1 🟣Lagos: ₦1.97 trillion
2 🔴Kaduna: ₦525.9 billion
3 🟤Delta: ₦511.3 billion
4 🟣Ogun: ₦379.2 billion
5 🟤Edo: ₦325.1 billion
6 🟤Cross river: ₦322.0 billion
7 🟤Rivers: ₦290.2 billion
8 🟢Imo: ₦280.8 billion
9 ⚫Bauchi: ₦278.7 billion
10 🟤Akwa Ibom: ₦233.1 billion

Racoon:
Delta state ought not to be on that list. Same with Akwa Ibom. So much allocation but poor IGR hence economically unviable.

Meanwhile Lagos as usual remains a paradox. Generating so much but with grossly less to show for it. This is why GDP: debt ratio is a more reliable index of economic development than IGR.

horsepower102:
Some states on the list have both high IGR and high federal allocations yet they are drowning in debt

horsepower102:
Some states on the list have both high IGR and high federal allocations yet they are drowning in debt

The dodomayanas from Southwest hate to see this list, very dumbo brains next is to mention US and China, they always trying to use IGR to cover shame, while their leaders borrow to pay salary, I don't know when these guys go get sense, every year same stupidity

horsepower102:
Most indebted states

MEEVEET:

Remove Akwa in on there Nigeria still owe them 2 trillion naira plus

Disputed oil well revenue payment

horsepower102:


Really? I doubt that money will ever be paid by federal government

MEEVEET:

Yes that is why Akwa Ibom borrow against that money and send the debtors to FB

That state is the best state in Nigeria in terms of financial state

They just haven't had smart leaders who would build a their human capital development

Building roads won't do it, building factories won't do it either

horsepower102:


They should channel all political energy to open Ibom port and watch massive investments and jobs pour into that state.

If what you say about the debt being sent to the federal government is true, then that’s the wisest decision. I didn’t know that it could be done that way.

horsepower102:
Some states on the list have both high IGR and high federal allocations yet they are drowning in debt

MEEVEET:

Yes that is why Akwa Ibom borrow against that money and send the debtors to FB

That state is the best state in Nigeria in terms of financial state

They just haven't had smart leaders who would build a their human capital development

Building roads won't do it, building factories won't do it either

MEEVEET:

Ibom port won't work for same reason lekki sea port won't work

Until the law is change to allow everyone import anything from any port

That's the Koko

Soludo wanted to build pharmaceutical industrial layout in Anambra as minimum 60% of local pharmaceutical companies are owned by igbos

They told him the truth... Pharmaceutical and chemicals can only be imported through apapa not even tincan

That's why they are all in Lagos and Ogun

Such laws are the main reasons investors are holding back

Ogene001:

All the money in Akwa ibom end up in Aba

MEEVEET:

Ibom port won't work for same reason lekki sea port won't work

Until the law is change to allow everyone import anything from any port

That's the Koko

Soludo wanted to build pharmaceutical industrial layout in Anambra as minimum 60% of local pharmaceutical companies are owned by igbos

They told him the truth... Pharmaceutical and chemicals can only be imported through apapa not even tincan

That's why they are all in Lagos and Ogun

Such laws are the main reasons investors are holding back

Ogene001:

That's why I laugh at yorubas making mouth. SW needs Nigeria more than Nigeria needs SW

Ogene001:

That's why I laugh at yorubas making mouth. SW needs Nigeria more than Nigeria needs SW

forgiveness:


Before the entity called Nigeria, SW already had Lagos port and it was generating billions of naira (based on current evaluation). I am talking about as far back as 1890s. Look the list below to see those inhabiting Lagos then.

Tjra:

Ogene001:

By 1890s Lagos is already very cosmopolitan. Stop posting rubbish computer typed document

horsepower102:
Some states on the list have both high IGR and high federal allocations yet they are drowning in debt