The index, carefully and painstakingly computed, proved that without the monthly disbursement from the Federation Account Allocation Committee, many states remain unviable and cannot survive without the federally collected revenue, mostly from the oil sector.
Browsing: Annual States Viability Index
The report shows 17 States are insolvent as their Internally Generated Revenues in 2018 were far below 10 per cent of their receipts from the Federation Account Allocations in the same year.
The index, carefully and painstakingly computed, proved that without the monthly disbursement from the Federation Account Allocation Committee, many states remain unviable and cannot survive without the federally collected revenue, mostly from the oil sector.