TI- I humbly invite every Akwa Ibomite, Nigerian and any one any where in the world to please carefully read the full story provided by the link below. Think about this- one state alone, Lagos ,aided by oil money from Niger Delta produces IGR higher than 30 states out of 36 states! Akwa Ibom which generates 40% of the nation’s economic wealth is included in the 30 states. This is insanity. The Northern states clearly rely for their sustenance almost 100% from oil wealth generated only by a handful of politically and economically suppressed states. How long will this political and economic model last? Nigeria is as you can see, is demonstrably an undemocratic, unmanageable and a weirdly put together country by British colonialists precisely to run like a lemon. The future of this wobbly arrangement is unsustainable.
The report also noted that the N333 billion generated by Lagos state was higher that the IGR of 30 states put together whose internal revenues are extremely low and poor compared to their allocations from the Federation Account.
However, states are advised to improve their IGR by diversifying their economy to productive sectors and stop relying solely on the monthly federation accounts revenue that has a major part of it coming from the oil sector.