BudgIT, a civic-tech organisation leading the advocacy for fiscal transparency and accountability in Nigeria, said Rivers State maintained its overall fiscal performance position, ranking first, just as in 2020 and 2021.
Usen said for the 2022 edition, all 36 states were ranked using five metrics.
“Index D evaluates the degree to which each State is prioritising capital expenditure concerning their operating expenses ,” he explained. “On index A1, save for three states, which ranked the least – Anambra, Kogi and Kebbi – 33 states experienced an increase in their IGR from the previous year, with 13 states growing their IGR by more than 50 per cent.
“A more disaggregated view of the subnational debt shows that 11 states reduced their total debt liability, with Delta having the most impressive decline of 33.84 per cent. “The four states with the highest dollar-denominated debt – Lagos, Kaduna, Cross River and Edo – are the most susceptible to exchange rate volatility,” he explained.
“Interestingly, nine states reduced their overhead cost from the previous year, signalling a reduction in the cost of governance.
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