Anambra State is missing among the states listed capable of generating enough income to pay salaries in 2024 fiscal year.
This was gathered from comparing the 2024 personnel costs and revenue estimates for the 36 Nigerian states in the country. FIJ found that only Kaduna, Edo, Enugu, Gombe, Kano, Kwara, Rivers, Lagos, Ogun, Osun and Zamfara states will generate enough money to offset personnel costs in the 2024 fiscal year.
For most of the remaining states, however, federal allocations constitute more than 50 percent of their total revenue for the 2024 fiscal year. By implication, these states cannot fund the salaries of their workers without federal government disbursement or a loan.
STATE IGR (Naira) PERSONNEL COST (Naira)
Kaduna 120,001,818,558. 76,206,260,777
Edo 71,691,130,754.62 65,167,577,994.68
Gombe 22,318,245,500. 21,925,000,000.
Kano. 101,956,874,541. 87,465,825,287
Rivers 231,057,836,945 99,588,939,939.39
Kwara. 71,788,763,444. 50,997,629,672.
Lagos 1.251 trillion
Ogun. 240,538,655,485. 122,400,076,062.
Osun 104,770,526,130. 82,361,903,000
Zamfara 55,534,775,000. 35,579,537,000.
States with Higher Revenue Than Personnel Cost in 2024
The report also compared the revenue estimates of the 36 states to their total recurrent expenditures to determine which of the states would be self-sufficient. It found only Lagos, with a N1.25 trillion revenue, and Enugu, with a N252 billion revenue, can fund their 2024 expenditures comfortably.
Only Rivers State and Lagos have revenue projections that exceed the federal allocations budgeted for them in 2024.
On the other hand, six states, including Akwa Ibom, Bayelsa, Nassarawa, Rivers, Plateau, and Yobe state will spend more than their independent revenue in 2024 to service both foreign and domestic loans.
According to the National Bureau of Statistics, the cumulative revenue of the states in Nigeria increased by more than N1 trillion in 2022, with Lagos and Rivers as the top two earners for that fiscal year.
States in Nigeria generate revenue from services provided by MDAs, taxes and fines paid by citizens and industries local to their respective states.
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