Top 10 Poorest States in Nigeria
The rating / list of the top 10 Poorest States in Nigeria is based on the sustainability Index of each state, which takes into consideration the Internally Generated Revenue (IGR), Recurrent Expenditure and the Total Debt of each State.
Pls Note: if the rating is based on just the Internally Generated Revenue, the list will be different, some states in this list will probably be amonng the richest in Nigeria.
Definition of terms
By Internally Generated Revenue; we mean the total amount the state makes for a year.
Recurrent Expenditure; the amount remaining, either positive or negative, after paying staffs and all required payments
Total Debt Stock; This is the total amount of money the state is owing from money borrowed
Calculation of the Sustainability Index
Index A = Revenue Generated / IGR + Derivation + Vat
Index B = Revenue Generated / Total Revenue
Index C = Total Debt Stock / Total Revenue
Sustainability Index = ((Index A x 35) + (Index B x 50) + (Index C x 15)) / 15
Scores = 100 / Sustainability Index
Hence Sustainability Index will be written as SI, Monthly Internally Generated Revenue as MIGR, State Debt as SD
Starting from Number ten
||Internally Generated Revenue||State Debt
||Av. Monthly R. R After m. R. E.||Sustainability
Note: I said 2016, because we would continue to update this post
There you have it the top 10 Poorest States in Nigeria 2016, with relation to their sustainability index. Like us on Facebook @facebook.com/9jaquest or follow us on twitter.com @ twitter.com/NaijaQuest and remember to share the post with your friends.
- Top 10 Richest States in Nigeria 2016
- Buhari’s list of Federal Ministries, Ministers and The New Permanent Secretary’s Names
- Latest Naija Entertainment News Today
- Harrysong Biography and Songs