Bayelsa, Kebbi., Katsina, Akwa-Ibom, Taraba and Yobe States are insolvent and may not be able to survive without the monthly revenue allocation from the
As Nigeria's economic crunch continues to ravage the country six states have been declared insolvent according to seventh Annual States Viability Index (ASVI) report released by Economic Confidential. The six states are; Bayelsa, Kebbi, Katsina, Akwa-Ibom, Taraba and Yobe. The identified states may not be able to survive without the monthly revenue allocation from the Federation Account Allocations Committee (FAAC), the report indicated.
In the face of dwindling revenues from the Federation Account Allocations Committee (FAAC) Governor Nasir El-Rufai of Kaduna State, recently stated that his government was elected to develop the state and not just to pay salaries. This comes after the disengagement of about 4,000 workers across the 23 local government areas of the state. Governor […]
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