoye

The leader of Ilana Omo Oodua, a self determination movement for Yoruba nation, Professor Banji Akintoye, on Saturday, declared that

FULL LIST: 43 items that are no longer contraband for importation

The Central Bank of Nigeria (CBN) has removed restrictions on the importation of all 43 items that

How N16 almost made me to drop out of school —Prof Ogundana

Celina Folakemi Ogundana, an academic and professor of Sociology, is the

I don’t have billionaire boyfriend, I lied —Mercy Eke

Former Big Brother Naija winner, Mercy Eke, has set the record straight by admitting that she

Kenyan authorities arrest fake lawyer who won 26 cases in court

Kenyan authorities have arrested a fake lawyer, Brian Mwenda, who has won 26 cases while parading

2023 AFCON: Super Eagles will be difficult opponent for Cote d’Ivoire — Drogba

Cote d’Ivoire legend Didier Drogba has predicted a difficult duel against the Super Eagles of

Sandra Nwaokolo

Recent Posts

Group defends Mele Kyari amid criticism

The Coalition of Civil Society Groups for Transparency in Governance under the leadership of Empowerment…

48 minutes ago

NBA should look for opportunities to expand law practice in Nigeria – Oronsaye

A licensed attorney in both Nigeria and the United States of America, Christian Oronsaye, has…

53 minutes ago

State govts urged to tackle drug abuse through community-based interventions

State governments have been urged to embrace and entrench community-based interventions to curb the impact…

2 hours ago

FG pledges to strengthen access to justice, business transparency, community empowerment

The Federal Government has assured its commitment to strengthening access to justice, promoting transparency in…

2 hours ago

40 years after, DSS finally removes Lanre Arogundade’s name from watchlist

The Nigerian Chapter of the International Press Institute (IPI) on Tuesday disclosed that the Department…

2 hours ago

Nigeria making improvements in PHC service delivery — Pate

The Federal Government has said Nigeria was making improvements in healthcare access and the delivery…

2 hours ago

Welcome

Install

This website uses cookies.