[REPORT] Revenue Generation: Seven States Insolvent, Survive On Federal Allocation
Economic Confidential, a publication of PRNigeria, on Sunday, released its Annual States Viability Index (ASVI). The report shows that 7 states, led by Katsina, are insolvent as their Internally Generated Revenue (IGR) in 2019 were below 10 percent of their total federal allocation in the same year. IGR is generated through Pay-As-You-Earn Tax (PAYE), direct … Read more