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Bayelsa, Katsina, Taraba, Yobe Top Poor States With Little Generated Revenue, Depend Largely On Federal Allocations

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. ....

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