- Lagos, Rivers, Akwa Ibom and Kano are the top states on BudgIT’s 2019 Sustainability Index
- The case of Akwa Ibom is quite inspiring as the government has depended majorly on internal revenue
- BudgIT is using such reports in raising the standards of transparency, citizen engagement and accountability most especially in public finance
Civil Society Organisation, BudgIT, has declared that the 2020 proposal of the Akwa Ibom state government is one of the most viable in the country.
In a report titled State of States 2019, the well respected civic organisation stated that only four states in Nigeria namely Akwa Ibom, Lagos, Rivers, and Kano, are viable.
The issues continue to persist around the weak economies of states mostly tied to informal trade and skeletal industrial output with exception of Lagos, Rivers, Delta, Ogun and Akwa Ibom state.
Lagos leads the fiscal sustainability index, followed by Rivers, Akwa Ibom and Kano states, the report stated.
BudgIT lamented that most Nigerian states have still not figured out how to harness their collective strengths and establish single focus investment products, thereby becoming the fulcrum of productivity.
The report stated that most state governments are mainly relying on federal allocation from the Nigerian government.
BudgIT, however, revealed that it is working with state governments on accessing their audited reports and to ensure that its fiscal index is more governed by reality than budget figures by states
The organisation is famed for using creative technology to intersect civic engagement and institutional reform.
Recently, Akwa Ibom moved from 16th position on the Internally Generated Revenue rating table in 2015 to number 6 on the table in 2019.
The amount represents 57.05 percent of the projected IGR (N43.6billion) for the 2019 business year nd it is a testament to Governor Udom Emmanuel's government discipline in terms of taxation.
It is on record that the governor is investing heavily in infrastructure as part of his industrialization policy.