NewStats: 3,261,102 , 8,173,043 topics. Date: Wednesday, 28 May 2025 at 08:38 AM 4k6m6b

Rivers state tops the rank of Nigerian states with comparatively limited dependence on federally distributed revenue for its operations, a report by the civic organization BudgIT Foundation has shown.

The State of States report obtained by our correspondent from the BudgIT website shows that Lagos, Ogun, and Anambra States follow Rivers State.

This is coming barely one month after the federal high court in Abuja barred the Central Bank of Nigeria (CBN) and the ant General of the Federation from releasing allocations from the federation to Rivers State pending when a validly constituted House of Assembly es a lawful appropriation act.

The court barred banks from allowing the Rivers government and Governor Siminalayi Fubara to withdraw from the state’s s, saying that Governor Fubara's 2024 budget disbursement violated constitutional guidelines because he presented the 2024 budget to a four-member factional House of Assembly and not the 27-member faction.

Governor Fubara has said he will not be representing the 2024 budget, which records obtained by our correspondent show has been implemented up to the third quarter of 2024.

The BudgIT annual publication report shows that Rivers State topped the list of states with comparatively more public revenue left to implement the capital expenditure components of their budgets after fulfilling repayment obligations to lenders and their government's operating expenses.

"We analyzed state financial statements from the Debt Management Office, focusing on indicators like the ability to cover expenses through internally generated revenue without dependence on FAAC allocations. Rivers State excelled in this regard," said Ibukunoluwa James, the Research Analyst at BudgIT Foundation.

"The State of States report is our annual publication that evaluates fiscal sustainability and governance in the subnationals of the country," she added.

"We make use of the financial statements of the states. While we analyze this data, we send it back to the states to validate so we are not just working off of what we picked up.

"We also make sure that these numbers are validated and they are consumable for the public.

"When it comes to Rivers State's fiscal resilience and dependence on FAAC allocation, like every other state, Rivers State receives allocation from the federal government.

"As of 2023, River State received a total of N339.53 billion in FAAC allocation from the federal government, and also they generated N203 billion in IGR.

"While the FAAC allocation makes up 62 percent of their total revenue, they were able to generate N203 billion, and also, when it comes to loan repayment, their loan decreased."

James emphasized how the report’s findings could serve as a roap for further fiscal improvements.

"This data provides an opportunity for Rivers State to strengthen its fiscal management strategies and address gaps in governance that might arise from such reliance on internal resources," she said.

https://www.nigeriainfo.fm/news/homepagelagos/how-rivers-emerged-as-nigerias-most-fiscally-independent-state/

Good news to reckon on this morning

Great

It might interest you to know that standard of living is no more better in Rivers than it is in Owerri, or Lagos, or in fact any other state in the South for that matter.

These things are good on paper.
But to the common man, it means nothing.

Fubara propaganda in motion.

Give Wike the credit

It’s obivious all SS and SE states will survive an inevitable disintegration of Nigeria….survival is not by announcing political IGR bigger than Pluto and the Atlantic Ocean combined!

Nice one. I hope more states have able and resourceful governors. Abia should follow suit.

I am not understanding,is the op high on Igbo or he is just downright incomprehensible?

datola:
Fubara propaganda in motion.

😂

datola:
Fubara propaganda in motion.

I know islamic terrorists and their sympathizers will not be happy. Anything that favours anybody else but of APC is propaganda to them.

They should be doing better

datola:
Fubara propaganda in motion.

Fiscal responsibility is a bad thing now?

What do I do with this information

All thanks to ameachi and wike.... Dis new governor never really do anything

Rivers state is their problem

Any state with huge resources such as that of Rivers state should not depend on FAAC

Good for them, they should just let go of federal allocation so others will share it.

Deltaoil

Where is Delta?

Abeg show us?

Ok

Sirheny007:
It might interest you to know that standard of living is no more better in Rivers than it is in Owerri, or Lagos, or in fact any other state in the South for that matter.

These things are good on paper.
But to the common man, it means nothing.

you absolutely correct.

emphasis by the media is on revenue and not governance

AntiChristian:


Deltaoil

Where is Delta?

Abeg show us?

Delta State is easily the most useless state in Nigeria.

Anambra State can survive without loans abd allocation from the federal government

Solution is trying

Akpanikon. This is why Wike feels he can keep cashing out on the state and money will still remain. Only God knows to what extent he had stolen from that state. Chai, and people whom the money is meant for will be suffering unimaginably.

emmyN:


Delta State is easily the most useless state in Nigeria.

Ah!

No let Deltaoil hear you o!

Na SW dey block them from progress!

Sirheny007:
It might interest you to know that standard of living is no more better in Rivers than it is in Owerri, or Lagos, or in fact any other state in the South for that matter.

These things are good on paper.
But to the common man, it means nothing.

We focus more on the theory than the practical aspect of economic reforms, little wonder, the country is in a bad shape.

Thewrath:
It’s obivious all SS and SE states will survive an inevitable disintegration of Nigeria….survival is not by announcing political IGR bigger than Pluto and the Atlantic Ocean combined!

What is survival if you cannot make your own money to fend for yourself except rely on another person?
All SE states rely on heavily FAAC.
Without FAAC,no existence..

Yes, Rivers is rich, but I don't believe anything that comes from BugIT. That organisation is way too political than transparent. Nigeria needs an independent consulting firm that can generate reliable data for countrywide decision-making.

Putinofrussia:

What is survival if you cannot make your own money to fend for yourself except rely on another person?
All SE states rely on heavily FAAC.
Without FAAC,no existence..

I guess there is only one way to find out for sure,total disintegration!!