Tag: Insolvent

Half of Nigeria’s 36 states insolvent, survive on allocations from FG – Report

Apr 29, 2018

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by

Olaotan Falade

in Business News, Nigeria

The Economic Confidential has released its Annual States Viability Index (ASVI) which shows that 17 states are insolvent as their Internally Generated Revenues (IGR) in 2017 were far below 10 per cent of their receipts from the Federation Account Allocations (FAA) in the same year. The index proved that without the monthly disbursement from the…