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Imo State recorded a 52.8 per cent performance, having spent N100,7 billion of its proposed 190.73 billion. The other state’s expenditure performance is 40.77 per cent for Enugu State, 31.93 per cent for Abia State, and 31.75 per cent for Anambra State.
Nigerian states’ journey to fiscal sustainability is still far ahead, 2019 Internally Generated Revenue (IGR) Data by the National Bureau of Statistics (NBS) has shown. According to the IGR report, all the thirty-six states and the FCT generated a total of ₦1.33 trillion. This amount represents about 50 percent of the federal allocation known as FAAC. The total FAAC shared to the states in 2019 stood at ₦2.5 trillion.
