State of States report

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Summary

Key Insights

In this year's report, we will review how far states have come, discuss “Sustainable Governance Reforms for a New Era” and explore the various strategies that states can

Rivers State maintained its overall fiscal performance ranking of the 1st position from last year. While two states, Kaduna and Cross River made it into the top 5 on the overall fiscal performance ranking.

Insight

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Rivers State maintained its overall fiscal performance ranking of the 1st position from last year. While two states, Kaduna and Cross River made it into the top 5 on the overall fiscal performance ranking.

Insight

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Rivers State maintained its overall fiscal performance ranking of the 1st position from last year. While two states, Kaduna and Cross River made it into the top 5 on the overall fiscal performance ranking.

Insight

03

Rivers State maintained its overall fiscal performance ranking of the 1st position from last year. While two states, Kaduna and Cross River made it into the top 5 on the overall fiscal performance ranking.

Insight

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States Ranking Chart

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Methodology

This research methodology analyses the performance of states using four indices: Index A, Index A1, Index B, and Index C. Index A measures states' dependence on federally distributed revenue, with higher-ranking states showing greater viability as independent entities. Index A1 assesses states' growth in internally generated revenue, indicating their progress in reducing reliance on federal transfers. Index B examines the availability of public revenue for capital expenditure after meeting financial obligations, highlighting the risk of under-implementing budgets for lower-ranking states.

Index C evaluates states' debt profiles and their capacity to borrow, suggesting the adoption of Public-Private Partnership models for lower-ranking states with constrained revenue. Index D focuses on states' prioritisation of capital expenditure, revealing the need for lower-ranking states to invest more in human capital development.

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