REVEALED: Only 11 states can generate enough money to pay workers in 2024

FIJ

Just 11 out of the 36 states in Nigeria will generate enough income to pay workers’ salaries in the 2024 fiscal year, FIJ has found.

This was gathered from comparing the 2024 personnel costs and revenue estimates for the 36 Nigerian states in the country. FIJ found that only Kaduna, Edo, Enugu, Gombe, Kano, Kwara, Rivers, Lagos, Ogun, Osun and Zamfara states will generate enough money to offset personnel costs in the 2024 fiscal year.

For most of the remaining states, however, federal allocations constitute more than 50 percent of their total revenue for the 2024 fiscal year. By implication, these states cannot fund the salaries of their workers without federal government disbursement or a loan.

FIJ also compared the revenue estimates of the 36 states to their total recurrent expenditures to determine which of the states would be self-sufficient. FIJ found only Lagos, with a N1.25 trillion revenue, and Enugu, with a N252 billion revenue, can fund their 2024 expenditures comfortably.

Only Rivers State and Lagos have revenue projections that exceed the federal allocations budgeted for them in 2024.

On the other hand, six states, including Akwa Ibom, Bayelsa, Nassarawa, Rivers, Plateau, and Yobe state will spend more than their independent revenue in 2024 to service both foreign and domestic loans.