*36 States generates N682bn IGR
*Lagos generates more IGR than 32 States combined
*Rich States: Lagos, Rivers, Delta, Ogun, Edo
*Poor States: Yobe, Zamfara, Ekiti, Borno, Kebbi
An investigation by the Economic Confidential has shown that Fifteen States may go bankrupt as their Internally Generated Revenues (IGR) in 2015 were far below 10% of their Federation Account Allocations (FAA) in one year from June 2015 to May 2016.
The report further indicates that the IGR of Lagos State of N268bn is higher than that of 32 States combined together excluding Rivers, Delta and Ogun whose IGRs are very impressive. The 32 other states merely generated a total of N257bn in 2015.