The Federal government has raised the alarm over dismal level of Internally Generated Revenue (IGR) by state governments, and declared that Katsina, Kebbi, Borno, Bayelsa and Taraba states have become insolvent after their IGR collections were adjudged “extremely poor”.
The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) Chairman, Mr. Elias Mbam, who raised the concern, noted that the Federation Account is being overstretched by the unending demands of the three tiers of government, urging states to evolve creative ways of fattening their IGR to lessen the strain on the Federal purse.
The Annual States Viability Index (ASVI) listed Katsina, Kebbi, Borno, Bayelsa and Taraba states as those with the poorest Internally Generated Revenue (IGR) performance in 2019, thereby rendering them insolvent.