Data made available by the Nigeria Extractives Industries Transparency Initiative (NEITI), has shown that 28 states would be unable to fund their 2019 budgets.
According to the report, only Yobe can fund its 2019 budget from the disbursements it received from the federation accounts allocations committee (FAAC).
A drop in oil prices has seen a reduction in allocation, as the three tiers of government were unable to share N2 trillion in the first quarter of 2019 as was the trend since the second quarter of 2018.
This has further highlighted the need for state governors to think innovatively, in order to boost their IGR.
At the weekend, the Economic Confidential revealed that 17, of the 36 states of the Federation, are insolvent as their IGR, in 2018, were far below 10% of their receipts from the FAAC in the same year.
